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Bloomberg Industry Group (formerly known as Bloomberg BNA, The Bureau of National Affairs, Inc., and BNA) is an affiliate of
Bloomberg L.P. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan (Bloomberg), Duncan MacMi ...
and a source of legal, tax, regulatory, and business information for professionals. It is headquartered in
Arlington County, Virginia Arlington County is a County (United States), county in the Virginia, Commonwealth of Virginia. The county is situated in Northern Virginia on the southwestern bank of the Potomac River directly across from the Washington, D.C., District of Co ...
. The CEO of the company is Josh Eastright. The company was founded in 1929 by David Lawrence and became employee-owned in 1947. When it was acquired by Bloomberg in September 2011, it was the oldest employee-owned company in the United States.


History


Early history (1929–2011)

The Bureau of National Affairs, Inc. (BNA) was founded in 1929 by newsman David Lawrence as a subsidiary of ''
United States Daily ''United States Daily'' (1926–1933) was an American newspaper founded in Washington, DC, by publisher David Lawrence (publisher), David Lawrence. History ''United States Daily'' started on March 4, 1926, noted ''Time (magazine)'' (a rival nat ...
'', now known as the '' U.S. News & World Report''. BNA's first publication was U.S. Patent, Trademark & Copyright Reports (now United States Patent Quarterly). In 1946, Lawrence sold BNA to five of his top editors: Dean Dinwoodey, John D. Stewart, Ed Donnell, Adolph Magidson and John Taylor. 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. Tax Management, Inc., a subsidiary of Bloomberg BNA, was founded in 1959 by Leonard Silverstein to provide tax analysis in the form of the Tax Management Portfolios. The company has published over 500 Portfolios and now offers research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. It offers federal, state, international tax and accounting services. Tax Management, Inc., is fully integrated into Bloomberg Industry Group and is based in Arlington, Virginia.


Recent history (2011–present)

On August 25, 2011, Bloomberg L.P announced it would purchase BNA for an estimated $990 million. 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 Government is a division of Bloomberg Industry Group that provides data-driven decision tools, news, and analytics in a digital workspace for professionals who influence government action. History Bloomberg Government launched in 2011 ...
,
Bloomberg Law Bloomberg Law is a subscription-based service that uses data analytics and artificial intelligence for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news ...
and
Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Televi ...
services and integrated BNA's vast databases and deep reporting of policy into its news and online products. In January 2014, Bloomberg BNA took over day-to-day operations of Bloomberg Law. On July 1, 2017, Bloomberg Government officially became part of Bloomberg BNA. On September 3, 2019 Bloomberg BNA changed its name to Bloomberg Industry Group.


Timeline

1926 – Publisher David Lawrence launches ''The United States Daily'', a daily newspaper of record covering the effects of government on business. 1929 – ''U.S. Patent, Trademark & Copyright Reports''; BNA’s first publication launched March 4 (today called ''
United States Patents Quarterly The ''United States Patents Quarterly'' (U.S.P.Q.) is a United States legal reporter published by the Bloomberg Industry Group in Washington, D.C. The U.S.P.Q. covers intellectual property cases including patents, copyrights, trademarks, and trade ...
''). 1933 – ''The United States Daily'' folds in the aftermath of President Franklin Roosevelt’s "
bank holiday A bank holiday is a national public holiday in the United Kingdom, Republic of Ireland and the Crown Dependencies. The term refers to all public holidays in the United Kingdom, be they set out in statute, declared by royal proclamation or held ...
;" converts into a weekly. ''The United States News'' - '' Law Journal'' launched (later ''U.S. Law Week'', under the BNA name). 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. 1947 – BNA begins operation as an employee-owned company under President Dean Dinwoodey; the
National Labor Relations Board The National Labor Relations Board (NLRB) is an independent agency of the federal government of the United States with responsibilities for enforcing U.S. labor law in relation to collective bargaining and unfair labor practices. Under the Na ...
certifies the
American Newspaper Guild The NewsGuild-CWA is a labor union founded by newspaper journalists in 1933. In addition to improving wages and working conditions, its constitution says its purpose is to fight for honesty in journalism and the news industry's business practices ...
as the bargaining agent for BNA employees (Bloomberg Industry Group employees are now covered by the Washington-Baltimore News Guild). 1959 – BNA subsidiary Tax Management, Inc. is founded. 1970 – ''Environment Reporter'' is launched eight days after the first Earth Day. 1984'' - BNA acquired the legal publisher Pike & Fisher. 1993 – BNA's Health Care Publishing Division is launched. 2007 – BNA moves corporate headquarters from the West End of Washington, DC to
Arlington, Virginia Arlington County is a county in the Commonwealth of Virginia. The county is situated in Northern Virginia on the southwestern bank of the Potomac River directly across from the District of Columbia, of which it was once a part. The county is ...
. 2011 – Bloomberg L.P. announces intent to purchase BNA for an estimated $990 million. 2012 – Bloomberg L.P. announces appointment of Greg McCaffery as CEO and President of Bloomberg BNA. 2014 –
Bloomberg Law Bloomberg Law is a subscription-based service that uses data analytics and artificial intelligence for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news ...
becomes part of Bloomberg BNA. 2017 –
Bloomberg L.P. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan (Bloomberg), Duncan MacMi ...
announces that
Bloomberg Government Bloomberg Government is a division of Bloomberg Industry Group that provides data-driven decision tools, news, and analytics in a digital workspace for professionals who influence government action. History Bloomberg Government launched in 2011 ...
will become part of Bloomberg BNA. 2019 – Bloomberg BNA announces name change to Bloomberg Industry Group.


