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

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk plus get exclusive discounts to Campaign events

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
Making media fun again: why we must free our industry from outdated models
Shares0
Share

1 Making media fun again: why we must free our industry from outdated models

The industry needs an audience-first media revolution that balances brand and outcomes, writes Mindshare's global chief executive.

Just published

More