21st Century Fox is reportedly in talks with investment firm Blackstone Group, to buy Tribune Media ahead of this week's bidding deadline, according to The New York Times.

Tribune Media, which owns 42 stations nationwide, and the most Fox affiliates of any station conglomerate, was cleared for sale after the FCC voted last week to reduce the limits on broadcast ownerships.

Why it matters: Reports surfaced last week that conservative-leaning Sinclair Broadcasting Group, which owns over 173 stations nationwide, was gunning to snatch up Tribune, which would extend its reach to TV markets in New York, Chicago, and Miami.

Between the lines: With all of the drama occurring around the future of 21st Century Fox, it makes sense that the Murdochs would want to diversify its revenue stream and invest in TV businesses with steady cashflows. The family is currently awaiting regulatory approval for the acquisition of Sky TV in the UK.

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Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events
  6. World: Restrictions grow across Europe.
  7. Media: Fox News president and several hosts advised to quarantine.

Republicans and Dems react to Coney Barrett's Supreme Court confirmation

President Trump stands with Judge Amy Coney Barrett after she took the constitutional oath to serve as a Supreme Court justice during a White House ceremony Monday night .Photo: Tasos Katopodis/Getty Images)

President Trump said Judge Amy Coney Barrett's Senate confirmation to the Supreme Court and her subsequent taking of the constitutional oath Monday was a "momentous day," as she she vowed to serve "without any fear or favour."

  • But as Republicans applauded the third conservative justice in four years, many Democrats including Speaker Nancy Pelosi (Calif.) warned of consequences to the rush to replace the late Justice Ruth Bader Ginsburg ahead of the Nov. 3 election, with progressives leading calls to expand the court.
Ina Fried, author of Login
57 mins ago - Science

CRISPR pioneer: "Science is on the ballot" in 2020

Photo: "Axios on HBO"

In her three decades in science, Jennifer Doudna said she has seen a gradual erosion of trust in the profession, but the recent Nobel Prize winner told "Axios on HBO" that the institution itself has been under assault from the current administration.

  • "I think science is on the ballot," Doudna said in the interview.

Why it matters: That has manifested itself in everything from how the federal government approaches climate change to the pandemic.