The Observer reports that local independent Brooklyn newspaper The Brooklyn Paper has been purchased by News Corporation. The paper's editor Gersh Kuntzman said he hadn't met or spoken with News Corp. chairman Rupert Murdoch yet, but assured the Observer, "They don’t want the product to change. And they love the product. And the product is fantastic." Kuntzman, a former NY Post writer, had dismissed concerns that the Brooklyn Paper was in financial trouble last year, "Brooklyn needs us too much right now, what with local papers being snapped up by billionaire moguls who have no interest in local news except maximizing classified ad sales," a statement that he now amends to, "Brooklyn still needs The Brooklyn Paper, which is why one of the only people in the world who still believes in newspapers — Rupert Murdoch — is putting his money and genius behind us." Recently, a NY Times article looked at how Murdoch's fondness for printing was hurting News Corp.'s bottom line.