ACP45 Loc: Rhode Island

"What happens when a billionaire finance and media mogul announces he is running for president? How does his media empire avoid running into countless conflicts of interest? Well, in the case of Bloomberg News, which is the sole domain of Michael Bloomberg who officially entered the 2020 p**********l race on Sunday morning, the company's editor-in-chief just announced that it will extend its long-running policy of not doing any investigative reporting on its owner to all of his Democratic competitors who are also running for president.

Or, as Bloomberg editor-in-chief John Micklethwait put it, "We cannot treat Mike's Democratic competitors differently from him."

And that's why handing America's free media into the hands of a handful of organizations and a few billionaires is generally a bad idea, because sooner or later one or all of them decide that the world will be better if they run it, and the conflicts of interest explode, which means far less coverage of precisely those who need the most investigation at precisely the most important time - just when they are about to be elected president."

https://www.zerohedge.com/economics/bloomberg-news-announces-it-will-no-longer-investigate-any-mike-bloombergs-democratic