News Corp. Chief Murdoch May Go After 'Los Angeles Times' Too

What You Should Have Read, Feb. 25, 2009

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News Corp. Chief Murdoch May Go After 'Los Angeles Times' Too

Variety reports that Rupert Murdoch's counterintuitive quest to invest in print media helped drive away longtime lieutenant Peter Chernin. And now that Chernin can't intercede, does Murdoch want to follow News Corp.'s $5 billion buyout of Dow Jones by gobbling up the struggling New York Times Co.? The answer appears to be yes, as impossible as present economic conditions make it for most deals of any kind to get done. What's more, incredulous News Corp. insiders say Murdoch's love of print media is so fervent that he's also been talking about a play for the Los Angeles Times, which could make easier prey for several reasons.

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