Bloomberg LP is
folding Bloomberg Law into its Bloomberg Bureau of National Affairs unit and is
expected to lay off an undisclosed number of journalists as part of
“rebranding.” BBNA was built around Bloomberg’s acquisition of the Bureau
of National Affairs in 2011 for $990M, the largest purchase in its
history. The company says that many of the 250 journalists at Bloomberg
Law will be offered jobs at Arlington, Va.-based BBNA, a provider of legal and
regulatory news and information. Bloomberg Law was seen as a way to get
away from the desktop terminal business and make some inroads into the legal
research field dominated by Thomson Reuters’ Westlaw and Reed Elsevier’s
Lexis/Nexis.
