Foreign media reported that former New York mayor and billionaire media tycoon Michael Bloomberg is planning to expand his media presence.

(AFP file photo)

[Financial Channel/Comprehensive Report] The US media "Axios" reported that the billionaire and media tycoon Michael Bloomberg (Michael Bloomberg), who was the mayor of New York, intends to acquire Dow Jones, the parent company of the Wall Street Journal (WSJ), or the Washington Post ( The Washington Post).

Sources told "Axios" that Bloomberg hopes to expand the media territory and believes that Dow Jones is the most ideal acquisition target, but if Bezos, the owner of the Washington Post and the founder of Amazon, intends to sell the Washington Post, he will choose to buy it. China Post.

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According to the report, if the heavyweight financial media Bloomberg (Bloomberg News) takes over Dow Jones, which owns the Wall Street Journal and Barron's (Barron's), it will create a financial news giant.

Dow Jones' parent is News Corporation, which is owned by media tycoon Rupert Murdoch.

Bloomberg is very familiar with Murdoch. Bloomberg believes that Murdoch's plan to merge News Corporation with its affiliate Fox Corporation will fail, which will bring him opportunities to expand his territory.

However, Bloomberg has not expressed the idea of ​​buying Dow Jones to Murdoch.

The source also pointed out that Bloomberg also felt that if Bloomberg News could be integrated with the Washington Post, it would completely strengthen Bloomberg News’ contact with the federal government, increase the weight of political news, and put pressure on the New York Times; but Bloomberg and Bezos The friendship is not deep, and this transaction is difficult.

Reuters disclosed that Bloomberg has not yet approached Murdoch, and a spokesman for the Washington Post also stressed that the newspaper will not be sold.

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