Rupert Murdoch tweeted Thursday night that he doesn’t plan to buy Tribune’s newspapers. He cited the FCC’s cross-ownership rules, which forbid the same person or entity from owning a print and a top broadcast property in the same market.
Sorry can't buy Trib group or LA Times – cross-ownership laws from another age still in place.
— Rupert Murdoch (@rupertmurdoch) July 18, 2014
Poynter reported earlier this month that Murdoch’s News Corp was rumored to be assembling a bid for the Tribune Co. papers, which are set to spin off as a separate company next month.
Murdoch also runs 21st Century Fox, which owns and operates stations in several cities that overlap with Tribune papers, including Los Angeles and Chicago.
“I am not sure this amounts to ‘case closed,” Poynter’s Rick Edmonds wrote in an email.… Read more