Bloomberg Taps Lack As Multimedia Group CEO
Former Sony, NBC, CBS Exec To Lead Bloomberg TV, Interactive, Radio
By Multi Channel News Staff -- Multichannel News, 10/14/2008 5:52:00 AM
Bloomberg has named Andrew Lack CEO of its multimedia group, with responsibilities responsible for the company’s expanding television, interactive and radio operations.
Lack, the former NBC and CBS News executive, will work closely with Bloomberg News founder and editor-in-chief Matthew Winkler and chief content officer Norman Pearlstine, all of whom report to Bloomberg L.P. president Dan Doctoroff.
The multimedia group Lack will head was created in July following a major reorganization of Bloomberg, known internally as “plan B.” Winkler will continue to head the news group. It includes the wire service, which informs nearly 300,000 professional investors, Bloomberg Markets magazine, and Bloomberg Pressbooks for investment professionals. Pearlstine serves as the liaison between the news and multimedia groups, defining the relationship between them and leveraging content across all the company’s platforms.
“Andy Lack is a news legend,” said Doctoroff in a statement. “His extraordinary accomplishments at NBC and CBS News and his innovative work in the entertainment industry at Sony Corp. qualify him uniquely to lead Bloomberg’s multimedia businesses.”
Most recently, Lack was chairman of Sony BMG Music Entertainment and previously served as CEO of Sony BMG Music Entertainment, where he oversaw all operations of the global recorded music and video company. Prior to that, he served as chairman and CEO of Sony Music Entertainment.
Previously, Lack served for two years as president and COO for NBC. During his tenure, he oversaw NBC Entertainment, NBC News, including MSNBC and CNBC, NBC Stations, sales, and broadcast and network operations. From 1993 to 2001, Lack was president of NBC News.
Before joining NBC, Lack spent much of his TV career at CBS News, where he created and served as the executive producer of newsmagazine West 57th. He served as producer for 60 Minutes and was senior executive producer of the landmark CBS Reports for nearly a decade.
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