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Rupert Murdoch in talks to buy LA Times

Rupert Murdoch is shown in this undated file photo.

October 20, 2012 12:00:00 AM PDT
Rupert Murdoch may have his sights set on buying the Los Angeles Times.

According to reports, the News Corporation chairman and CEO is interested in purchasing the paper from the Tribune Company.

The Los Angeles Times reports Murdoch has long eyed getting his hands on the paper. But attempts to go after the paper are likely to have regulatory hurdles.

The Tribune Company filed for bankruptcy four years ago and has been caught up in court over competing plans to emerge from bankruptcy ever since.