Bloomberg News Staffers Were Relieved When Its Owner Dropped His Campaign

NEW YORK, NEW YORK - MARCH 04: Former Democratic presidential candidate Mike Bloomberg addresses his staff and the media after announcing that he will be ending his campaign on March 04, 2020 in New York City. Bloomb... NEW YORK, NEW YORK - MARCH 04: Former Democratic presidential candidate Mike Bloomberg addresses his staff and the media after announcing that he will be ending his campaign on March 04, 2020 in New York City. Bloomberg, who has endorsed Joe Biden, spent millions of dollars in his short lived campaign for president. (Photo by Spencer Platt/Getty Images) MORE LESS
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Bloomberg News staffers reportedly felt a sense of relief when the former New York City mayor announced Wednesday morning that he was suspending his presidential campaign.

According to a CNN report Wednesday, tensions flared up within Bloomberg News as its journalists were assigned to cover their boss’ presidential campaign. When Bloomberg gained traction in polls, the newsroom began having discussions regarding what its coverage would look like under a Bloomberg presidency.

“We really do have a firewall with the campaign,” one journalist at Bloomberg News told CNN.

However, CNN noted that the campaign caused frustration due to management’s rules that prevented investigation into Bloomberg himself and his Democratic rivals.

Multiple Bloomberg News staffers privately told CNN Wednesday that they had no qualms with Bloomberg’s campaign suspension announcement.

In a memo to staff Wednesday, Bloomberg News editor-in-chief John Micklethwait wrote that the newsroom will return to its “normal coverage” of the presidential race.

“Now that Mike has said he is leaving the race for President, we will return to our normal coverage of the election; we will follow exactly the same coverage rules for the Democratic presidential candidates and President Donald Trump,” Micklethwait wrote in the memo. “We will disclose Mike’s financial support for other Democrats — just as we have always done where his financial support for political causes is relevant to our reporting.”

Read CNN report here.

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Notable Replies

  1. I hope Mr. Bloomberg was serious about putting a lot of his personal bucks behind Biden. Bernie shouldn’t have been so dismissive (and rude) to Bloomberg with his offer. We are in a state of crisis and need all the strong assistance any of us is willing to offer (obviously with no strings attached, etc.).

  2. Bloomberg News Staffers Were Relieved When Its Owner Dropped His Campaign

    Campaign staffers too!

  3. Avatar for noonm noonm says:

    I don’t know about that. Humoring a billionaire’s ego while cashing his checks sounded like a pretty cushy job to me.

  4. My problem with Bloomberg is that he’s not loyal, I’m a Dem, now I’m a Repub, and now I’m a savior. Pick a party, work within the system, and yes NYC is big and diverse but there’s a whole lot of country that isn’t NYC, and not as diverse.

  5. Wall Street thinks Biden will be wonderful for health care stocks:

    Tuesday’s primary results sent health-care stocks flying. The S&P health care sector surged 5.8%, posting its best day since 2008. UnitedHealth and Centene jumped 10.7% and 15.6%, respectively. Shares of UnitedHealth had their biggest one-day gain since 2008.

    Those are some awesome gains because health-care stocks generally don’t get hit as bad in a correction. They tend to be safe havens unless they miss their numbers.

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