LOS ANGELES — Now that Rupert Murdoch is spinning off News Corp.'s publishing properties into a separate company, media observers have identified the Los Angeles Times as a likely target for acquisition.
Murdoch isn't one of them.
"It won't get through with the Democratic administration in place," Murdoch said.
Murdoch was alluding to federal regulations that seek to limit media consolidation. A Federal Communications Commission rule adopted in 1975 bars the same company from owning newspapers and television stations in the same market. News Corp. owns two TV stations in Los Angeles.
News Corp. is expected to split into two companies this summer and Murdoch will be chairman of both entities.
Jack Goodman, a communications lawyer and former attorney with the National Association of Broadcasters, said Monday that separating the newspapers from the TV stations will not get Murdoch out of the cross-hairs of FCC cross-ownership rules.
Under the FCC's rules, because Murdoch would be a common officer of both corporations, the assets of one would be considered owned by the other.