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May 2 2008 6:06PM EDT

Late Breaks: 'Newsday' Too Rich for Rupe's Blood?

-Rupert Murdoch won't raise his bid for Newsday above $580 million, even though Cablevision is offering $650 million -- at least according to "a person familiar with the matter." [Canadian Press]

-Fox News's John Gibson thinks it's hilarious that Rachel Maddow is a lesbian. [Media Matters]

-Jon Fine doubts that Mike Bloomberg will, should, or wants to buy The New York Times. [BusinessWeek]

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