Murdoch to buy LA 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.
The Times said senior News sources confirmed executives had approached the two investment firms and a bank that hold Tribune's debt the lenders will become its majority owners once it emerges from bankruptcy protection, possibly within months according to the LA Times.

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