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Murdoch bid for Los Angeles Times and Chicago Tribune mooted

Los Angeles Times

Rupert Murdoch's News Corporation is looking to bid for the Los Angeles Times, the paper has reported, adding Murdoch is also interested in buying its stablemate the Chicago Tribune from their parent company, the Tribune Company.

Senh: Might as buy them while they're cheap.

 

Philadelphia Papers Sold

A group of lenders once again came out on top in the auction for the publisher of Philadelphia's two major daily newspapers, winning with a cash bid of $105 million and besting a rival group led by local philanthropist Raymond Perelman.

 

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