Now that Rupert Murdoch has been practically run out of the U.K. newspaper publishing business, it seems he wants to expand his holdings in the U.S. market. According to the Los Angeles Times, executives from Murdoch's News Corporation have held "preliminary talks" with the paper's debt holders. The Times is owned by Tribune Co., which also owns the Chicago Tribune. A report by Reuters kinda sorta plays down the rumor but also says the Times is "standing by" its report. Furthermore, FoxBusiness.com has an article saying Murdoch is "looking to buy" the LA Times.
Fox Business writes:
News Corp 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, a source familiar with his plans told Reuters on Friday.
News Corp executives -- including Murdoch's son James -- flew into Los Angeles twice this month to take a preliminary look at the storied daily's books, said the source, who spoke on condition of anonymity because the meetings were not publicized.
Fortunately, there are regulatory hurdles for Murdoch to buy those papers and other parties are said to be interested as well.
“Republicans have sought to make the presidential election an up-or-down vote on Obama, hoping that voters will hold him accountable for the country’s stubbornly high unemployment and sluggish economy. But this election isn’t a referendum on one candidate, it’s a choice between two. And unfortunately for the GOP, its candidate, former Massachusetts Gov. Mitt Romney, has demonstrated clearly that he’s the wrong choice. He’s wrong on the issues, from immigration to tax policy to the use of American power to gay rights and beyond. And his shifting positions and willingness to pander have raised questions about who he is and what he stands for.
“The most troubling aspect of Romney’s candidacy is that we still don’t know what his principles are. Is he the relatively moderate Republican who was governor of Massachusetts, the “severely conservative” one on display in the GOP primaries or the more reasonable-sounding fellow who reappeared at the presidential debates? His modulating positions on his own tax plan, healthcare reform, financial regulation, Medicare, immigration and the national safety net add to the impression that the only thing he really stands for is his own election."
Can I stuff a few more rags up my colon?!!
Murdoch wants to shut them up, and have a publication with that level of cred for his agenda. They’re a two-for-one.
Chicago tribune is also a very good publication, they’re my #1 for debunking Fox News’ Chicago claims. While LAT is the superior publication, the Tribune is far more important to their anti-Obama agenda.
Once again… two-for-one.
It’s not like the Trib has ever been a bastion of truth and fairness. It has always been a conservative rag, and I fully expect them to endorse Romney.
Before you read this article, grab a bag of popcorn and a cold drink. This will be entertaining.
The One with the Most Money Wins
Let the games begin.
NOTE TO RUPY
From what we hear of Doug Manchester, aka, Papa Doug, he’s the last person you want to tangle with, old man. For the first time in your miserable life, you will face someone who will take you down in a heartbeat.
You’ve done enough damage to LA. You’re worse than smog, earthquakes and traffic. Go away.