Now this would be fun to watch!
LOS ANGELES (Reuters) – News Corp <NWSA.O> Chairman and CEO Rupert Murdoch is looking to buy the Los Angeles Times, one of the country’s largest newspapers, from struggling media conglomerate Tribune Co, the newspaper reported on Friday.
Murdoch is also eyeing the Chicago Tribune, whose publisher Tribune Co is now trying to exit bankruptcy, according to the paper. News Corp executives are in early talks with Tribune Co debtholders, including hedge fund Oaktree Capital. The company wants to secure footholds in Los Angeles and Chicago, according to the Los Angeles Times.