Reports: Murdoch Among Bidders For Newsday

[THUNDER HANDS]

Source: Newsday

Chicago-based Tribune Co., struggling with declining revenues and crunching debt, may be getting ready to sell Newsday, according to media reports.

Billionaire media mogul Rupert Murdoch's News Corp. has submitted a bid to acquire Newsday, Crain's New York Business reported on its Web site, attributing the information to a "newspaper industry insider." A later post from The Wall Street Journal, which is owned by News Corp, listed Bethpage-based Cablevision Systems Corp. as a possible bidder. The Journal report was attributed to "people familiar with the situation."

The New York Times also reported on its Web site that New York Daily News owner Mortimer Zuckerman also has shown interest in the newspaper.
Representatives for Newsday and Chicago-based Tribune Co. would not comment on a possible sale of Newsday. A News Corp. official originally told Crain's he "knew nothing about any bid for Newsday," but later told Newsday he could not comment on a possible bid. A Cablevision spokesman did not return calls seeking comment.

Newsday already distributes News Corp.'s New York Post on Long Island under an existing agreement.

Reflecting on the possible acquisition, media analyst James Goss of the brokerage Barrington Research, said, "If you can structure it so you combine operations without combining brands, that could be very successful, it would be up to the government to let it happen."



Read more: http://www.newsday.com/business/ny-bzmurd0321,0,303300.story

---

:mad:

This better not happen. I like Newsday a lot. They're probably the best all-around newspaper in New York. How can Murdoch be able to buy two of the big four papers in New York. That's insane.

[fascisthunter]

1. Time to Break Up Media Monopoly

Murdoch can go to fucking hell where his fascist self belongs.

[Mozcram]

2. WOW! THIS IS BREATHTAKING......

I may be TOTALLY OFF, but isn't Murdoch now owner of Dow Jones?
Or am I off my rocker? lol
Well, if he is, that means he is the owner also of
The WALL STREET JOURNAL, a super-powerful paper,
and I know he owns the crazy yet entertaining
NEW YORK POST

Can you imagine him owning a third New York City newspaper!
That is the most outrageous thing I have ever heard

and today it is easily possible.

because monopolies* are allowed to thrive and expand,
a great deal of power and control are in the hands of a few

and Murdoch is one whose hands are not good to have toying with
the controls on a news organization.

Look at Fox! Ugh!

I am not religious, but I will say a prayer...

[Kool Kitty]

3. Damn.

I love "Newsday". Hope this doesn't happen.

[Hissyspit]

4. This country is fucked. Americans are too ignorant to realize it.

[LTR]

5. There is no way in hell the FCC and SEC will let this happen

Murdoch got enough shit for the two TV stations and the NY Post. Then the Wall Street Journal.

Federal regulators won't let him buy Newsday. They probably won't even let the Daily News buy it. They get rather touchy about newspaper consolidation. Ridiculous amounts of red tape.

[NikolaC]

10. Oh I Think That They Will

They are all for consolidation. He should not have been allowed to get the Wall Street Journal, but he did. There is no stopping Murdoch when he wants something and that is what is so incredibly sad about this. He has been allowed to expand his media empire with little to no interference. Don't count on the FCC or SEC to do their jobs on this.

[evolvingsteve]

6. Wait a minute here....

Isn't there a National Monopoly Law that is against this sort of thing? Someone give me a link here or something, he seriously can't get away with this. There has to be a way to prevent this from happening. The man may be rich, but money can't and shouldn't let him get away with this.
Again, I don't think he can even do this legally, am I wrong?

[aaroh]

7. Look on the bright side

Rupert Murdoch is 77 years old and will die soon.

[DeeDeeNY]

8. Media consolidation has got to be stopped

I have to admit I get more actual news from DU every day than I do from reading Newsday.

[NikolaC]

9. I Grew Up Reading Newsday

The thought of that evil P.O.S. owning it makes me want to vomit a little in the back of my throat. The horrible damage that he has done to journalism is like a cancer and he now wants to spread it to one of the last good papers left in the country :mad:. This worries me because when Murdoch wants something, he gets it, the Wall Street Journal/Dow Jones comes to mind. :puke: