Does Michael Bloomberg Really Need a Newspaper?
Posted: 12/10/2012 | By: Adam Clark Estes | The Atlantic Wire
Michael Bloomberg's got a lot going on. He's the mayor of New York City, one of the most powerful cities on the planet. He owns 90 percent of the wickedly profitable media company that bears his name. He's number 10 on the Forbes 500 list. Can't he just quit while he's ahead?
Not a chance, suggests The New York Times. In a scoop that feels like it's stretching at times, The Times's Amy Chozick and Michael Barbaro make the case that Bloomberg is angling himself to make a bid for the Financial Times, the widely respected, pink-paged newspaper that says it's not for sale.