Thursday, March 30, 2023
HomeAdvertisingBloomberg Media Hires Its First-Ever Chief Income Officer

Bloomberg Media Hires Its First-Ever Chief Income Officer

The enterprise information writer Bloomberg Media has employed digital media govt Christine Cook dinner as its first chief income officer, based on the writer, Adweek can completely report.

The writer had beforehand employed Keith A. Grossman, who left in 2019, as international chief income officer. Earlier than him, Paul Caine held the place. Cook dinner begins the position March 20.

“Having spent most of my profession supporting journalism with promoting and innovation, I’m impressed by Bloomberg Media’s dedication to international enterprise journalism, which is matched by its dedication to know-how and innovation in reaching its prospects,” Cook dinner mentioned in an announcement.

Within the place, Cook dinner will oversee promoting revenues throughout all Bloomberg Media platforms, together with digital, digital video, linear TV, audio, occasions, customized content material, print and programmatic revenues.

She’s going to report back to Bloomberg Media chief business officer Stephen Colvin and work alongside chief digital officer Julia Beizer, who manages the buyer subscription enterprise.

“Bloomberg Media’s promoting income has continued to develop and our dedication to investing in prime expertise and management has remained a precedence for the enterprise,” Colvin mentioned in an announcement. “I’m wanting ahead to welcoming Christine to Bloomberg Media and am assured that her expertise in making a holistic gross sales strategy and scaling our enterprise will assist speed up this development.”

Previous to becoming a member of Bloomberg Media, Cook dinner served because the senior vp, head of name partnerships at WarnerMedia, and earlier than that, she oversaw gross sales technique for CNN Digital as its chief income officer.

Cook dinner has additionally held gross sales and promoting roles at Flipboard, The New York Instances and the Monetary Instances.

Swearing off open-market programmatic

Cook dinner joins Bloomberg Media as the corporate information its tenth consecutive quarter of promoting income development and eyes the milestone of 500,000 digital subscribers. The privately held firm wouldn’t share whether or not it was worthwhile.

Final yr, the corporate noticed promoting revenues improve 15%, digital video income develop 22% and occasions income surge 46%. General, complete income grew 16% in 2022.

Video income alone surpassed $100 million, and the corporate has prioritized its new collection of premium video, just lately rebranded as Bloomberg Originals, as a key development space.

The corporate additionally discontinued its open-market programmatic promoting Jan. 1, as Adweek first reported.


Most Popular

Recent Comments