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Murdoch says he cannot buy Tribune or LA Times

Published 07/18/2014, 02:59 PM
Updated 07/18/2014, 03:20 PM
Murdoch says he cannot buy Tribune or LA Times

LOS ANGELES (Reuters) - Twenty-First Century Fox cannot buy publisher Tribune Co or its Los Angeles Times newspaper, Fox Chief Executive Rupert Murdoch wrote on Twitter on Friday, citing U.S. laws on media ownership.

"Sorry can't buy Trib group or LA Times - cross-ownership laws from another age still in place," said tweets attributed to Murdoch.

© Reuters. Murdoch, executive chairman of News Corporation, reacts during a panel discussion at the B20 meeting of company CEOs in Sydney

Fox earlier this week revealed it had made a roughly $80 billion bid for Time Warner Inc that was rebuffed.

(Reporting by Lisa Richwine; Editing by Bernard Orr)

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