'Red-Blooded' Murdoch Eyes LA Times, Tribune
News Corp's CEO 'has an irrational love of newspapers'
By Neal Colgrass, Newser Staff
Posted Oct 20, 2012 2:56 PM CDT
Rupert Murdoch arrives at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, Thursday, July 12, 2012.   (AP Photo/Paul Sakuma)

(Newser) – The head of the world's biggest news company is eying two crown jewels in American journalism: the Los Angeles Times and the Chicago Tribune. In fact, Rupert Murdoch has been in preliminary talks about buying both papers in a purchase of the Tribune Co., according to executives at Murdoch's media company, News Corp, the LA Times reports. His conservative media empire already includes the Wall Street Journal, New York Post, and Fox News.

But others are also interested in acquiring the Tribune Co. when it emerges from bankruptcy—possibly late this year—and Murdoch could run afoul of regulators for already owning Fox stations in Chicago and LA. What's more, News Corp investors may balk over Murdoch's old-school insistence on buying newspapers in the Internet age. But he "has an irrational love of newspapers," says one analyst. "He is the last of the press barons … a red-blooded, swashbuckling, stop-the-presses kind of character."

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Showing 3 of 15 comments
Oct 22, 2012 12:15 PM CDT
Keep that British Bastard out of the United States. He is a persona non grata for the entire world. he is a slime spawn that needs to be in prison.....
Oct 22, 2012 10:11 AM CDT
I hope he buys them for top dollar just before print goes belly-up.
Oct 21, 2012 7:53 PM CDT
Why is he not in jail instead of talking about which outdated media outlet he's gonna buy?