As the Tribune Co. continues to struggle to find an acceptable exit plan for its long-running bankruptcy case, a potential buyer has set his sights on the Chicago Tribune.  News Corp Chairman and CEO, Rupert Murdoch, is eyeing the Los Angeles Times and the Chicago Tribune as possible acquisitions.  If the purchases were to go through, this would give News Corp markets in both Los Angeles and Chicago.  However, any sale would need the approval of the bankruptcy court in addition to dealing with issues raised by the Federal Communications Commission.

For more read, “Murdoch eyes LA Times, Chicago Tribune: report.”