Felix Salmon is not a fan of Bloomberg's new paywall.
So why is the paywall going up? Partly because it can. Paywalls are so common nowadays that Bloomberg was effectively leaving money on the table by not having one. Like the good capitalists that they are, Bloomberg’s executives have decided to pick this low-hanging fruit. As a business decision, it’s a no-brainer.
But there’s something else going on here too, related to the way Bloomberg LP is structured.