News Corp. Trying to Slim Down for Spinoff

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Photo: Imeh Akpanudosen/Getty Images

Rupert Murdoch is attempting to sell his Dow Jones Local Media division of local newspapers, such as the Cape Cod Times, now that News Corp.'s publishing business is on its own. While the New York Times Company dumped their comparable unit last year, News Corp. previously tried to unload the small-time publications in 2008, when nobody was buying much of anything, and couldn't find a taker. Warren Buffett, call your office.