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The Church is the State at Bloomberg?

July 25, 2015

Here’s an interesting quote from today’s NY Times, in an article entitled “Pearson in Talks to Sell Its Stake in the Economist Group” :

The German media company Axel Springer and the financial information company Bloomberg, which came close to buying The Financial Times, were also approached, the newspaper reported.

But they declined to pursue the purchase because The Economist is held in a trust that guarantees “the continued independence of the ownership of the company and the editorial independence of The Economist,” according to its website. The Pearson shares do not allow control.

I can only take this to mean that Axel Springer and Bloomberg aren’t interested in owning media outlets whose content they can’t control. Or am I missing something?

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