Bloomberg Media CEO Justin Smith steps down

Bloomberg Media CEO Justin Smith steps down - WSJ
© Reuters. FILE PHOTO: A New York Police Officer stands outside of Bloomberg headquarters in New York, New York, U.S., October, 25, 2018. REUTERS/Mike Segar

(Reuters) – Bloomberg Media Chief Executive Officer Justin Smith is stepping down, effective immediately, to start a new media firm, the Wall Street Journal reported on Tuesday.

Bloomberg Media did not immediately respond to a Reuters request for comment.

Bloomberg competes with Reuters, the news division of Thomson Reuters (NYSE:) Corp, in supplying news to media outlets.

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