Bloomberg News, a global news organization of 2,700 journalists and analysts, has long had a policy of not initiating investigations into the billionaire businessman, his family or his foundation, and announced last week it would extend that practice to his 2020 Democratic rivals, in the wake of Bloomberg’s entry into the race.

Bloomberg News will continue to investigate the Trump administration, though it plans to reassess its policy if Michael Bloomberg becomes the Democratic nominee.

Editor-in-chief John Micklethwait defended his newsroom’s coverage on Monday, saying "the accusation of bias couldn't be further from the truth."

“We have covered Donald Trump fairly and in an unbiased way since he became a candidate in 2015 and will continue to do so despite the restrictions imposed by the Trump campaign” he said.

Dean Baquet, executive editor of the New York Times, took issue with the move against Bloomberg News. "We condemn any action that keeps quality news media from reporting fairly and accurately on the presidency and the leadership of the country," he said in a statement.

Trump reacted to Bloomberg‘s position and Baquet’s statement on Monday night.

“Mini Mike Bloomberg has instructed his third rate news organization not to investigate him or any Democrat, but to go after President Trump, only,” he wrote on Twitter. “The Failing New York Times thinks that is O.K., because their hatred & bias is so great they can’t even see straight. It’s not O.K.!“

Bloomberg’s policy of not covering its owner has also drawn criticism from journalists for departing from how news organizations typically handle such situations. The Washington Post, for one, doesn’t restrict reporters from digging into its billionaire owner, Amazon chief Jeff Bezos.

“This all could have been avoided had someone just stood up and said, you’re running for President of the United States now,” Megan Murphy, who served as Bloomberg News’ Washington bureau chief during the 2016 election, tweeted Monday. “I really think you can handle your own newsroom of immensely talented editors and reporters covering you the same way they do everything else.”

Bloomberg News reported on Bloomberg’s three terms as New York City mayor, but did not initiate investigations of him and has struggled as he flirted with runs for the presidency. Former Washington news director Kathy Kiely quit Bloomberg News in early 2016 because she felt the newsroom wasn’t able to be aggressive enough in handling a possible run.

Last year, Michael Bloomberg came under fire for suggesting to an Iowa radio station that Bloomberg News might halt all political coverage if he jumped in the race. After initially announcing he would not run earlier this year, he officially announced last week that he was making a late entry into the 2020 race.

One longtime Bloomberg adviser, Howard Wolfson, seemed to revel in the Trump campaign announcement, tweeting that it was proof “Mike is getting under Trump's skin."