Wednesday, February 25, 2009

News Corp. chief may go after N.Y. Times

Rupert Murdoch's counterintuitive quest to invest in print media helped drive away longtime lieutenant Peter Chernin.
And now that Chernin can't intercede, does Murdoch want to follow News Corp.'s $5 billion buyout of Dow Jones by gobbling up the struggling New York Times Co.?

The answer appears to be yes, as impossible as present economic conditions make it for most deals of any kind to get done.


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