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Bloomberg L.P. is a privately held financial software, data and media company headquartered in New York City. Bloomberg L.P. was founded by Michael Bloomberg in 1981 with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar and a 30% ownership investment by Merrill Lynch. Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services and news to financial companies and organizations through theBloomberg terminal (via its Bloomberg Professional Service), its core money-generating product.[8] Bloomberg L.P. also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), a radio station (WBBR), websites, subscription-only newsletters and two magazines: Bloomberg Businessweek andBloomberg Markets.