OLD Media Moves

Bloomberg News staffers relieved, disappointed for owner

Michael Bloomberg

Brian Stelter of CNN examines how Bloomberg News journalists reacted to the company owner bowing out of the Democratic primary.

Stelter writes, “The unusual dynamic created tensions inside Bloomberg News, which were only amplified in recent weeks when Bloomberg the candidate gained in the polls. Bloomberg the newsroom started to discuss what it would be like to cover Bloomberg as president.

“We really do have a firewall with the campaign,’ said one journalist at Bloomberg News, who spoke about the boss on condition of anonymity.

“But the campaign created headaches because management imposed rules against investigating Michael Bloomberg and his Democratic rivals — and those rules were widely criticized by outside journalists and President Trump.

“Multiple staffers at Bloomberg News, speaking privately, said on Wednesday they were relieved to see Bloomberg’s campaign end.

“But relief wasn’t the only emotion at Bloomberg LP headquarters. The company employs thousands of people, and most have no connection to politics coverage. There are plenty of Bloomberg fans who wanted to see him do well, even if that meant a sale of the company. ‘People are disappointed for him,’ a veteran employee said.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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