EL PASO, TX – Bloomberg LP CEO Mike Bloomberg has acquired the El Paso Times from American mass-media holding company Gannet Co, and laid off its entire editorial staff after the daily newspaper endorsed former South Bend mayor Pete Buttigieg to be the democratic nominee for president.
“I was looking to expand my media holdings, and I thought local newspapers would be the way to go,” explained Bloomberg, adding “we’re excited to bring our trusted brand of outstanding news reporting to every community in America.”
The former El Paso Times will now be known as Bloomberg El Paso, and be headed by an editorial staff hand-selected by Bloomberg.
“I came into the office this morning, everything was routine,” said former El Paso Times editor Zahira Torres. “Just before 5pm, two men in suits entered the office and explained that the newspaper had been bought out and my colleges and I were immediately escorted from our offices and told we wouldn’t be returning to work tomorrow. It was all so sudden.”
A representative for Bloomberg LP told BeetPress that the company was also working to acquire the Eureka Times-Standard, which endorsed Vermont senator Bernie Sanders on Sunday.
“My goal for the next couple of months is for our newly created division Bloomberg Local to acquire up to 100 local newspapers throughout the country,” said Bloomberg. “It will be good for our company, and it will be great for the communities we serve.”
As of press time, BeetPress has learned that Bloomberg El Paso has retracted its endorsement of Buttigieg and formally endorsed Mike Bloomberg to be the democratic nominee for president.