Is Rupert Murdoch looking to buy a baseball team?

The New York Post, a publication owned by Rupert Murdoch's News Corporation, has reported that its parent company is weighing up a bid on the bankrupt Texas Rangers, a team that may fetch some $400 million, the Post reports.

This isn't the first foray the media giant has made into the professional sports world, though. The company owned the LA Dodgers up until 2004 and is considering making a bid at Wednesday's bankruptcy court auction.


"It is kind of silly not to buy them," one source said. [New York Post]