“I am not a newspaper person.“
Could New York Mayor Michael Bloomberg someday become New York Times Publisher Michael Bloomberg? (pictured on left, with Pope Benedict)
While it’s not a new idea, most media outlets — present company included — are all abuzz over the idea, and it has been reported that aides are whispering to Bloomberg he should merge Bloomberg LP, the financial news organization he created, with the Times.
The new smolderings come as the paper’s parent company feels pressure from dissident shareholders to spark advertising sales and dump assets to bolster its share price.
The press excitement is partly fed by the wrestlemania-ish notion of a Bloomberg-run media empire tackling Rupert Murdoch’s media kingdom. Murdoch himself has made no secret about giving the Times a run for its audience with the beefed up political news now appearing in his Wall Street Journal.