News Corp (NWS) yesterday described as "wholly innacurate" a report in the LA Times that the...

|About: News Corporation (NWS)|By:, SA News Editor

News Corp (NWS) yesterday described as "wholly innacurate" a report in the LA Times that the media conglomerate is in early discussions to buy the newspaper and the Chicago Tribune from Tribune Co. The LA Times said News Corp is also talking with Tribune Co's debtholders, including Oaktree Capital, who will obtain control of the company after court supervision ends.