It looks like everyone knows about as much as we do on this one – from Michael Wolff’s tweets alone. On Saturday the Vanity Fair columnist and Murdoch biographer suggested, via Twitter, that News Corp could be looking to sell the Times and the Sunday Times: “Rumor in London banking circles: Times and Sunday Times up for sale.”
Before long, @michaelwolffnyc’s short message was on the re-tweet circuit:
But if Wolff knows more detail, he’s keeping it to himself for now. Meanwhile he’s asking other journalists if they know more…
@johngapper [Financial Times columnist] Working it right now. Being characterized as “strong rumor among private equity” that Times and Sunday Times could be on block.
@janinegibson [Guardian.co.uk editor] Funny how that happens. Have you heard anything – beyond tweets?
From Beet TV: Journalist and Murdoch biographer Michael Wolff on why News Corp’s acquisition of MySpace could be seen as a ‘relative calamity’ because the corporation ‘knows nothing about technology’. “We’ve seen this again, and again, and again and again … when mainstream traditional media companies buy technology companies they don’t do very well. Often they do terribly and often they actually collapse.”
An extract from Michael Wolff’s forthcoming book, The Man Who Owns the News, in October’s Vanity Fair, which, among other revelations, details how he acted as a peace broker between Barack Obama and his Fox News Network.