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Last night Stephen Colbert took on The Daily, the much ballyhooed iPad application jointly produced by Apple and News Corp. Colbert railed on Fox News editorial decision to eschew breaking news of the Egyptian revolution for promoting the new iPad product before lampooning a leaked memo of Daily EIC Jesse Angelo.

Somebody call Gossip Cop. As theories about the fate of NBC Universal rages on, one eyebrow-raising potential bidder has popped up in press accounts: Rupert Murdoch‘s News Corporation. Two questions worth asking: how likely is this? More importantly, what’s in it for both parties to keep this speculation alive?