Bloomberg News reveals role it will play during co-founder’s presidential campaign

This appeared in The Millennial Source

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Billionaire Michael Bloomberg’s announcement that he is seeking the Democratic presidential nomination has left many wondering what role his media corporation, Bloomberg L.P., might play in the race. Bloomberg told an Iowa radio host last year that he would sell his media company were he to run, explaining that in a situation such as this, a media company “can’t be independent and nobody’s going to believe that you’re independent.”

However, to date, Bloomberg has maintained his stake in Bloomberg L.P. and doesn’t appear likely to sell anytime soon.

What position has the company taken?

The memo goes on to state that Bloomberg News will not be conducting in-depth investigations into Bloomberg’s campaign, nor those of his Democratic rivals. Furthermore, Bloomberg Opinion will suspend publication of unsigned editorials while Bloomberg is a candidate — as such editorials have been presumed to reflect the opinions of Bloomberg himself, and a number of the newsroom’s editorialists will take leaves of absence to join Bloomberg’s campaign.

How has the Trump campaign responded?

President Trump chimed in with a Twitter post in which he called Bloomberg News a “third rate news organization” and added that it was “not O.K.!” for the media company to refuse to investigate his Democratic presidential rivals.

What impact are we seeing on the race?

It’s still early, but a new Hill-HarrisX poll shows Bloomberg in fifth place with 6% — ahead of many within the Democratic field but still several points behind the leaders. The Bloomberg campaign plans to be investing heavily in the weeks leading up to the Iowa caucuses on February 3, when the first votes will be cast in the 2020 Democratic primary.

Originally published at on December 5, 2019.

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