Rupert Murdoch 'in talks' to buy Tribune Media

Rupert Murdoch-owned 21st Century Fox is reportedly in talks with private equity firm Blackstone to buy television station operator Tribune Media.

Murdoch: executive co-chairman of 21st Century Fox
Murdoch: executive co-chairman of 21st Century Fox

According to sources who spoke to The Guardian, Blackstone would provide the financial means, while Fox would provide the TV stations for the joint venture. 

Tribune Media owns 42 local TV stations in the US and one national channel, WGN. It was created three years ago when the Tribune company spun off its print division into a separate entity. 

The Guardian reported that Tribune Media and Blackstone declined to comment while Fox could not be immediately reached. 

In other Fox news, its co-president Bill Shine has been reportedly ousted in the wake of the Bill O'Reilly sexual harassment scandal.

Shine's exit follows that of former chairman, Roger E Ailes who resigned just under a year ago after allegations that he had sexually harassed female colleagues. 

Topics

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Share

1 Meet the new breed of ad agency chiefs

A new wave of first-time CEOs are opting to do things differently in an evolving landscape. They discuss the business model of the future with Jeremy Lee.

Case study: How 'This girl can' got 1.6 million women exercising
Shares0
Share

1 Case study: How 'This girl can' got 1.6 million women exercising

"This girl can" was based on a powerful insight: that the fear of judgement by others is the primary barrier holding women back from participating in sport.

Just published

More