The BBC is launching two new business sections – BBC Capital and BBC Entrepreneurship – as the broadcaster meets the growing demand for financial reporting, it announced on Thursday.
BBC Capital covers management, personal finance and workplace news, and will feature columnists Liz Garone, a Wall Street Journal veteran, former ABC News “Money Matters” host Kelsey Hubbard and former Journal editor Ron Alsop. The site will be led by former Journal and Businessweek editor Jennifer Merritt. It is sponsored by Siemens AG (NYSE:SI) and Manpowergroup Inc. (NYSE:MAN).
Though it features fewer marquee names, the new sister vertical will funnel stories about small business, startups and investment into one section.
“BBC is no stranger to financial newsgathering – our new investment harnesses our extensive net of business reporting to deconstruct global economic news,” Nick Ascheim, the BBC’s senior vice president of consumer digital, said in a statement. “We’ve hired some of the brightest journalists out there and built a one-stop shop for personally relevant business news.”
Since the 2008 recession, news consumers’ appetite for financial stories has grown as the health of the stock market became a fixture in the daily lives of readers outside of economic hubs.
Atlantic Media, which publishes the Atlantic and the National Journal, launched Quartz last September. Mashable, once a site for social media news, has evolved into a destination for updates on the digital marketplace. And, most recently, BuzzFeed started a business vertical, on which readers can discover “14 CEOS And Their Animal Doppelgangers.”