Now Murdoch aims to buy the Los Angeles Times
Follow @mediaukprintFrom Media Guardian - posted
Two US newspapers, the Los Angeles Times and the Chicago Tribune, are reporting that Rupert Murdoch's News Corporation is gearing up to acquire them.The titles are currently owned by the debt-laden Tribune Company, which is likely to end up in the hands of two investment firms and a bank in an expected exit from bankruptcy protection in the near future.According to the LA Times, Murdoch "is said to be in early talks" about the acquisition and cites as its source "two ranking News Corp executives and others familiar with the situation."There are ties between the two companies.
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