Rupert Murdoch Claims Tribune To Be Sold To Wall St. Firm
By Kate Shepherd in News on Nov 30, 2015 8:00PM
Photo credit: Jonathan Lurie
If Rupert Murdoch is correct, a big Wall Street firm is set to purchase the Tribune Publishing's newspaper group with the exception of the Los Angeles Times, which will be split off and scooped up by local investors. The Chicago Tribune would be amongst the papers sold to the unnamed Wall Street firm.
Murdoch tweeted his scoop, which is based on "strong word," on Friday:
Strong word Tribune newspaper group to be bought by big Wall St firm, LA Times to go to philanthropist Eli Broad and local group.— Rupert Murdoch (@rupertmurdoch) November 27, 2015
The News Corp. and 21st Century Fox head honcho denied that he bid on the Tribune newspaper group, which he has "no interest" in, despite reports in 2012 that he was interested in buying the Tribune and the LA Times:
@Lordofmisrule79 No bid. No interest.— Rupert Murdoch (@rupertmurdoch) November 27, 2015
Tribune Publishing denied the rumor on Monday morning claiming that they are "not engaged in discussions or a process to sell the company."
"While our policy is not to comment on rumors, given the source of this speculation and the fact that it has received considerable public attention, the company believes a statement to employees is warranted," the company told employees in a statement, according to the L.A. Times.