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Fri Oct 19, 2012, 11:06 PM

Rupert Murdoch, other potential buyers eye L.A. Times

Source: LA Times

With Tribune Co. expected to emerge from bankruptcy soon, News Corp. Chairman and Chief Executive Rupert Murdoch is looking to acquire two of its trophy properties — the Los Angeles Times and the Chicago Tribune.

Tribune Co.'s debt holders — two investment firms and a bank — will become majority owners of the company after it exits bankruptcy, which could happen by year's end. News Corp. executives have had preliminary talks with these debt holders about acquiring the Los Angeles Times and Chicago Tribune, according to two ranking News Corp. executives and others familiar with the situation.

These people cautioned that talks are in the early stages, and that a deal is by no means certain. Other potential buyers have expressed interest.

Murdoch heads the world's largest news company, which includes the Wall Street Journal and the Times of London.

Read more: http://www.latimes.com/business/la-fi-ct-murdoch-newspapers-20121020,0,6204152.story



Just what LA needs.

Although the LA Times does already employ Republican doughboy Jonah Goldberg.

34 replies, 2904 views

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Reply Rupert Murdoch, other potential buyers eye L.A. Times (Original post)
Zorro Oct 2012 OP
DBoon Oct 2012 #1
Cleita Oct 2012 #3
plethoro Oct 2012 #4
Cleita Oct 2012 #2
Live and Learn Oct 2012 #19
cyclezealot Nov 2012 #24
JDPriestly Oct 2012 #5
cyclezealot Nov 2012 #25
tarheelsunc Oct 2012 #6
Divine Discontent Oct 2012 #12
liberalmike27 Oct 2012 #18
tomm2thumbs Oct 2012 #7
SoapBox Oct 2012 #8
mimi85 Oct 2012 #9
SunSeeker Oct 2012 #10
hrmjustin Oct 2012 #11
Spitfire of ATJ Oct 2012 #13
Julien Sorel Oct 2012 #14
WRH2 Oct 2012 #15
onenote Nov 2012 #28
FiveGoodMen Nov 2012 #29
onenote Nov 2012 #30
FiveGoodMen Nov 2012 #31
onenote Nov 2012 #33
dipsydoodle Nov 2012 #32
FiveGoodMen Nov 2012 #34
John2 Oct 2012 #16
bemildred Oct 2012 #17
joanbarnes Oct 2012 #20
dipsydoodle Oct 2012 #21
mimi85 Oct 2012 #23
wordpix Oct 2012 #22
davidpdx Nov 2012 #26
newspeak Nov 2012 #27

Response to Zorro (Original post)

Fri Oct 19, 2012, 11:07 PM

1. And they fired Robert Sheer to hire Jonah

nt

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Response to DBoon (Reply #1)

Fri Oct 19, 2012, 11:14 PM

3. Yep, that's when I stopped buying it.

Up until then I had read it all my life.

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Response to Cleita (Reply #3)

Fri Oct 19, 2012, 11:18 PM

4. Me 2. Now I get Sundays only. I will cancel it totally tomorrow...........nft

 

dddddddddd

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Response to Zorro (Original post)

Fri Oct 19, 2012, 11:14 PM

2. Who cares. The real LA Times died when the Tribune bought it.

I stopped reading it and it's turn into a right wing screed about at that time.

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Response to Cleita (Reply #2)

Sat Oct 20, 2012, 12:49 PM

19. +1 nt

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Response to Cleita (Reply #2)

Mon Nov 5, 2012, 05:51 AM

24. But, the L.A. Times will become like the new York Post.

What is a community without a newspaper.. While the Times is not what it used to be- Freepers still consider the likes of Patti Morrison or Jonah Goldberg to be commies.. Murdock coming to town can't be good for democracy . will we be able to help some alternative source of news come to our rescue.. ?

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Response to Zorro (Original post)

Fri Oct 19, 2012, 11:20 PM

5. I already dropped my subscription to the Times.

And if Murdoch takes it over, there will be massive cancellations -- massive cancellations. We in Los Angeles do not want Murdoch's lies in our city.

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Response to JDPriestly (Reply #5)

Mon Nov 5, 2012, 05:52 AM

25. Hope so..

we need inform Rupert, he'll find no profitable market here for his B.S.. Can we.?

