Judge it!
Liberal Zuckerman can't stand conservatives moving gaining ground in their propaganda monopoly.
Murdoch will wait until Zuckerman loses a bunch of money and sells it at a loss.
Business News
Saturday May 10
News Corp. withdraws bid to buy NY newspaper Newsday
“We think everything's in hand”
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday.
The decision to revoke the offer came just days after Murdoch confidently predicted he would clinch a deal to buy the newspaper within a week.
News Corp. had offered about $580 million for the paper, one of the country's biggest, but it was competing against rival bids from Cablevision Systems Corp. and New York Daily News owner Mortimer Zuckerman. Cablevision had reportedly made an offer of $650 million for the paper, now owned by the Tribune Co. Read more
Posted by The Associated Press
Full Story: The Associated Press
Complete Coverage: 22 stories
- Reuters UK - News Corp pulls bid for Newsday
- Reuters UK - News Corp unexpectedly drops bid for Newsday
- CBS 13 - News Corp. Withdraws Bid To Purchase Newsday
- 19 more...
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