Romenesko

Wall Street Journal
A possible joint bid by Rupert Murdoch's News Corp. and the Chandlers for Tribune is another sign of the family's distaste for the newspaper business, report Martin Peers and Sarah Ellison. If the bid if successful, News Corp. would use the stake to negotiate merging back-office functions of Newsday with the New York Post. "Whatever happens, News Corp. isn't likely to buy Newsday any time soon," write Peers and Ellison. "The company doesn't have permanent approval for what it already owns in New York – the Post and two TV stations."