Bloomberg to Return to His Company After Term Ends

Thursday, 07 Nov 2013 12:35 PM

By Lisa Barron

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Outgoing New York Mayor Michael Bloomberg plans to go back to his namesake financial information and media company, Bloomberg LP, after his third term in office ends Dec. 31.

The 71-year-old politician, businessman, and philanthropist will focus primarily on Bloomberg’s online opinion site, Bloomberg View, reports Capital New York.

Bloomberg, who founded the company in 1981 and spent the next two decades as its chairman and CEO, is expected to write for the website and land prominent guest contributors, according to Capital.

Bloomberg View was launched in 2011 as part of the company’s attempt to appeal to a broader audience rather than just the financial professionals who use its terminal and news services.

As part of Bloomberg’s plan, he reportedly intends to move Bloomberg View from its current location, in the same building as his philanthropic organization, to the main Bloomberg headquarters in Manhattan.

One thing Bloomberg has ruled out is a 2016 bid for the White House. In an interview on CNN Wednesday, when asked if he might play a role in the next presidential election, he said, "Let me guarantee you two things: No. 1, I will vote, and No. 2, I won’t be running."

In terms of something in the middle, he added, "It depends who’s running, and whether I want to support them, whether I want to get involved. I’ve got more things to do, going forward, than I can handle. In fact, I’ve got to start learning how to say no to new things."

Bloomberg is also planning a two-week vacation following successor Bill de Blasio’s inauguration on Jan. 1, reports The Wall Street Journal, and he will continue to do his philanthropic work.

Related stories:
What Others See in Future for Michael Bloomberg
Bloomberg, Rubio Disagree on Need for GOP Centrism



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