[stupidbird]

If newspapers were in it for the money they wouldn't be newspapers. It's not an incredibly lucrative business.

[usefulcat]

Correlation != causation. The fact that most newspapers aren't lucrative doesn't mean they don't value profit.

[spac]

Bloomberg News is not a newspaper. The company makes money from selling terminals not news (although the terminal contains news, but it's easy to see that sensationalism is not what the customers pay for).

[usefulcat]

No one had to pay to read the SuperMicro story (the original one that started all this).

[stupidbird]

Sure, but they let everyone read this specific story for free. They could have easily kept it behind their paywall.

Overall Bloomberg as a company does not sustain itself on news revenue.