The British Invasion of news media. Michael Bloomberg has convinced the top dog of The Economist, the world’s premier business and political “newspaper”, to take the editorial reins at his financial data company. Bloomberg announced overnight that John Micklethwait, editor-in-chief of The Economist, will be replacing Matt Winkler, who created the Bloomberg News service for the group’s terminals almost 25 years ago.

It’s a move which will raise hackles among American journalists at the rising number of British media executives taking top jobs. Micklethwait joins former BBC head Mark Thompson who is running the New York Times Co; Gerard Baker, a former senior journalist with The Times and the Financial Times, who is now editor-in-chief of the Murdoch clan’s The Wall Street Journal; Will Lewis, another senior executive from The Telegraph in London and News International, who is now chief executive of the Murdochs’ Dow Jones and the former editor of ITV News Deborah Turness, who is now president of NBC News. Andrew Rashbass, a former chief executive of The Economist, now runs Canada’s Reuters News.