Incipient Turf War Between Bloomberg and the Financial Times

Not the Institutional Investor story, Pearson blew that opportunity years ago—see after the jump—but rather Alphaville's David Keohane strolling insouciantly close to Matt Levine's "People are worried about bond market liquidity" 'hood.
First the set-up. Y'all ready for this?

From FT Alphaville:

Bond crash fear ascendant

This month’s competition to see who tops the table of definitionally problematic ‘tail risks’ in Bank of America’s fund manager survey has been won by “fear of a crash in bond markets”....

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As I was reading "Can Anyone Bury Bloomberg?"  what kept coming to mind was something Paul Murphy posted Dec.1, 2015, the day of the Nikkei/FT announcement, last seen in January's  "Possibly The Funniest (Profitable) Stock Recommendation of All Time".
BE is Bryce Elder, the world's greatest straight man:
...

PM

(If you look back to the late 90s, the FT had all the bits to construct Bloomgerg. )

PM

( Had a world class consumer offering in the form of the paper )

PM

(But it also had a newswire, and an online markets business — Market Watch.)

BE

Should we move on to other matters?

11:22AM

PM

(It had data, in the form of IDC)

PM

(Had Extel. Had what became factiva.)

PM

(Had a huge EM news business.)

BE

Okay …………. I think I have to do a quick bit of de-RAW here.

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BE

Coincidentally, we were chasing the same story from a slightly different angle.

BE

The rumour that reached us was that National Grid was working on a bid of around $45 a share for ITC …

PM

(People here complained of a lack of investment from Pearson. Investment??? They were sucking the life-blood out of the thing. )

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