Murdoch says he cannot buy Tribune or LA Times

LOS ANGELES Fri Jul 18, 2014 5:31pm EDT

Rupert Murdoch, executive chairman of News Corporation, reacts during a panel discussion at the B20 meeting of company CEOs in Sydney, July 17, 2014.  REUTERS/Jason Reed

Rupert Murdoch, executive chairman of News Corporation, reacts during a panel discussion at the B20 meeting of company CEOs in Sydney, July 17, 2014.

Credit: Reuters/Jason Reed

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LOS ANGELES (Reuters) - Twenty-First Century Fox cannot buy publisher Tribune Co or its Los Angeles Times newspaper, Fox Chief Executive Rupert Murdoch wrote on Twitter on Friday, citing U.S. laws on media ownership.

"Sorry can't buy Trib group or LA Times - cross-ownership laws from another age still in place," said tweets attributed to Murdoch.

Fox earlier this week revealed it had made a roughly $80 billion bid for Time Warner Inc that was rebuffed.

(Reporting by Lisa Richwine; Editing by Bernard Orr)

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Comments (1)
Amwatching2c wrote:
Another illegal immigrant, deport Rupert.

“The Reagan administration appears to have fast-tracked his citizenship, and Reagan started the relaxation of ownership rules, allowing a few media giants to own more and more stations and newspapers.” http://scrutinyhooligans.us/2011/07/23/rupert-murdoch-american-citizen/#sthash.AI0NBEAI.dpuf

Jul 19, 2014 10:17am EDT  --  Report as abuse
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