Thursday May 8
Murdoch confident he'll land Newsday
“I don't think Cablevision will prevail”
Although his company is reported to be holding tight to its $580 million offer for Newsday despite apparently being outbid, News Corp. Chairman Rupert Murdoch believes he ultimately will wind up with Tribune Co.'s Long Island, N.Y., newspaper.
Long Island-based Cablevision Systems Corp. submitted a $650 million proposal for Newday last week, a few days after sources said Murdoch reached an agreement in principle with Tribune Co. Chairman and Chief Executive Sam Zell for control of the suburban New York tabloid. Read more
Posted by Chicago Tribune
Full Story: Chicago Tribune
Complete Coverage: 158 stories
- StarTribune - Murdoch says expects to seal a deal for Newsday within a week; Doesn't see regulatory problem
- Forbes.com - News Corp.: Newsday In The Bag
- SNL Financial - Murdoch confident in Newsday bid
- 155 more...
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