Media Maneuvers: President Bloomberg to Sell Bloomberg LP

Michael Bloomberg

Michael Bloomberg’s campaign says that if Bloomberg is elected president, he plans to sell Bloomberg LP as well as releasing his tax returns. In an interview with CNN’s Christiane Amanpour, campaign adviser Tim O’Brien said: "there will be no confusion about any of his financial holdings blurring the line between public service and personal profiteering." Bloomberg has come under fire from several of his competitors in the campaign over his finances, with much of the controversy stemming from the estimated $400 million Bloomberg has spent on advertising. According to the Financial Times, Bloomberg owns 88 percent of the financial data company he founded in 1981. With around 325,000 subscribers paying $24,000 a year for its services, the company raked in about $10.5 billion in revenue last year, up 5.7 percent over the previous year, the FT reported.

Andrew Yang

Andrew Yang has signed on as a political commentator for CNN following his exit from the race for the Democratic presidential nomination after his poor showing in the New Hampshire primary. Yang’s first appearance on the network will be during the Feb. 19 debate in Las Vegas. “Will be on @CNN tonight to talk about the debate!” Yang said in a Tweet. “Maybe I’ll wear a tie.” Most of the attention that his campaign received stemmed from what was known as the Freedom Dividend, a guaranteed $1,000 per month universal basic income.

While American Media’s sale of The National Enquirer to Hudson News chief executive Jimmy Cohen, remains on hold, the company has unloaded its stable of fitness-related magazines, according to a report in the New York Post. Those titles include Muscle & Fitness, Flex and Muscle & Fitness Hers—all of which will transition to digital-only publications. The deal also entails the company’s bodybuilding trade show business. The buyer is Jake Wood, owner of the women’s bodybuilding show Wings of Strength. A source close to the sale told the Post that the price tag for the deal was approximately $70 million.