Report: Murdoch Eying 'Newsday'

Not a Portfolio.com Insider?

In This Issue of Condé Nast Portfolio

Home > Views > Blogs > Mixed Media > Report: Murdoch Eying 'Newsday'

Your Name

Your Email Address *
Send a copy to me

Recipient's Email Address *

Separate multiple email addresses (max 20) with commas.

Subject *

Message

0/1500

Email Confirmation

Mixed Media

by Jeff Bercovici

Main

How a Lucky Break Helped 'Esquire' S... Sam Zell to Tribuners: Don't Wait to...

Mar 20 2008 4:54PM EDT

The New York Post, The Wall Street Journal...and now Newsday? Crain's New York Business says Rupert Murdoch is interested in taking the Long Island tabloid off Tribune Co.'s hands, according to "one newspaper industry insider" who is presumably more authoritative than that attribution indicates.

It's hard to see new Tribune chairman Sam Zell rebuffing an approach. In fact, today, reporting a fourth-quarter loss of $78.8 million, he explicitly said he will consider divesting some assets in light of worse-than-expected market conditions.

Murdoch has said in the past that owning Newsday would help him drag the Post into the black. Whether it would pass muster with regulators, however, is another question. The Journal escaped antitrust scrutiny because it's classified as a national paper; Newsday (and its freebie spinoff, AM New York) is very much a local outlet.

See more in

Add Your Comment

Already a Portfolio.com Insider? Sign In

Comments*

Thank you for registering as a Portfolio.com Insider. Your comment has been added.

Create Your Public Profile

Recent Blog Posts

Conde Nast Closing 'Portfolio'
Apr 27 2009 10:02AM EDT
Newspaper Circ: 'WSJ' Gains as 'NY Post' Tumbles
Apr 27 2009 9:32AM EDT
Idle Chatter: The Prognosis for Newspapers, more
Apr 27 2009 8:55AM EDT
Late Breaks: MySpace, NYT, 'New York'
Apr 24 2009 4:01PM EDT
Nostalgia, Entitlement and Murdoch's 'Journal'
Apr 24 2009 4:00PM EDT
Huffpo's Lerer on the 'New and Better' Journalism
Apr 24 2009 12:44PM EDT
Ailes Heats Up Cold Spring with Newspaper War
Apr 24 2009 12:33PM EDT
Happy Friday. Now Watch This.
Apr 24 2009 10:24AM EDT
Idle Chatter: NPR Cutbacks, Jon Meacham, more
Apr 24 2009 8:50AM EDT
Late Breaks: Twitter and the 'Times,' more
Apr 23 2009 5:59PM EDT
CNN Partner's Polling Finds CNN Fair, Balanced
Apr 23 2009 4:10PM EDT
'Scientific American' Editor Out in Reorg
Apr 23 2009 3:19PM EDT
Idle Chatter: MySpace, Nerve, 'Millionaire,' more
Apr 23 2009 8:20AM EDT
Late Breaks: 'Observer' Editor Resigns, more
Apr 22 2009 4:15PM EDT
One Marriage, One Memoir, Two Opinions
Apr 22 2009 2:31PM EDT

Links

Also in Portfolio.com

Visit our partner sites

Subscribe to a magazine:

Visit our sister sites:

Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Hemscott. Economic data provided by Econoday. News provided by Comtex. Sec Filings data provided by Edgars. The Wall Street Horizon National Consumer Interest Rate Survey. ©2009 Wall Street Horizon. PMMS Mortgage Data ©2009 Freddie Mac. Mortgage averages are for conforming mortgages with 20% down.