Products and services

Bloomberg Industry Group produces news publications in a broad array of topics. The company offers solutions to practitioners in the areas of law, tax and accounting, government affairs, government contracting, and environment, health and safety. The company's network of more than 2,500 reporters, correspondents, and leading practitioners publish practical analysis, news, practice tools, and guidance.


Legal and Bloomberg Law

Bloomberg Law Bloomberg Law is a subscription-based service that uses data analytics and artificial intelligence for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news ...
is a subscription-based product for online legal research. The platform, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news to attorneys, law students, and other legal professionals. The service integrates Bloomberg L.P. news with Bloomberg BNA's primary and secondary legal content and business development tools, as well as tools to analyze case law, corporate representation, and judicial history. Features include Litigation and Dockets, Legal and Financial Analytics, Business Development Center, Practice Tools and News and Law Reports. In 2014, Bloomberg Law moved under the umbrella of Bloomberg Industry Group.


Tax, Accounting, and Payroll

Bloomberg Industry Group provides tax guidance resources to accounting, corporate and legal professionals that specialize in
tax planning Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdic ...
and compliance. As part of many of its tax and accounting research products, Bloomberg Industry Group offers more than 500 "Tax Management Portfolios" written by outside practitioners on key tax planning, transactional, jurisdictional, or financial accounting issues. Each Portfolio includes an analysis of the alternative approaches to a certain issue, worksheets and a practice tools section, sample forms, primary sources and a bibliography. Bloomberg Industry Group serves the professional payroll marketplace through products such as Payroll Administration Guide and Bloomberg Tax & Accounting's International Payroll Country Primers. The company's payroll products include news on U.S. and international payroll developments, strategic white papers, and customized research answers.


Government Affairs and Government Contracting

Bloomberg Industry Group offers news, information, and analytics to government affairs and government contracting professionals through Bloomberg Government.


Corporate citizenship

Bloomberg Industry Group provides support to a variety of charities and community organizations, including Arlington Food Assistance Center,
DC Central Kitchen DC Central Kitchen is a nationally recognized "community kitchen" that recycles food from around Washington, D.C., and uses it as a tool to train unemployed adults to develop work skills while providing thousands of meals for local service agenc ...
,
Martha's Table Martha's Table (founded in 1980) is a non-profit organization, an active charity and volunteer center in the Washington, D.C. area. History Martha's Table started in 1980 as a safe place for children to receive free sandwiches and food after ...
, and Humane Rescue Alliance. It supports the
Legal Aid Society of the District of Columbia The Legal Aid Society of the District of Columbia is the oldest and largest civil legal aid organization in Washington, D.C. Created in 1932, the Legal Aid Society provides representation and legal services to indigent residents of the District ...
by offering complimentary access to Bloomberg Law. Michael Bloomberg, the founder of Bloomberg Industry Group's parent company formed the charitable foundation Bloomberg Philanthropies in 2006. According to the organization's mission statement,
Bloomberg Philanthropies Bloomberg Philanthropies is a philanthropic organization that encompasses all of the charitable giving of founder Michael R. Bloomberg. Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environmen ...
focuses on public health, environment, education, government innovation and the arts.


Notable products and publications

*
Bloomberg Law Bloomberg Law is a subscription-based service that uses data analytics and artificial intelligence for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news ...
*
Bloomberg Government Bloomberg Government is a division of Bloomberg Industry Group that provides data-driven decision tools, news, and analytics in a digital workspace for professionals who influence government action. History Bloomberg Government launched in 2011 ...
* Daily Tax Report * Daily Labor Report * Environment & Energy Report * Occupational Safety & Health Reporter * Tax Management Portfolios *
United States Patents Quarterly The ''United States Patents Quarterly'' (U.S.P.Q.) is a United States legal reporter published by the Bloomberg Industry Group in Washington, D.C. The U.S.P.Q. covers intellectual property cases including patents, copyrights, trademarks, and trade ...
* United States Law Week


References

{{Authority control Companies based in Arlington County, Virginia Publishing companies of the United States Publishing companies established in 1929 1929 establishments in the United States Bloomberg L.P.