Bloomberg Interested In Buying 'Wall Street Journal' or 'Washington Post': Reports
- by Ray Schultz , December 24, 2022
Michael Bloomberg, 80-year-old media magnate and former New York City mayor, is interested in acquiring either Wall Street Journal parent Dow Jones or The Washington Post, Axios reports.
The Journal would be acquired by Bloomberg L.P. from Rupert Murdoch’s News Corp., and the Post from owner Jeff Bezos.
Reuters reports that Bloomberg has not approached Murdoch. And the Washington Post says it is not for sale.
Still, sources close to Bloomberg say he is interested. And combined with the Bloomberg Terminal, such a purchase would create “an unparalleled business news behemoth,” Axios writes.
A merger with Dow Jones, which also owns Barrons and MarketWatch, would probably also draw antitrust scrutiny, the reports state.
Bloomberg, the three-term New York mayor who briefly ran for U.S. president, is still focused on politics, and supported anti-Trump Democratic candidates in 2020. His personal fortune is estimated at $76.8 billion.
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The Post does seem more in Mr. Bloomberg's realm if Bezos really wants to unload.
But the money, margins, influence that scales B2B finance/biz/ and B2C in te ancillary content like WSJ Journal which is secondary...is superior...the data play unparalled...and cuts of it monetized further by the tried and true point of.....advertising...now called "brand partnerships"....WSJ would also launch into streaming TV like BB....its monumental on all sides of a long conference room table.