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
May 10, 2008
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News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp.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
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