OLD Media Moves

Bloomberg founder focuses on news in return

January 17, 2014

Posted by Chris Roush

Nathaniel Popper of the New York Times writes about Michael Bloomberg’s interest in the news operation at the company he founded and returned to this month after being mayor for 12 years.

Popper writes, “Just two week’s removed from City Hall, and in his first days back at the media giant that he owns and that carries his name, Mr. Bloomberg surprised many employees by showing up at all of the 7:30 a.m. meetings where the day’s big journalistic decisions are made.

“At the gatherings, in a glass-walled conference room, he spoke up to indicate what coverage interested him, like the traffic scandal involving Gov. Chris Christie in New Jersey and the romantic problems of the French president, François Hollande, and what did not, like the suspension of Alex Rodriguez from baseball, according to three people briefed on the meetings.

“This is not what employees at the company had expected upon Mr. Bloomberg’s return after three terms as the mayor of New York City. While in office, Mr. Bloomberg said publicly that he would never go back to running his old company. And only a few months ago, the company’s chief executive, Daniel L. Doctoroff, said in an interview that Mr. Bloomberg did not want ‘to get involved in the day-to-day at all.’

“Mr. Bloomberg’s dive back into the news side of the organization has not only caught employees by surprise, but it has also worried some that the division’s editorial independence could be called into question. Generally, the owners of news organizations try to avoid any appearance of influencing coverage, particularly when they have political affiliations.”

Read more here.

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