Michael Bloomberg and Twitter CEO Jack Dorsey Launch 24-Hour Streaming News Channel

Twitter is launching a 24-hour streaming news channel in partnership with the Bloomberg Media, in a major expansion of the social media firm’s video operations, the two firms announced Monday.

The new streaming channel “will combine the vast global editorial and newsgathering capabilities of Bloomberg with the digital power of Twitter,” a joint statement.

Michael Bloomberg, the founder of the financial news and information service and a former New York mayor, joined Twitter chief executive Jack Dorsey at a New York media conference to make the announcement.

The streaming channel set to launch later this year will include user-generated content from Twitter which will be verified by Bloomberg editors, along with live video reporting from journalists at the news organization.

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