Murdoch: Tribune papers likely to be sold, LA Times split off

Rupert Murdoch, co-chairman of Wall Street Journal publisher News Corp (NWSA.O), on Friday said he had "strong word" that the Tribune Publishing Co's (TPUB.N) 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 (FOX.A), the entertainment and broadcast group, made his comments on Twitter.

In September Tribune's board said the Los Angeles Times and San Diego Union-Tribune were "a cornerstone of our company's portfolio and a key component to our success in the future."

Read more at Reutershttp://www.reuters.com/article/2015/11/27/us-tribune-m-a-idUSKBN0TG2HN20151127#wzPmBy6F1pugircP.99