Murdoch eyes Tribune

[unhappycamper]

http://articles.chicagotribune.com/2012-10-20/business/ct-biz-1020-murdoch-papers_1_chief-executive-rupert-murdoch-news-corp-debt-holders

Murdoch eyes Tribune
October 20, 2012|By Meg James | Tribune Newspapers

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 Chicago Tribune and the Los Angeles Times.

Tribune Co.'s debt holders 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 Tribune and the Times, 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. On Saturday, a spokeswoman for News Corp. said the reports were "wholly inaccurate."Tribune Co., based in Chicago, owns the Tribune and Times and six other papers.

Murdoch, 81, heads the world's largest news company, which includes The Wall Street Journal and The Times of London. Acquiring the Tribune and the Times would give him strong footholds in the nation's three largest media markets: New York, Los Angeles and Chicago.

[Skidmore]

1. This man is a terrorist. He's single handedly destroyed

media and news dissemination and should be drummed off the face of the planet.

[LTR]

2. There are some roadblocks though

The biggest issue concerns the TV stations News Corp. owns in those two markets - two each. The FCC typically has a problem with broadcast/newspaper cross-ownership. Then again, the FCC often rolls over in situations like this.

I hope the Obama FCC uses this opportunity to stick it to Murdoch. After his company's war against him and our country, he shouldn't expect the FCC to be his bitches.

[madrchsod]

3. his purchase of the chicago tribune would not change the paper that much

the trib has always been a conservative paper. it was a ultra conservative paper when McCormick owned and has slowly changed into a more moderate republican paper. murdoch would`t change the paper present direction.

[Comrade_McKenzie]

4. Some will keep on pushing that first amendment meme, though...

The first amendment freed individuals to say anything they want, not control a larger voice than individuals through corporations that control as much media as Murdoch does.

Shut this fucker down.

No more than one newspaper and one television station per corporation or individual, I say.