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Bloomberg Wins Three Loeb Awards for Outstanding Business and Financial Journalism

June 28, 2011

Earlier this evening, at Capitale in New York City, Bloomberg accepted three Gerald Loeb Awards for outstanding business and financial journalism in the News Services, Beat Reporting, and Magazines categories. 

Winning a Loeb award is a big deal in the world of business journalism. It’s a true honor that demonstrates a certain level of expertise to which most aspire.

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Bloomberg News Editor-in-Chief Matthew Winkler said, “As there is no greater measure of respect than to be honored by our peers, we are grateful to be recognized with seven Loeb finalists and three Loeb winners,  all of them advancing the public interest.”

Here are the winners:

Profiting From Fallen Soldiers
by David Evans

(News Services category)

This series of stories, which appeared on Bloomberg News and in Bloomberg Markets Magazine, reveals how MetLife, Prudential and more than 130 life insurance companies have concocted a scheme to withhold — and profit from — $28 billion in death benefits owed to families of service members, government workers and millions of other Americans who had policies.  The stories resulted in almost immediate changes to U.S. government practices.

Education Inc.
by Daniel Golden, John Hechinger and John Lauerman

(Beat Reporting category)

A series of Bloomberg News articles revealed that for-profit colleges have mushroomed into a $30-billion-a-year industry at taxpayer expense by targeting vulnerable populations — disabled military and veterans, the homeless, immigrants and minorities — with misleading promises of low costs, online academic help, and lucrative jobs after graduation.

End of Life Warning at $618,616 Makes Me Wonder Was It Worth It
by Amanda Bennett and Charles R. Babcock
(Magazines category)

Amanda Bennett and Charles Babcock stepped into the middle of the health reform debate and spent more than eight months collecting the medical and insurance records associated with the 2007 cancer-caused death of Bennett’s husband. The result was a story that turned a personal tragedy into the exploration of the conflict between the deeply human impulse to save a loved one at all cost, and the price to society of doing so.  This story ran in Bloomberg Businessweek and on Bloomberg News.


Ty Trippet runs communications for Bloomberg News and Media Group