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Zuckerman bids $580 million for Newsday The owner of the New York Daily News offered $580 million to acquire Newsday from Tribune Co., matching a bid earlier in the week by Rupert Murdoch's News Corp, The Associated Press was told. |
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News of the Tribune Co. and the newspaper
industry Cablevision strikes deal to buy Newsday Cablevision Systems and the Tribune Company announced a $650 million deal on Monday that will give Cablevision a 97 percent stake in Newsday.
Cablevision's Newsday bid the favorite after Murdoch exits Tribune Co. and Cablevision Systems Corp. Saturday appeared poised to strike a $650-million deal for Newsday after presumptive front-runner Rupert Murdoch exited the stage, according to people familiar with the negotiations.
News Corporation withdraws its bid for Newsday People involved in the negotiations, who asked not to be named because the talks were confidential, said this month that Newsday’s owner, the Tribune Company, seemed headed toward accepting Cablevision’s bid, which at $650 million was the highest. Mr. Murdoch, however, told investors and analysts in a conference call on Wednesday that he remained confident, counseling, “Just be patient for a couple of days.”
King of the city journalism is all the rage Consider the new Big City American journalism and the emerging cast of characters owning it. It's a page right out of the history books when a few well-heeled titans controlled the press, and its new incarnation could have all kinds of implications for the Yahoo Newspaper Consortium, for AP and for the journalism start-ups near and far.
Tribune Publishing results skid in Q1 -- off 11% The Tribune Co. reported that Q1 earnings from continuing operations soared to $1.82 billion compared with $11 million from the same period a year ago. The favorable upswing was due to the change of the company's tax status at the beginning of the year to a subchapter S corporation.
Tribune evaluating offers for Newsday As talks continued yesterday for the sale of Newsday, owner Tribune Co. assessed three similarly structured offers to determine which best fit its own strategic plan and need for debt-bound cash, a source close to the negotiations said.
Newspaper jobs on the move -- over the ocean The excess of newspaper staff-cut announcements in recent months has taken on an unsettling ring. While the loss of jobs is terrifying enough, an added element makes it even more stomach-churning: In some cases, jobs are not so much lost as going elsewhere — often overseas.
After bid by Cablevision, rivals mull offers for Newsday Cablevision Systems Corp.'s $650-million bid for Newsday has been received, and rival suitors were said to be mulling possible changes to their offers, sources familiar with the talks said Thursday.
Newsday: The sale that isn’t a sale Is the Tribune Company dodging the tax man? Not quite, but the newspaper company seems to be doing its best to avoid paying Uncle Sam a piece of the proceeds from the potential sale — or non-sale, if you happen to be a representative from the Internal Revenue Service — of Newsday.
Cablevision Systems Corp. appears poised to make an end-around bid for Newsday this week with an offer expected to top two competing $580-million bids by media barons Rupert Murdoch and Mortimer Zuckerman, according to sources familiar with the matter.
Orange County Register to cut 80-90 jobs The Orange County Register and its affiliated publications are laying off between 80 and 90 employees, or 5 percent of its workforce, because of declining advertising revenue, President and Publisher Terry Horne said Monday.
Zuckerman bids $580 million for Newsday The owner of the New York Daily News offered $580 million to acquire Newsday from Tribune Co., matching a bid earlier in the week by Rupert Murdoch's News Corp, The Associated Press was told.
Other offers for Newsday expected Despite Rupert Murdoch's apparent handshake deal to buy Newsday, Daily News owner Mortimer Zuckerman will submit a "serious" offer for the newspaper Friday while Cablevision works toward a partnership that could see a bid as early as next week, sources said.
Murdoch taking on F.C.C. media rule As he nears completion of a deal to acquire Newsday from the Tribune Company, Rupert Murdoch appears likely to pose the first significant challenge to the media ownership rule that the Federal Communications Commission recently adopted.
Murdoch moving to buy Newsday for $580 million Rupert Murdoch is moving to tighten his already-imposing grip on American news media, striking a tentative deal to buy his third New York-based paper, Newsday, and getting his first chance to appoint the top editor of The Wall Street Journal, after the resignation of the editor on Tuesday.
Murdoch, Newsday close to deal Newsday's parent company is near an agreement to sell the Long Island paper to New York Post owner Rupert Murdoch for $580 million, according to a source familiar with the negotiations and to a published report.
E&P's top 30 newspaper sites for March The Wall Street Journal online and the Web site of The Dallas Morning News made big gains in March with unique traffic. Both sites saw their traffic rise at least 90% compared to the same period a year ago. The data is the latest from Nielsen Online, which ranks for E&P the top 30 newspaper Web sites by monthly unique traffic.
Zell acknowledges bidding going on for Newsday Tribune Co. chief Sam Zell acknowledged for the first time Thursday that there are potential buyers for Newsday, and unlike last year, he's not rejecting them outright.
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