Bloomberg entry into presidential race raises ethics issues

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Bloomberg entry into presidential race raises ethics issues
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With Mike Bloomberg announcing his campaign for president, the news service that bears its name sets new coverage rules.

El ex alcalde de Nueva York, Michael Bloomberg, posa para una foto en el capitolio en Little Rock, Arkansas, el martes 12 de noviembre de 2019.

"There is no point in trying to claim that covering this presidential campaign will be easy for a newsroom that has built up its reputation for independence in part by not writing about ourselves," Micklethwait wrote. Experts say those holdings could create financial conflicts stemming from Bloomberg’s policy positions, both domestic and foreign, unless he takes decisive action to formally remove himself from his businesses.

When asked about potential conflicts of interest when he was considering a run earlier in the year, Bloomberg had pledged to “separate myself” from his foundation and private businesses should he launch a campaign. On Sunday, though, it was unclear whether he was still committed to doing so and how specifically he might separate himself from his many business interests.

The situation presents an ethical tightrope. When Bloomberg was considering a candidacy in 2016, the news service's politics news director in Washington, Kathy Kiely, quit and said she did not feel she could do her job without covering Bloomberg aggressively. It’s good that the news service has a structure in place to consider issues as they arise, said Kelly McBride, senior vice president at Poynter and chair of the Craig Newmark Center for Ethics and Leadership. But every day they will have to consider tough decisions about how to cover the candidacy, she said.

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