Friday, Dec 20, 2024

Michael Bloomberg reportedly wants to buy either Rupert Murdoch's WSJ or Jeff Bezos' Washington Post

Michael Bloomberg could buy Wall Street Journal parent Dow Jones or Jeff Bezos' Washington Post, Axios reports.
  • Michael Bloomberg wants to expand his media empire with either Dow Jones or The Washington Post, Axios reports.
  • The former is owned by Rupert Murdoch, and the latter by Amazon founder Jeff Bezos.
  • Dow Jones is the parent company of publications like The Wall Street Journal and Barron's.

Billionaire Michael Bloomberg is reportedly eyeing a purchase of either the Rupert Murdoch-owned publisher of the Wall Street Journal — Dow Jones — or the Jeff Bezos-owned Washington Post.

Axios reported on Friday that Bloomberg, who owns the Bloomberg media outlet, wants to buy one of his fellow billionaires' media companies. He reportedly sees a Dow Jones purchase as the stronger option.

Dow Jones, which is owned by Murdoch's News Corp, is the parent company of such publications as the Journal, Barron's, and MarketWatch.

Representatives for Murdoch and Bezos did not immediately return requests for comment from Insider. News Corp declined to comment to Axios. A spokesperson for the Post told Axios: "The Post is not for sale."

Bloomberg has yet to approach Murdoch about his interest, according to Axios.

But he is also interested in The Washington Post and sees the combined force of Bloomberg and the Post as a serious competitor to The New York Times, according to Axios. The Amazon founder bought the Post in 2013.

The purchase of either would give Bloomberg an even more substantial media empire at a time when some media companies are struggling ahead of a potential economic downturn. The Post announced last week that it would cut some jobs in early 2023.

Read the original article on Business Insider
------------
Read More
By: [email protected] (Travis Clark)
Title: Michael Bloomberg reportedly wants to buy either Rupert Murdoch's WSJ or Jeff Bezos' Washington Post
Sourced From: www.businessinsider.com/bloomberg-eyeing-murdochs-wsj-dow-jones-bezos-wapo-report-2022-12
Published Date: Fri, 23 Dec 2022 14:37:38 +0000