Rupert Murdoch’s love for newspapers shows no signs of going away. The News Corporation chairman and chief executive is reported to be in talks to by the Los Angeles Times and the Chicago Tribune from Tribune Company, which is due to emerge from bankruptcy shortly.
A report in the La Times says News Corp executives have held preliminary talks with Tribune’s debt holders, which will become majority owners of the company after it exits bankruptcy. This could happen by year’s end.
Quoting News Corp executives and others familiar with the situation the paper said a deal is by no means certain and that other potential buyers have expressed interest. Read more »