Murdoch Joins Bid for Tribune; Airline Hearing Set

Rupert Murdoch and News Corp. are reportedly joining the Chandler family in a bid for Tribune Co. The Financial Times says Murdoch is motivated by an interest in New York Newsday, one of the Tribune's largest papers. And Delta airline workers are protesting US Airways' attempted takeover of their company. A congressional hearing Wednesday will discuss airline consolidation.

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STEVE INSKEEP, host:

In business news, Rupert Murdoch's media empire could grow larger.

Murdoch's News Corporation is reportedly joining one of the great newspaper families - the Chandler Family - in a bid to buy the nation's second largest media group, the Tribune Company, which owns the Chicago Tribune and a lot more.

The Financial Times says News Corp's participation is motivated by an interest in the newspaper New York Newsday. That's one of the Tribune's largest papers along with the Los Angeles Times and the Chicago Tribune.

Unidentified Man (Delta Worker): Keep it up. Go Delta.

(Soundbite of cheering and applause)

INSKEEP: And there's the sound of Delta Airline workers protesting the attempted takeover of their company by U.S. Airways. They are in Washington to petition lawmakers who meet today, to discuss airline consolidation. And the winds may be in the workers' favor. The $10 billion takeover plan is reportedly losing traction.

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