Murdoch: Tribune papers likely to be sold, LA Times split off

Reuters ^ | 11/27/15 | Dan Levine

[markomalley]

Rupert Murdoch, co-chairman of Wall Street Journal publisher News Corp, on Friday said he had "strong word" that the Tribune Publishing Co's newspaper group will be bought by a Wall Street firm, while the Los Angeles Times will be split off and purchased by local investors including philanthropist Eli Broad.

Murdoch, who is also co-chairman of 21st Century Fox, the entertainment and broadcast group, made his comments on Twitter.

In September Tribune's board said the Los Angeles Times and San Diego Union-Tribune were "a cornerstone of our company's portfolio and a key component to our success in the future."

Murdoch did not say on his verified Twitter account which firm would acquire the newspaper group or the timing of any deal. Murdoch tweeted that he did not bid and had no interest.

[Fungi]

If Mr. Broad has a brain, he will close the LA Slime, buy the Daily News, make that the real LA paper, and fire everyone at the Slime— then take a write-off and call it a day. The Slime is a perfect example of pure crap getting in the way of truth, but then again, never let the truth get in the way of the agenda—never.

[vette6387]

“Tribune shares closed at $9.29 on Friday, down nearly 25 percent from $12.24 on Aug. 31.”

Couldn’t be happening to a more “deserving” pack of Marxists. Now, if only Carlos Slim would call his loan to the NY Slimes, this Thanksgiving would have real meaning.

[This_far]

Newsweak sold for a buck and the old harpy Eleanor Clift didn’t buy it but continues on at the McLaughlin Group (making it very non watchable).

(wonder about her and Buchanon)

[bigbob]

Maybe he could sell the Slime to the Onion

[TChad]

Maybe he could sell the Slime to the Onion

Probably not. The Onion has standards.

[TBP]

Rupert ought to buy it himself.

[Lisbon1940]

Now we want standards?

[867V309]

Maybe he could sell the Slime to the Onion

Maybe that mesican virginia slims will buy it. A bookend for his new joke slimes.

[piasa]

Eli Broad was a big backer of Gen. Wesley Clark in the Democrat primariesa while back

[AdaGray]

Say good night, MSM.

[SteveH]

pardon please my pessimism, but are not these merger-acquisition-splitoff events nothing more than accounting rituals prefacing the harvesting of pensions and leaving long term employees in the dust?

[SteveH]

(wonder about her and Buchanon)

eww, just... eww...

[bert]

it is rumored Ms Clift has scars on her butt from the tryst with Bubba Clinton on the concrete side walk outside the Chicago convention of 1968

[rrrod]

Whiney lowlife media types losing jobs salute

[IncPen]

Years ago it was customary to post something in MSM threads

Bias = Layoffs

Dreams do come true