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.
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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
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?
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."
