×
You will be redirected back to your article in seconds

Michael Bloomberg Considers Presidential Bid

Michael Bloomberg, the billionaire media chieftain and former mayor of New York, is considering an independent presidential bid, according to The New York Times, Politico and other media outlets.

Bloomberg, 73, is said to be weighing a candidacy over concerns that candidates in both parties are not talking to the center of the electorate or of bipartisan solutions. He is said to be looking at an early March deadline for deciding whether to run, according to The New York Times. He reportedly would be willing to spend up to $1 billion on a presidential run.

A spokeswoman for Bloomberg declined to comment. But aides to Bloomberg, who returned to head Bloomberg LP in 2014, have retweeted the New York Times story.

Bloomberg considered an independent presidential bid in 2008, a year after he switched his party affiliation from Republican to independent, but ultimately decided against it as the race shaped up as a campaign against Barack Obama and John McCain. Bloomberg endorsed Obama’s reelection in 2012.

But so far, the Republican primary is being led by Trump, who has appealed to disaffected voters with a mixture of populist anger and nativist rhetoric. Bloomberg has long been a champion of comprehensive immigration reform, stricter gun regulations and action on climate change, all issues that have been non-starters so far in the GOP primary.

On the Democratic side, polls show Bernie Sanders leading in New Hampshire and even in Iowa in some surveys, with a left-leaning message focused on corruption on Wall Street, a sector that helped drive the tremendous growth of Bloomberg’s media business. Bloomberg also is said to have concerns that Clinton has veered too far to the left and is beset by questions of her use of a private email server.

Bloomberg was a Republican when first elected mayor of New York in 2001, but switched his affiliation to independent in 2007. That came a day after attending a conference in Los Angeles on the importance of centrist politics and bipartisanship.

If he were to run, and Clinton and Trump were the Democratic and Republican nominees, it would pit three New Yorkers against each other. Each of the candidates also has extensive ties to the entertainment industry and media business. A Bloomberg candidacy could peel away some support, particularly from Clinton, although Bloomberg’s ability to self-finance would ease the awkwardness of having his supporters publicly disclosed on Federal Election Commission campaign finance reports.

Recent cycles have seen efforts to recruit a candidate to run a centrist campaign, only to fizzle. No independent has won the presidency, a testament to dominance of the two-party system.

Rupert Murdoch weighed in on the potential candidacy via Twitter, saying, “Seems 2016 the year for populists.”

More Biz

  • Martin Bandier to Be Honored at

    Martin Bandier to Be Honored at Songwriters Hall of Fame Ceremony

    Martin Bandier, outgoing chairman and CEO of Sony/ATV Music Publishing, will be awarded the Visionary Leadership Award at the 50 th Annual Songwriters Hall of Fame Induction and Awards Dinner. The ceremony will take place on Thursday, June 13 at the Marriott Marquis Hotel in New York City. According to the announcement, the Visionary Leadership Award “acknowledges a member of the Songwriters Hall of Fame Board [...]

  • Hong Kong Disneyland Remains in the

    Hong Kong Disneyland Remains in the Red but Reduces Losses

    The Hong Kong Disneyland Resort theme park remained in the red for the fourth straight year, but there are signs of improvement. For the financial year to end-September 2018, HKDL reported $769 million (HK$6 billion) of revenue from 6.7 million visitors, an increase of 8%. Net losses fell from $32 million (HK$291 million) to $6.92 [...]

  • Lisa Borders Time's Up

    Time's Up President Lisa Borders Resigns

    Lisa Borders has resigned as president of Time’s Up, she and the organization announced on Monday. Borders is resigning due to family issues, she said in a statement. Time’s Up COO Rebecca Goldman will now serve as interim CEO. “As Time’s Up continues to grow, I am proud of the work I have done to [...]

  • Jussie Smollett Good Morning America

    Jussie Smollett Angrily Denies Complicity in Attack

    Attorneys for “Empire” actor Jussie Smollett issued a statement Saturday denying that he orchestrated his Jan. 29 assault, and saying he is “angered” and “devastated” by recent developments in the case. Chicago police want to interview Smollett, after learning new evidence from two Nigerian brothers who were released on Friday night. Local media outlets have [...]

  • Walt Disney Archives Founder Dave Smith

    Walt Disney Archives Founder Dave Smith Dies at 78

    Walt Disney Archives founder Dave Smith, the historian who spent 40 years cataloging and preserving the company’s legacy of entertainment and innovation, died Friday in Burbank, Calif. He was 78. Smith served as Disney’s chief archivist from 1970 to 2010. He was named a Disney Legend in 2007 and served as a consultant to the [...]

  • Colin Kaepernick Kneel

    Colin Kaepernick, Eric Reid Reach Settlement With NFL

    Colin Kaepernick and Eric Reid, two football players who alleged the National Football League colluded to oust them from the game after they started kneeling in protest of racial inequality during the playing of the national anthem, have reached a settlement in the matter, according to a statement from the sports organization and lawyers representing [...]

  • R. Kelly

    R. Kelly Could Be in ‘Big Trouble’ Over Alleged New Sex Tape, Attorney Says

    Strong allegations of sexual misconduct have followed R. Kelly for 25 years, but the singer has always managed to slip free. Yet reports that a videotape of him sexually assaulting an underage girl, combined with the outcry surrounding the Lifetime documentary “Surviving R. Kelly,” means that public sentiment, at the very least, is definitely not [...]

More From Our Brands

Access exclusive content