ink-stained wretches

News Corp. Trying to Slim Down for Spinoff

Rupert Murdoch attends the 20th Century Fox And Fox Searchlight Pictures' Academy Award Nominees Celebration at Lure on February 24, 2013 in Hollywood, California.
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.

News Corp. Trying to Sell Local Newspapers