Another baseball owner looks at newspapers

Another sports mogul could be looking to expand his empire into the media, with Los Angeles Dodgers boss Mark Walker pondering a purchase of the Los Angeles Times.

The speculation comes just weeks after The Boston Globe was purchased by Red Sox owner John Henry.

“The Los Angeles Times says something,” Mr Walter said before the Dodgers played the Red Sox in LA.

“It means something. It’s a brand. I think people have undervalued that. If the price were right, I would buy it.”

The Los Angeles Times is currently owned by Tribune Company, which owns a number of newspapers across America, including the Chicago Tribune, as well as broadcast assets, cable television and digital assets.

It previously owned the Chicago Cubs baseball team, before selling it in 2009.

The company emerged from bankruptcy last year, and recently announced plans to spin off its newspapers from its other assets.

Mr Walter said he was interested in buying both of Tribune Company’s flagship newspapers because he believed they would be wise investments.

Other potential buyers of The LA Times, according to media speculation, include Rupert Murdoch’s NewsCorp, Orange County Register owner Aaron Kushner, and LA businessman Eli Broad.

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