News Corp said on Saturday reports that it is in discussions with Tribune Co or the Los Angeles Times are "wholly inaccurate."The Los Angeles Times newspaper reported on Friday that News Corp Chairman and CEO Rupert Murdoch is looking to purchase the Los Angeles Times and Chicago Tribune, two of the country's largest newspapers, when owner Tribune Co emerges from bankruptcy.The paper also reported that News Corp executives are in the early stages of talks with Tribune Co's debtholders including Oaktree Capital, with an eye toward securing footholds across the three top U.S. markets of New York, Los Angeles and Chicago.The Chicago Tribune and Oaktree have declined to comment.
News Corporation is a diversified global media company. Shares of NWSA fell by 2.01% or $-0.51/share to $24.91. In the past year, the shares have traded as low as $15.93 and as high as $25.50. On average, 14609600 shares of NWSA exchange hands on a given day and today's volume is recorded at 14554629.
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