LA Times to Be Sold to Philanthropist Eli Broad, Says Rupert Murdoch
Rupert Murdoch, co-chairman of Wall Street Journal publisher News Corp, on Friday said he had “strong word” that the Tribune Publishing Co’s newspaper group will be bought by a Wall Street firm, while the Los Angeles Times will be split off and purchased by local investors including philanthropist Eli Broad.
Murdoch, who is also co-chairman of 21st Century Fox , the entertainment and broadcast group, made his comments on Twitter.
More: LA Times to Be Sold to Philanthropist Eli Broad, Says Rupert Murdoch
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