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Murdoch Drops Newsday Bid

News Corp. calls matching Cablevision's $650 million offer "uneconomical"

By Wesley Oliver, Newser Staff

Posted May 10, 2008 1:44 PM CDT

(Newser) – Rupert Murdoch has dropped his $580 million bid for Newsday. Cable operator Cablevision has offered $650 million for the Long Island daily, and Murdoch’s News Corp. said a higher bid would be “uneconomical.” The media tycoon’s dropout was unexpected, Reuters says,... Read full story »

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Murdoch Drops Newsday Bid

News Corp. calls matching Cablevision's $650 million offer "uneconomical"

Rupert Murdoch • Sam Zell • Tribune Company • Cablevision • Newsday • News Corp • Mortimer Zuckerman

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