BLOOMBERG NAMES ITS FIRST CMO
Bloomberg LP named its first chief marketing officer in the company’s history as it looks to counter a slump in sales of its financial-data terminals.
The news and information giant founded by Mayor Mike Bloomberg tapped Maureen McGuire, a 30-year veteran of IBM and the former CMO of Sears and Kmart, for the newly created position.
* The Post reported earlier this month that Bloomberg was close to naming its first marketing chief to help boost its brand.
The Wall Street meltdown has taken a bite out of Bloomberg’s bread-and-butter terminal business, which accounts for most of its $6 billion-plus in annual revenue.
At the end of April, Bloomberg’s terminal leases had fallen 2.8 percent, to a total of 280,000 screens.
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