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May 14, 2008

Bloomberg ready for something big?

Marketwatch columnist Jon Friedman wonders if Bloomberg could be setting itself up to buy The New York Times.
That's apparently the buzz circulating with the insiders.
From the story:
"It was big news when Bloomberg announced Monday that Norman Pearlstine, a senior adviser at the Carlyle Group, had joined the company as chief content officer. After all, Pearlstine had been the top news executive at Time Inc. and The Wall Street Journal.
But Pearlstine's newly created position may be a precursor to an even bigger story involving the powerful information and news company, which was founded by New York Mayor Michael Bloomberg. By hiring someone with such impeccable credentials and connections, the Bloomberg company is making a statement: It's poised to do something BIG. "

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