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

This appeared in The Millennial Source

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?

John Micklethwait, Bloomberg News’s editor-in-chief, released a memo stating the company’s position at the outset of its co-founder’s decision to run. “We will describe who is winning and who is losing,” Micklethwait wrote. “We will look at policies and their consequences. We will carry polls, we will interview candidates and we will track their campaigns, including Mike’s (Michael). We have already assigned a reporter to follow his campaign (just as we did when Mike was in City Hall). And in the stories we write on the presidential contest, we will make clear…