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.