Who Would Buy Bloomberg Media if Bloomberg Becomes President – and for How Much?

Former New York City mayor Michael Bloomberg’s campaign has been clear that if he is elected president, he plans to sell his namesake Bloomberg Media. But it’s less clear who would be prepared to purchase the privately owned business-news giant — and for how much. “There will be no confusion about any of his financial holdings blurring the line between public service and personal profiteering,” Bloomberg campaign adviser Tim O’Brien told Christiane Amanpour Tuesday on CNN before pivoting to swipe at President Donald Trump: “We will be 180 degrees away from where Donald Trump is on these issues because Donald Trump is a walking financial conflict of interest.” Experts interviewed by TheWrap suggested that the price tag could be between $50 billion and $75 billion. Bloomberg Media brought in about $10 billion in revenue last year, according to an estimate provided by Burton-Taylor International Consulting, a division of TP ICAP; the lion’s share of its sales stems from its terminals, which run between $20,000-24,000 per year. As a result, there should be “plenty of potential buyers” if the former mayor decides to sell, Gabriel Kahn, head of Media, Economics and Entrepreneurship program at USC Annenberg, told TheWrap. The former mayor...

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