A major shakeup of the urbanism media landscape was announced this week.
"Bloomberg Media intends to purchase CityLab, a brand from The Atlantic that was created in 2011 as a standalone website devoted to covering cities and how they are innovating for the future," reports Sara Jerde.
The announcement represents the second media shake up in the urbanism realm in recent weeks, after Vox Media closed shop at local Curbed sites in D.C., Seattle, New Orleans, and Philadelphia.
Michael Bloomberg, Bloomberg founder, CEO, and majority owner, recently announced a run for the presidency, prompting Bloomberg media companies to promised to stay out of the Democratic primary. As a further complication, Bloomberg Philanthropies is active in smart city and sustainability philanthropy.
"The transaction is expected to close by the end of the year, and financial terms of the arrangement were not made public," according to Jerde.
Read the full story: Bloomberg Media Makes First Acquisition in 10 Years, Secures CityLab From The Atlantic
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
Legislation would require 10 governors’ permission to study or build projects moving water outside the basin.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
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