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Bloomberg L.P., where I worked for seven years as a reporter for Bloomberg News, has announced plans for its first-ever corporate layoffs, proving that the media empire founded by New York City Mayor Mike Bloomberg in 1981 is not immune to the economic slowdown.

The cuts, 100 in total, were in the company's radio and TV operations. They are not surprising. Both Bloomberg TV and radio station WBBR have been poorly managed for years. Many of CNBC's biggest stars, including Dylan Ratigan, started their careers at Bloomberg TV. They no doubt went to the General Electric Co. (NYSE:GE)-owned network for bigger money and bigger audiences. The reorganization that the New York Times refers to may include the end of non-English language programming. It also means getting rid off high-priced talent.

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Media World: First ever layoffs at Bloomberg L.P. originally appeared on BloggingStocks on Thu, 05 Feb 2009 14:32:00 EST. Please see our terms for use of feeds.

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