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BUSINESS
Michael Bloomberg

NYT: Bloomberg considers buying Financial Times

USATODAY
New York City Mayor Michael Bloomberg.

Michael Bloomberg is considering buying The Financial Times Group, which includes the venerable financial newspaper and a half interest in The Economist, according to the New York Times.

The Times quotes "three people close to Mr. Bloomberg who spoke on the condition of anonymity."

Last month, Bloomberg.com, also quoting anonymous sources, reported that parent Pearson was planning to explore a sale of the FT.

Bloomberg, mayor of New York City, owns the hugely profitable financial data and news company that bears his name.

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