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Tipsheet

Michael Bloomberg To Buy New York Times?

It would be a match made in heaven: amid multiple rounds of layoffs at the New York Times, New York Magazine is reporting that Michael Bloomberg has been idly speculating about buying the Grey Lady:
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Near the end of Bloomberg's time as mayor, he told Times chairman and publisher Arthur Sulzberger Jr. that he was interested in buying the Times, according to a source with direct knowledge of the conversation. Sulzberger replied that the paper was not for sale.

Bloomberg’s overture, previously unreported, might be one reason why talk of a Bloomberg-Times eventuality has flared up among insiders in the wake of the most recent round of Times’ layoffs. Given the fact that both sides vehemently deny that there have been recent conversations (Sulzberger “can’t remember the last time he spoke with Bloomberg,” said a spokesperson), this may very well be wishful — or apprehensive — thinking being played out in the echo chamber of media gossip.

But it does seem that Bloomberg is in fact interested in the Times and that his interest has not waned. "Mike has muttered a lot about the Times to a lot of people," a Bloomberg adviser told me.

The Republican-turned-independent-turned-gun-grabbing-activist would find a natural home at the New York Times. He already shares their progressive cosmopolitan worldview. Their editorial page might as well all be written by Bloomberg.

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