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Reports that Murdoch-led News Corp is in talks to buy LA Times are 'wholly inaccurate'

Tony Pierce / KPCC

The entryway to the Globe entrance of the Los Angeles Times on First Street in downtown L.A.

After a week of speculation and reports from three major news outlets whose anonymous sources said Rupert Murdoch's News Corporation are in talks with the Los Angeles Times to buy the paper, comes a message from the Australian news giant: it's not true, mate.

"Reports that News Corporation is in discussions with Tribune or the LA Times are wholly inaccurate" a News Corp spokesperson told the Hollywood Reporter on Saturday.

The denial comes after articles in both the L.A. Times and the Murdoch-owned Wall Street Journal this week reported that the world's largest newspaper company was interested in both the Times and the Chicago Tribune.

"Tribune Co.'s debt holders — two investment firms and a bank — will become majority owners of the company after it exits bankruptcy, which could happen by year's end. News Corp. executives have had preliminary talks with these debt holders about acquiring the Los Angeles Times and Chicago Tribune, according to two ranking News Corp. executives and others familiar with the situation," the Times reported late Friday.

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