Mar 4, 2020 - Politics & Policy

Bloomberg News will return to "normal coverage" of 2020 race after Bloomberg exit

Mike Bloomberg campaigns in Orlando, Florida, on Super Tuesday. Photo: Paul Hennessy/NurPhoto via Getty Images

After Mike Bloomberg dropped his self-funded presidential run on Wednesday, Bloomberg News editor-in-chief John Micklethwait announced that the organization would return to its "normal coverage of the election," reports CNN's Brian Stelter.

Flashback: In November, the outlet said it would "extend its policy of not investigating" Bloomberg, its owner, "to all Democrats running for president in 2020."

  • That decision led President Trump's campaign to blacklist Bloomberg News from its events in December. It's not yet clear if the Trump campaign will walk back that policy now that Bloomberg is out of the race.

What he's saying:

"Now that Mike has said he is leaving the race for President, we will return to our normal coverage of the election; we will follow exactly the same coverage rules for the Democratic presidential candidates and President Donald Trump. We will disclose Mike's financial support for other Democrats — just as we have always done where his financial support for political causes is relevant to our reporting.
I would like to pay tribute to everybody who has covered the campaigns — and the independent way that we have reported the race. As I pointed out back on November 24th, we found ourselves in an unprecedented situation: no other newsroom of our size has had to deal with anything similar. "
— John Micklethwait's statement on Wednesday, via Stelter

Go deeper: Bloomberg suspends presidential campaign, endorses Biden

Go deeper

Bloomberg suspends presidential campaign, endorses Biden

Photo: Mark Makela/Getty Images

Michael Bloomberg, who spent hundreds of millions of dollars to self-fund his 2020 presidential run, announced Wednesday that he is suspending his campaign after a poor performance on Super Tuesday and will endorse Joe Biden.

What he's saying: "I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden," Bloomberg said in a statement.

Go deeperArrowUpdated Mar 4, 2020 - Politics & Policy

Bloomberg scraps plan to create own PAC, donates $18 million to DNC

Photo: Spencer Platt/Getty Images

Mike Bloomberg's 2020 campaign announced Friday that he would scrap his plan to create his own PAC — which would utilize his campaign infrastructure and staff to support the Democratic nominee — and will instead donate $18 million to the DNC.

Why it matters: It's a significant reneging of a key promise from the New York billionaire, who pledged to continue to pay his campaign staff at least through November to back whoever was selected to take on President Trump.

Bloomberg's historic bust

Mike Bloomberg waves to supporters in West Palm Beach, Florida, on Super Tuesday. Photo: Joe Raedle/Getty Images

Never in American history has a presidential candidate spent more to get less than Mike Bloomberg, making his buy-a-nomination bid a big bust. 

Why it matters: Bloomberg spent $600 million to win as many states as every American who chose not to run: zero. (He has American Samoa to show for it.)