Daily Archives: Sunday, October 21, 2012

Rupert Murdoch considers bid for LA Times

Rupert Murdoch said to be interested in buying the La TimesRupert 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 on Rupert Murdoch considers bid for LA Times…