Bloomberg’s Big Gamble
Rumor has it that the 76‑year‑old billionaire Michael Bloomberg might be ready to offload his news empire if he decides to toss his hat into the presidential race.
The Dilemma
- Sell It. He says he’d probably pay a good price and hand the reins over.
- Blind Trust. He could freeze the company so it doesn’t favour any of his campaign agendas.
In a relaxed chat with Radio Iowa, he mused, “I think at my age, if selling it is possible, I would do that.” That’s a pretty busy check‑mark on the “aging billionaire” to “get out of politics.”
The Official Silence
Bloomberg LP was tight‑lipped about the rumor, going silent.
Will the former mayor of New York sell his newsroom or hand it over to a trust? Only the next election will tell. Until then, stay tuned!