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Response to Zorro (Original post)

Fri Oct 19, 2012, 11:47 PM

6. I'm tired of clowns like this just being allowed to purchase the media industry

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Response to tarheelsunc (Reply #6)

Sat Oct 20, 2012, 01:30 AM

12. my thoughts exactly - they destroy these institutions. it's really disheartening, and

makes me wonder why people like Soros or other well-to-do liberals don't buy these papers, radio stations, local channels? tired of having a hard time finding a reality based news source...


Get it here --->
http://www.zazzle.com/which_face_today_mitt_romney_bumper_sticker-128778323738073483?rf=238107662556833486

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Response to Divine Discontent (Reply #12)

Sat Oct 20, 2012, 12:45 PM

18. Aren't There Any Good Billionaires?

You guys expressed my thoughts--not only should he not be able to by law buy these places, but come on!! Can any of you other millionaires or billionaires out there buy some media to keep them all from being consumed by one guys thoughts???

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Response to Zorro (Original post)

Sat Oct 20, 2012, 12:05 AM

7. Murdoch's reaction if he is able to buy the times the tribune




...with the 1 Percenters at the top, cheering him on. "Own the media. Own the media."

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Response to Zorro (Original post)

Sat Oct 20, 2012, 12:32 AM

8. We will drop our subscription of 25+ years, if this scumbag buys it..

If that that EVIL Bastard buys the LA Times...that's the last for us.

AND, I will do my best to get others to drop it as well.

Hey EVIL Bastard, go back to Australia...you aren't welcome in America.

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Response to Zorro (Original post)

Sat Oct 20, 2012, 12:44 AM

9. We've been subscribers

for at least 25 years. We live in a very conservative suburb halfway between LA and San Diego and the Times has helped me cope over the years. Damn, our county newspaper is such a rag - no way on earth would I ever subscribe to that bird cage liner!

The last few years have been rough at the Times after the Tribune sale although they do have some good columnists like Steve Lopez and Sandy Banks (yep, I'm one of those saps who have actually teared up when reading some of their stuff). And I usually enjoy Column One. My husband is mainly into the sports and the Calendar section however he just said he'd be with me on canceling if this bullshit sale goes through. And like someone else said, LA won't take kindly to this. At all. What a cluster! How much control does this douchebag need??

I love reading newspapers (old school, I know) and when we used to travel a lot, the first thing I used to do was get a copy of the local newspaper. This is such sucky news, damn it, I didn't get a chance to read the whole paper this morning and missed this story - crazy day. Crap. Maybe I should splurge and get the NY Times?

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Response to Zorro (Original post)

Sat Oct 20, 2012, 12:54 AM

10. Well that sucks.

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Response to Zorro (Original post)

Sat Oct 20, 2012, 01:00 AM

11. There goes another paper.

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Response to Zorro (Original post)

Sat Oct 20, 2012, 01:59 AM

13. I see a revolt coming....

The Right Wing has inserted itself everywhere to the point where normal Americans are getting fed up.

Seriously, go and ask normal non-political types and they will tell you they are sick of these people.

It's like they are a throwback to the Clinton Years and they expect everyone to completely FORGET the Bush Years. "Hi! Remember us? The anti-sex guys?"



"We're going to make sure everybody on that beach isn't thinking about sex and hates Mexicans."

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Response to Zorro (Original post)

Sat Oct 20, 2012, 02:01 AM

14. This sucks.

The LA Times is one of the best papers left; Murdock will fuck it up as he's fucked everything else up. The WSJ has clearly gone downhill since he's owned it; even wingnut friends of mine have said it isn't what it was. God only knows what the Times will look like when he's done with it.

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Response to Zorro (Original post)

Sat Oct 20, 2012, 09:16 AM

15. Not in the Public interest to allow

We need to roll back and regulate the purchase of all forms of broadcast and print media by large corporations. This purchase and a lot of ownership is not healthy for a democratic society.
I learned 40 years ago that democracy requires an educated electorate. This requires a free press.
It's going to take initiative for the citizenry to clean up a number of our institutions if this country is to stop morphing into some thing we don't recognize or desire.
A FREE PRESS is a cornerstone of democracy. Period

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Response to WRH2 (Reply #15)

Mon Nov 5, 2012, 01:01 PM

28. It sounds like you support government licensing of newspapers.

Count me out, thank you very much.

