READ: Bloomberg Editor in Chief Addresses 2020 Coverage Plans in Staff Memo After Bloomberg Declares Run

Former Mayor Michael Bloomberg is in the 2020 race. Perhaps the most notable media angle of his announcement is, well, what Bloomberg News does now.

Bloomberg News editor-in-chief John Micklethwait addressed that issue in a note to staff, obtained by CNN, this morning.

“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 (and very rarely about our direct competitors). No previous presidential candidate has owned a journalistic organization of this size,” Micklethwait writes. “We have electoral laws to follow — to do with both balance and opinion. We will certainly obey them, but I think we need to do more than just that.”