Rupert Murdoch Won't Be Buying Chicago Tribune or LA Times

Looks like there are a couple more companies that Rupert Murdoch won't be buying.

Fresh off the news that Time Warner rejected an $80 billion takeover bid from Murdoch's 21st Century Fox, Murdoch said that he won't be purchasing either the Chicago Tribune or Los Angeles Times. Murdoch cited “cross-ownership laws from another age” via his Twitter account.