Bureau of National Affairs

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Bloomberg BNA
Type Wholly owned subsidiary
Industry Legal & business news
Founded 1929 (1929)
Founders David Lawrence
Headquarters Arlington, Virginia, US
Owners Bloomberg L.P.
Employees 1,000+
Website BNA.com

Bloomberg BNA, formerly known as The Bureau of National Affairs, Inc. and BNA, is a wholly owned subsidiary of Bloomberg L.P. that publishes specialized online and print news and information for professionals in business, law and government. It is headquartered in Arlington, Virginia.[1]

BNA was founded in 1929 by David Lawrence[2] and from 1946 until 2011 was the oldest employee-owned company in the United States.[3] BNA was acquired by Bloomberg L.P. in September 2011.[4]

History[edit]

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BNA was founded in 1929 by newsman David Lawrence as a subsidiary of United States Daily, now known as the US News & World Report.[5] BNA's first publication was U.S. Patent, Trademark & Copyright Reports (now United States Patent Quarterly).[2] In 1946, Lawrence sold BNA to five of his top editors: Dean Dinwoodey, John D. Stewart, Ed Donnell, Adolph Magidson and John Tyler.[6] The editors opened up ownership to the rest of their BNA colleagues and from 1947 until 2011, the company was owned entirely by current and former employees.[3]

On August 25, 2011, Bloomberg L.P announced it would be purchasing BNA for an estimated $990 million.[4] The transaction closed in late September 2011 at which time Bloomberg paid $39.50 a share in cash through a tender offer to BNA's employee-owners. Bloomberg purchased BNA to bolster its existing Bloomberg Government, Bloomberg Law and Bloomberg News services.[7]

Timeline[edit]

1926 - David Lawrence (publisher) launches United States Daily.

1929 - U.S. Patent, Trademark & Copyright Reports; BNA’s first publication launched March 4 (today called United States Patents Quarterly).

1933 - United States Daily folds in the aftermath of President Franklin Roosevelt’s "bank holiday;" converts into a weekly. The United States News - Law Journal launched (later changed to U.S. Law Week).

1941 - Daily Report on Price and Production Controls begins in April; it is the only privately produced publication to receive an unlimited allocation of paper during World War II.[citation needed]

1957 - The National Labor Relations Board certifies the American Newspaper Guild as the bargaining agent for BNA employees (BNA employees are now covered by the Washington-Baltimore Newspaper Guild).

2007 - BNA moves to Arlington, Virginia.

2011 - Bloomberg L.P. announces intent to purchase BNA for an estimated $990 million.

Services[edit]

BNA produces more than 350 news publications in a broad array of topics.[8] The company's network of more than 2,500 reporters, correspondents, and leading practitioners performed practical analysis, news, practice tools, and guidance.[9] BNA's research and data division offers custom research, data and document retrieval services. Information compiled by BNA's reporters and analysts is available to Bloomberg Government and Bloomberg Law subscribers.

Corporate awards[edit]

BNA was named one of the "100 Best Companies to Work For" by Fortune in 1990, 1998 and 2000.[10][11] In 1990, BNA was selected by Working Mother magazine as one of the "100 Best Companies for Working Mothers,” an award it would also receive the next eight years.[12] In 1999, BNA was listed by The Washingtonian magazine as one of the "Best Companies to Work for in Washington”.[12] BNA was given the Business Ethics Award for Employee Ownership by Corporate Responsibility magazine in 2000.[13]

Notable publications[edit]

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Subsidiary companies[edit]

References[edit]

  1. ^ Thomson, Amy (25 August 2011). "Bloomberg Agrees to Buy Bureau of National Affairs for About $990 Million". Bloomberg. Retrieved 23 April 2013. 
  2. ^ a b "Milestone 1920s-1930s". Bloomberg BNA. Retrieved 12 December 2011. 
  3. ^ a b "BNA Announces Corporate Restructuring, New Officers". Bloomberg BNA. 28 April 2009. Retrieved 23 April 2013. 
  4. ^ a b Roose, Kevin (25 August 2011). "Bloomberg L.P. To Buy BNA for $990 Million". The New York Times. Retrieved 12 December 2011. 
  5. ^ "Magazine Founder Dies". Lewiston Morning Tribune. 12 February 1973. Retrieved 12 December 2011. 
  6. ^ "Milestones 1940s-1950s". Bloomberg BNA. Retrieved 23 April 2013. 
  7. ^ Douglas, Danielle (25 August 2011). "Bloomberg snags BNA for $990M". The Washington Post. Retrieved 12 December 2011. 
  8. ^ Summers, Nick (21 November 2011). "Bloomberg's Plan for World Domination". Newsweek. Retrieved 12 December 2011. 
  9. ^ Network
  10. ^ Levering, Robert; Milton Moskowitz; Maura Griffin Solovar (12 January 1998). "The 100 Best Companies To Work For In America". CNN Money. Retrieved 5 January 2012. 
  11. ^ Levering, Robert; Milton Moskowitz; Feliciano Garcia; Karen Vella-Zarb (10 January 2000). "The 100 Best Companies To Work For". CNN Money. Retrieved 5 January 2012. 
  12. ^ a b "Milestones 1980s-1990s". Bloomberg BNA. Retrieved 9 January 2012. 
  13. ^ "Business Ethics Annual Award Winners: 1989-2006". Corporate Responsibility Magazine. Retrieved 12 December 2011. 

External links[edit]