Posted on 10/20/2012 9:23:35 AM PDT by Snuph
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.
Acquiring the Los Angeles Times and the Chicago Tribune would give him strong footholds in the nation's three largest media markets: New York, Los Angeles and Chicago.
(Excerpt) Read more at latimes.com ...
I don’t see anything in there about the tapes being burned.
RATS would go crazy. :)
Murdoch really needs to start his own journalism college, to produce reporters and journalists to standards far higher than exist in current journalism schools.
Oddly enough, these would *not* be accredited degree schools, as that just confuses the issue of quality. Instead there needs to be four tiers of education.
One tier would be to train objective reporters, because objectivity is far more important to readers than most reporters today are able to create. They just cannot resist inserting their biases and opinions.
The second tier would be the “intermediate” tier that teaches journalism. Students would be drilled about fallacious arguments, how to write without using them, and how to rebut them:
http://www.don-lindsay-archive.org/skeptic/arguments.html
The third tier (the “PhD” tier), would be to teach editing. This is terribly important, as good editors are extremely rare today, but are essential to maintain quality.
The fourth tier is the business of publishing, the logistics of how to run a newspaper and its personnel.
The liberal media.....they ran their Titanic into an iceberg by being so blatantly pro-Democrat and now they want to be picky about what rescue ship they get on.
“Maybe we can ride the iceberg?”
maybe you could come down here and buy the st. pete times commie rag while you’re at it
I don’t see why anyone would care.
The WSJ is probably just as liberal except for its op-ed page, so I doubt they would make too many changes
He's just saying that there's no chance the tapes would go along with the paper. They will be burned, shredded, demagnetized, vaporized, or given to Khalidi. Murdoch is never going to see them.
I think we will hear those tapes, but only after Obama is out of office. That way they can bleat to the world about upholding ‘Journalistic Integrity’ without causing political damage to Obamugabe
Murdock bought the Wall Street Journal and their philosphy hasn’t changed. They are loaded with liberals as is reflected in the tabloid as well as radio broadcasts. One shouldn’t expect any change in the LA Times or Chi. Tribune should Murdock be the controlling force. Another example is Fox News at one time considered fairly conservative not any more with prominent spots to Juan Williams, Heraldo, Beckel as well as Rinos such as Hume, Kristol and yes even Krauthammer. Free Republic and Drudge are by far the best news sources.
Wait for Warren Buffet or Soros to bid up the price. Buffet and Berkshire Hathaway are getting into the Newspaper Business.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.