MEDIA

Denied Once Already, Michael Bloomberg Reportedly Still Interested In Purchasing The New York Times

FILE - In this Tuesday, Sept. 16, 2014 file photo, former New York Mayor Michael Bloomberg smiles prior to be conferred with
FILE - In this Tuesday, Sept. 16, 2014 file photo, former New York Mayor Michael Bloomberg smiles prior to be conferred with the Chevalier de la Legion d'Honneur by France's Foreign minister Laurent Fabius, at the Quai d'Orsay, in Paris. Michael Bloomberg is a knight _ but he won’t be Sir Mike. Britain's Queen Elizabeth II has bestowed an honorary knighthood on the billionaire businessman and former New York mayor. The British government said Monday, Oct. 6, 2014, that Bloomberg was made "an Honorary Knight of the Most Excellent Order of the British Empire" in recognition of his "prodigious entrepreneurial and philanthropic endeavors" and his work to strengthen trans-Atlantic ties. (AP Photo/Thibault Camus, File)

Michael Bloomberg, the former mayor of New York City and founder of Bloomberg L.P., might be trying to add "owner of The New York Times" to his already extensive resume.

Citing an anonymous source with "direct knowledge of the conversation," New York magazine's Daily Intelligencer reports that Bloomberg once told Times chairman and publisher Arthur Sulzberger Jr. that he was interested in purchasing the publication. Though Sulzberger declined the offer, the Daily Intelligencer points out that rumors of a Bloomberg-Times partnership has long been a topic of conversation in media circles. Such a venture could possibly solve the Times' financial woes following the latest round of buyouts and layoffs at the paper.

Bloomberg L.P. and The New York Times both declined requests for additional comment from The Huffington Post.

According to the Daily Intelligencer, Bloomberg's interest in acquiring the paper "has not waned" over the years, with an anonymous Bloomberg adviser stating that "Mike has muttered a lot about The Times to a lot of people."

For the full story, head over to Daily Intelligencer.

CONVERSATIONS