Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 8:57:01 AM CST

Learn about Newser Points »

Newsday

Newsday news stories

11 Stories

 Cablevision Buys Newsday 

LI company wins battle for paper

Wall Street Journal Wall Street Journal May 12, 08 8:07 AM CDT
(Newser) - Cablevision will pay Tribune Co. $650 million for Newsday , the companies said this morning. The cable operator's bid for the Long Island daily and its free offshoot amNew York topped $580 million offers from New York Daily News owner Mortimer Zuckerman and News Corp., reports the Wall Street Journal. More »

More about:  Rupert Murdoch • newspaper • Newsday • Cablevision • Mortimer Zuckerman

 Murdoch Drops Newsday Bid 

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

Reuters Reuters May 10, 08 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, considering Murdoch recently told investors a deal was nearly done. A $580 million bid from Mortimer Zuckerman, owner of the rival Daily News , remains on the table. More »

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

Daily News Owner Makes Newsday Bid

Zuckerman v. Murdoch fight may hinge on
who can clear FCC

New York Times New York Times Apr 26, 08 6:02 AM CDT
(Newser) - Daily News owner Mort Zuckerman has matched Rupert Murdoch's bid for Newsday , the New York Times reports—but didn't go a penny over the $580 million the New York Post owner offered. Instead Zuckerman claimed his bid is the better one because, unlike Murdoch's, it doesn't run the risk of running into an FCC tripwire. More »

Murdoch Calls FCC Bluff With Newsday Move

News Corp. would need waiver to dodge anti-consolidation rules

New York Times New York Times Apr 23, 08 6:43 PM CDT
(Newser) - Rupert Murdoch is betting new federal standards limiting media ownership to one TV station and one newspaper (per market) won't keep him from buying a fifth New York outlet. The mogul has long held waivers to control media in excess of the rules, and he doesn't think recent enforcement pledges will stop him from winning permission to own Newsday , the Times reports. More »

More about:  Rupert Murdoch • News Corp • FCC • Wall Street Journal • New York Post • Newsday

 Murdoch
 Closing In on
 Newsday Deal 

Media mogul about to grab third New York paper

Reuters Reuters Apr 22, 08 10:27 AM CDT
(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post , but the papers would remain separate for now. Tribune would get $550 million in cash and retain a 5% stake in Newsday . More »

More about:  Rupert Murdoch • News Corp • acquisition • newspaper • Tribune Company • New York Post • Newsday • media ownership

Zell Turns to Radio Talent
to Shake Up Newspapers

Tribune chief hiring radio veterans to help company

Wall Street Journal Wall Street Journal Apr 7, 08 8:20 AM CDT
(Newser) - New publishing mogul Sam Zell is recruiting colorful veterans from the radio industry in a bid to help save his struggling Tribune Company, the Wall Street Journal reports. Zell is hoping the imports will spark innovation at the company, whose debt has swelled to $12.8 billion amid declining newspaper ad revenue. Most of the new recruits come from Clear Channel Communications; they're expected to shake up Zell's newspapers as they did the radio scene. More »

ANALYSIS

Newsday Sale Another Bad Sign in Teetering Industry

New paper owners face outlook grimmer than those that scared off predecessors

New York Times New York Times Mar 24, 08 11:07 AM CDT
(Newser) - Just last year, Sam Zell was optimistic enough about newspapers to buy the Tribune Company. Now he’s selling Newsday , one of the conglomerate’s top publications. “The news business is something worse than horrible,” he said recently. Across the industry, gung-ho new owners like Zell are experiencing buyer’s remorse, David Carr writes in the New York Times . More »

 Zell Might Sell Newsday 

Tribune Co. may unload paper; Rupert Murdoch is interested

New York Times New York Times Mar 20, 08 9:44 PM CDT
(Newser) - Falling ad revenues could push Sam Zell's Tribune Company to sell Newsday , the Long Island newspaper with the 10th-highest circulation in the nation, the New York Times reports. Among those interested are Rupert Murdoch, who already owns the New York Post . Also in the running are the owner of the Daily News and the family that runs Cablevision. Tribune announced yesterday it lost $78 million in the fourth quarter. More »

More about:  Rupert Murdoch • News Corp • Tribune Company • Sam Zell • ad revenue • New York Post • Newsday • Mortimer Zuckerman

Zell Seals $8.2B Tribune Deal

Vows sweeping change at now-private media company

Chicago Tribune Chicago Tribune Dec 20, 07 1:16 PM CST
(Newser) - Billionaire Sam Zell today sealed his bid to buy Tribune Co., proving wrong all Wall Street naysayers since his original $8.2 billion offer last April. Zell steps in as CEO and chairman, and promises sweeping reforms to the way the now-private media conglomerate will be run, the Chicago Tribune reports. "You call it CEO and I'll call it owner," Zell said of his new role. More »

More about:  Chicago Cubs • Tribune Company • Sam Zell • Los Angeles Times • Newsday

Strahan to Rejoin Giants

Defensive end reportedly poised to end his holdout

Newsday Newsday Aug 21, 07 2:01 AM CDT
(Newser) - Defensive end Michael Strahan will likely return to the Giants soon, possibly in time for their preseason match-up against the Jets this Saturday, according to a Newsday source. Strahan, who racked up over $300,000 in fines for skipping training camp to mull retirement, reportedly told his squad through an agent that he's ready to play without restructuring his contract. More »

More about:  NFL • football • New York Giants • New York Jets • Newsday • Michael Strahan • Jerry Reese

Trib Deal Could Come Undone

Wall Street unsure of Zell takeover will go through

New York Times New York Times Aug 20, 07 3:21 PM CDT
(Newser) - The Tribune Company’s shareholders are meeting tomorrow to approve Sam Zell’s $8.2 billion takeover, but whispers persist on Wall Street that the deal will crumble. A disappointing stock price, concerns about the fading newspaper business, and a sagging credit market have convinced some analysts that Zell’s offer of $34 a share will be lowered to ease the company’s debt. More »

11 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »