CNN:
When Michael Bloomberg retires as New York’s mayor in January after 12 years in office, it’s unclear what exactly he’ll do (beyond claiming a desk back at Bloomberg LP, the financial data giant he founded). Whatever he does, he’s sure to keep making news.
You can count on him to keep fighting for new gun-control laws. He could well continue to push his public-health initiatives against sugary drinks and smoking. And he’s certain to make headline-grabbing charitable gifts: He’s worth an estimated $31 billion, and gave $350 million just in 2013 to Johns Hopkins (bringing his lifetime total giving to his alma mater over $1 billion).
But there’s one place you won’t read about any of it: Bloomberg News. Since the creation of its journalism arm in 1990, Bloomberg LP — 85% owned by Mike (as he is referred to at the company and will be referred to here to avoid confusion) — has banned coverage of the company and its owner on the grounds that it would be a conflict of interest. Bloomberg News made a limited exception for covering Mike’s official actions as New York’s mayor. But his return to private life will bring an end to all that.
That’s the result, Fortune has learned, of a decision by Bloomberg News editor-in-chief Matt Winkler to reject an internal recommendation urging the company to change its policy. “I see no reason to change a policy that was conceived at the inception of Bloomberg News, and has served us well,” Winkler told Fortune in late October, during an interview for an in-depth report on Bloomberg LP.
The rest here.