It's A Rupert World

Ad we're forced to live in it:

Tribune Co has reached agreement in principle to sell Newsday to News Corp (NYSE:NWS) for about $580 million in what would be a joint venture, according to a source familiar with the matter.

Under the terms of a deal, Newsday would be part of a joint venture with News Corp's New York Post and other News Corp assets, according to a report in the Wall Street Journal. News Corp would own most of the company and Tribune would keep a stake of less than 5 percent.

Australia was colonized because Great Britain needed an empty* place to dump its criminals. Now those criminals our colonizing our "news" media.

Funny how the world works.

*Aborigines? What Aborigines?

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