Sun Dec 9, 2012, 11:23 PM
alp227 (29,508 posts)
Bloomberg Weighs Making Bid for The Financial Times
Not long ago, The Financial Times would have been the crown jewel of any media company, instantly conferring prestige and influence on its owner. Now, given the likely bidders, one of the world’s most respected and distinctive financial newspapers could end up as a trophy to help sell more computer terminals.
Michael R. Bloomberg is weighing the wisdom of buying The Financial Times Group, which includes the paper and a half interest in The Economist, according to three people close to Mr. Bloomberg who spoke on the condition of anonymity to divulge private conversations.
Mr. Bloomberg has long adored The Economist, and his affinity for the paper, at least as a reader, has deepened lately. Its bisque-colored pages, once rarely seen in the thick stack of newspapers Mr. Bloomberg carries under his arm all day, have become a mainstay. Friends say he favors its generally short, punchy and to-the-point articles, which match his temperament.
In October, Mr. Bloomberg visited the London headquarters of The Financial Times, a few blocks away from Bloomberg L.P.’s giant new London complex, which is still under construction. When an editor asked if he would buy the paper, Mr. Bloomberg replied, “I buy it every day.”
Read more: http://www.nytimes.com/2012/12/10/business/media/weighing-the-financial-timess-worth-in-the-digital-age.html?pagewanted=all
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Bloomberg Weighs Making Bid for The Financial Times (Original post)
Response to alp227 (Original post)
Sun Dec 9, 2012, 11:42 PM
Demeter (85,373 posts)
2. Why not just close them all down?
The Economist is propaganda. Bloomfield is generally factual. The Financial Times hides behind its firewall. The Wall Street Journal isn't fit to wrap fish in. The NYTimes is a chronically ill grey lady with a dicky heart.
The last thing any of them needs is to be combined with another.
Response to elleng (Reply #3)
Mon Dec 10, 2012, 06:27 AM
OKNancy (37,010 posts)
4. Right. I was going to write " it could be worse"
The only economic news I read is on the net ( Cnn money ) and I sometime watch financial news on the teevee.
Bloomberg is less rightish than even CNBC. I never watch Fox Financial, but we know it's point of view.
So, "better Bloomberg" seems about right.