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Will Bloomberg need to sell off his media empire to run for U.S. President?
[Asia Times] White House bid puts focus on Bloomberg’s media. Former New York mayor might sell his data & news organization to avoid conflict.Michael Bloomberg’s likely run for the presidency would create a hornet’s nest of practical and ethical problems for his company, which as one of the world’s biggest news organizations would be thrust into coverage of its owner. A campaign could set up unusual challenges for the privately owned firm Bloomberg LP and its Bloomberg News division, which employs some 2,400 journalists, including 1,000 in Washington, and includes online and television media operations. While the news group managed Bloomberg’s tenure as New York mayor from 2002 to 2013 without any major incident, a presidential run, successful or not, would require a strict firewall, say media analysts. Posted by: 3dc 2019-11-16 |
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