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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow Close Is Rupert Murdoch to Owning the L.A. Times and the Chicago Tribune?
AlterNet / By Alyssa Figueroa
How Close Is Rupert Murdoch to Owning the L.A. Times and the Chicago Tribune?
The FCC may weaken the exact rule needed to allow Murdoch this media ownership.
November 30, 2012 |
In October, the L.A. Times revealed that Murdoch had his eye on acquiring both the L.A. Times and the Chicago Tribune from the Tribune Co . As the Tribune Co. emerges from bankruptcy, Murdochs News Corp. executives held talks with the companys debt holders about acquiring the major papers.
So whats the Federal Communications Commission to do?
Apparently, propose an order that weakens the exact rule that would have stood in the way of Murdochs desired acquisition. For 30 years, the FCCs Newspaper/Broadcast Cross-Ownership rule has prevented a single company from owning both a daily newspaper and a TV or radio station in the same city to ensure media diversity. And since Murdoch owned two Fox stations in both L.A. and Chicago, this rule would have prevented him from acquiring the cities major dailies.
But two weeks ago, FCC sources leaked that the chairman, Julius Genachowski, sent around an order that would weaken this rule. This would allow one company to own a major daily newspaper, two TV stations and up to eight radio stations in one city. ...................(more)
The complete piece is at: http://www.alternet.org/media/how-close-rupert-murdoch-owning-la-times-and-chicago-tribune
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How Close Is Rupert Murdoch to Owning the L.A. Times and the Chicago Tribune? (Original Post)
marmar
Dec 2012
OP
truebrit71
(20,805 posts)1. That would be a VERY bad idea...
...
dipsydoodle
(42,239 posts)2. Also in October
News Corp dismissed the allegation. I'm not quite sure why the subject remains live.
marmar
(77,091 posts)3. And you believe something News Corp puts out?
nt
dipsydoodle
(42,239 posts)4. That was simply a comment
in relation to your OP which by the way is an almost exact duplicate of the same subject on both Thursday and Friday.