Bloomberg Media's CEO Justin Smith said he is stepping down effective immediately to found a new media company to help address a crisis in trust among news consumers
Bloomberg Media Chief Executive Justin Smith said he is stepping down effective immediately to found a new media company.
“The news industry is facing a crisis in consumer trust and confidence due to the distorting influence of social media and rising levels of polarization and parochialism,” Mr. Smith said in an email Tuesday. “My plan is to launch a premium news business that serves unbiased journalism to a global audience and provides a high-quality platform for the best journalists in the world.”
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