All the way back in February of this year, Michael Wolff speculated that Michael Bloomberg was considering purchasing The Financial Times. However, a spokesperson for the FT quickly shut the door on that, when he told us that the paper “is not for sale.” Then in October, more rumors about Pearson putting the salmon business paper on the block emerged. Now the New York Times is again bringing up the Bloomberg - FT connection.
Citing “three people close to Mr. Bloomberg,” the Times reports that Bloomberg — along with Reuters, which Wolff called as well — is weighing the pros and cons of buying the FT. Apparently Bloomberg has been caught appreciating the paper and its layout quite a few times, and in typical Bloomberg fashion, even joked about how he’s one of the few people who would even consider purchasing a newspaper in today’s digitally-focused world:
‘Someone said the only people buying newspapers these days are billionaires with egos,’ Mr. Bloomberg recalled. ‘And then he looked at me and said, ‘Like you, Mike.’
Hahahaha! That’s a good one.
Despite all these rumors about who is buying the FT, there’s still that tiny issue of it not being officially for sale. But typically, when this many people start talking about something, there is some truth to it. We’ll just have to wait and see what happens.