Gillian Tan, Columnist

When Rupert Murdoch Tweets

The newspaper company says it's not for sale, but shareholders could push it into action.

November 30, 2015 at 5:35 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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Should shareholders of Tribune Publishing be giving belated thanks to Rupert Murdoch?

The 84-year-old media titan took a break from tweeting about politics over the Thanksgiving weekend to break some news about the $260 million company, which counts the Los Angeles Times and Chicago Tribune among its mastheads: Murdoch had "strong word" that Tribune Publishing would be bought by a "big Wall Street firm" while the LA Times would be split off and sold to a group including philanthropist Eli Broad. Asked by a follower if he was unhappy after submitting a losing bid, Murdoch tweeted, "No bid. No interest."