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Traffic passes by the office tower which houses the offices of Bloomberg L.P., in New York. | Getty Bloomberg fires digital editor Josh Topolsky

Joshua Topolsky, the top digital editor at Bloomberg, has been fired from the company due to Michael Bloomberg's frustration with the website, sources with knowledge of his departure told the On Media blog on Friday.

Bloomberg, a notorious micro-manager, had been fighting with Topolsky for months about the direction of the website, which had been relaunched under Topolsky's leadership in January, company sources said. Topolsky was hired late last year from The Verge, a tech news site he co-founded in 2011, to spearhead Bloomberg Digital and oversee the relaunch.

In recent weeks, the disagreements between Bloomberg and Topolsky hit a fever pitch, sources there said. This week, Bloomberg finally declared that he no longer wanted to work with Topolsky and demanded that he be moved off the Digital team. Topolsky agreed to leave on Thursday, though he will stay at Bloomberg offices until next week, when the company is expected to make a formal announcement.

Topolsky's departure is the latest high-profile shakeup to hit the media company since its founder, the former New York City Mayor, returned to take the reins. Bloomberg has wielded extraordinary influence over his media project, down to editorial and design details. Shortly after his return, he hired a new editor-in-chief -- John Micklethwait, of The Economist -- in the hopes that he could bring organization and cohesion to the massive company. He also reined in Josh Tyrangiel, the head of consumer-facing content, who was building his own fiefdom within the company.

Both Topolsky and a Bloomberg spokesperson declined to comment.

In yet another blow to the company, Bloomberg political reporter Dave Weigel announced earlier this week that he would be leaving for The Washington Post. Weigel was part of the Bloomberg Politics project led by "Game Change" co-authors Mark Halperin and John Heilemann. Several sources have told the On Media blog that Bloomberg (the man) holds a similarly negative opinion of that project and of its related Bloomberg Television show, "With All Due Respect."

UPDATE (11:27 p.m.): A Bloomberg spokesperson forwarded statements from Topolsky, Micklethwait, and Bloomberg Media CEO Justin Smith late Friday morning that cast the departure as an amicable and mutually agreed-upon decision.

In his statement, Topolsky said that "after many discussions with Justin and John, it was clear that whatever I did next, I needed to do on my own." Smith said Topolsky "did exactly what we hired him to do," while Micklethwait called him "one of the most creative digital journalists that I have met."

"He has done a wonderful job for us in launching Bloomberg Business - the numbers speak for themselves - and he has remained a consistent innovator," Micklethwait said. "Only yesterday afternoon, as we looked at new versions of the home page we had worked on together, it was hard not be struck by his inventiveness and flair. We wish him well in his new endeavours."