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Response to onenote (Reply #28)

Mon Nov 5, 2012, 02:51 PM

29. What if the alternative is Rupert Murdock owning all the world's news media?

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Response to FiveGoodMen (Reply #29)

Mon Nov 5, 2012, 03:13 PM

30. I think that risk can be dealt with without government licensing of newspapers.

Last edited Mon Nov 5, 2012, 03:14 PM USA/ET - Edit history (1)

Indeed, I think the risk of one voice controlling all media is much greater if the government can decide who gets to print newspapers.

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Response to onenote (Reply #30)

Mon Nov 5, 2012, 03:16 PM

31. Has anyone actually proposed that?

There used to be new-media ownership caps. Were those wrong?

There used to be a notion that the media should not abuse the public trust. Was that wrong?

Is keeping criminals from owning EVERY kind of access to information an unreasonable interference?

If so, why have a government at all?

Or is that your real point?

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Response to FiveGoodMen (Reply #31)

Mon Nov 5, 2012, 03:44 PM

33. My point simply is that having the government decide who can print a newspaper is a really bad idea.

Last edited Mon Nov 5, 2012, 03:48 PM USA/ET - Edit history (1)

Period.

I should add, by the way, I don't think there ever was legal obligation for a newspaper not to "abuse the public trust", at least not in this country and not constitutionally.

Keep in mind, this subthread started out as, and my comments have been limited to, newspapers, not the electronic media.

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Response to FiveGoodMen (Reply #29)

Mon Nov 5, 2012, 03:42 PM

32. I'm not really sure why this is still being discussed

It turned out to be an unfounded rumour 20th October.

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Response to dipsydoodle (Reply #32)

Mon Nov 5, 2012, 04:41 PM

34. Guess the idea behind the rumor ... reverberated.

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Response to Zorro (Original post)

Sat Oct 20, 2012, 09:22 AM

16. Maybe someoneelse

Maybe someone should get into the news business against Murdoch. This guy seems to want control of the Media. So there maybe be an opening for opposite views. Look at FOX news. They just appease one certain group of people. I don't even watch FOX.

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Response to Zorro (Original post)

Sat Oct 20, 2012, 11:49 AM

17. So the scavengers are showing up now?

Another clueless CEO?

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Response to Zorro (Original post)

Sat Oct 20, 2012, 01:14 PM

20. I'm more worried about the Trib

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Response to Zorro (Original post)

Sat Oct 20, 2012, 02:47 PM

21. News Corp says reports it is in talks with Tribune Co are inaccurate

Last edited Sat Oct 20, 2012, 02:47 PM USA/ET - Edit history (1)

(Reuters) - News Corp said on Saturday reports that it is in discussions with Tribune Co or the Los Angeles Times are "wholly inaccurate."

Reuters and the Los Angeles Times reported on Friday that News Corp Chairman Rupert Murdoch is looking to buy the Los Angeles Times.

http://uk.reuters.com/article/2012/10/20/uk-newscorp-tribune-idUKBRE89J03I20121020

Must confess I was a bit surprised unless they were going to pick it up for song. These days most newspapers are sold strictly for general articles, adverts and crossword puzzles.

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Response to dipsydoodle (Reply #21)

Sat Oct 20, 2012, 03:25 PM

23. I just saw this also...

Hopefully it's true. I would hate to cancel my subscription; however, as I posted earlier, I would cancel in a nanosecond! Gotta get my morning fix of a good cup of java and the paper. Keeping my fingers crossed that the report is accurate!

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Response to Zorro (Original post)

Sat Oct 20, 2012, 02:57 PM

22. Rupert didn't like the LATimes 2008 stories about R$'s offshore investments that got more reporters

investigating this time around

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Response to Zorro (Original post)

Mon Nov 5, 2012, 08:24 AM

26. Time for Murdock to fuck up another paper

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Response to Zorro (Original post)

Mon Nov 5, 2012, 12:58 PM

27. it's too bad that a group of people can't get together and

create a national cooperative paper that just reports the news. maybe add a special section in the paper for what's going in congress and what bills are on the floor and post the votes.

murdoch has aided in the creation of a shallow, (more interested what the famous are doing, than what's going on that truly impacts the plebes) fact less media.

and mega corporations gain more and more power and influence on the flow of information that the people are allowed to perceive. not good if a nation is attempting to portray itself as a free democratic republic.

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