The big media rumor of the week is that News Corp. is putting together a bid for Tribune Publishing. According to Poynter’s Rick Edmonds, News Corp would be interested in buying the company, but only after it is spun off from Tribune, a move that is expected to happen in the next few months.
Tribune Publishing publishes several newspapers, including heavyweights like The Chicago Tribune, The Los Angeles Times, The Baltimore Sun and The Sun-Sentinel.
News Corp buying the publisher, according to Edmonds, would make sense for a few reasons. Murdoch has always been a big fan of the LA Times and his desire to own it has been chronicled in the past; News Corp was spun off with plenty of cash, cash that investors will want to see do something; and relating to that last point — Tribune Publishing would be easy for News Corp to afford.
Would Rupert Murdoch really buy more newspapers even though print is clearly on the decline? It doesn’t seem to make much sense. But if there’s one person we wouldn’t count out, it’s Murdoch.