Stalled ownership-rule changes halt Murdoch's newspaper deals

02/6/2013 | Bloomberg

News Corp. chief Rupert Murdoch's bid to acquire newspapers owned by Tribune Co. in markets where there are Fox TV outlets is being stymied by a stalemate over relaxing federal cross-ownership regulations. Federal Communications Commission Chairman Julius Genachowski has not been able to secure a majority for easing ownership restrictions, which would allow News Corp. to potentially acquire the Los Angeles Times and the Chicago Tribune, according to this article.

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