News Corp.: No Interest in Yahoo!

Updated from 5:12 p.m. EST

Rupert Murdoch may have shaken up "old media" with his blockbuster acquisition of The Wall Street Journal last year, but don't expect him to get into new media's latest kerfuffle over Microsoft's (MSFT Quote) $44 billion bid for Yahoo! (YHOO Quote).

"We are definitely not going to make a bid on Yahoo," said Murdoch on a conference call with analysts following his media empire's second-quarter earnings report to Wall Street. When asked if he would have any interest in Time Warner's (TWX Quote) AOL unit, he said "That's an even easier question -- no."

Murdoch said News Corp. has no acquisition targets in its sights at the moment. ...