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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 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.
Zell says 'significant erosion' in revenue may prompt him to sell off more Tribune Co. assets Tribune Co. CEO Sam Zell said Thursday he may sell off more of the media conglomerate's assets than planned because of the rapid deterioration of the company's revenues.
Newsday stock-swap sale could save Zell $245M Sam Zell, currently $12.8 billion in debt with the Tribune Co., is reportedly structuring a possible sale of Newsday in a way that could save him hundreds of millions of dollars in capital gains taxes.
I try my best NOT to write about the newspaper business much in this blog. Part of the reason is because I was a newspaper editor for 20 years and just feel there are better things to write about. But it’s also because newspapers (specifically, newspaper owners and managers) are so screwed up that I could blog about them just about every day.
Bronstein and Blethen debate local vs. corporate parents A year ago, their companies settled one of the most bitter legal battles in newspapers when the JOA lawsuit between The Seattle Times and Hearst's Seattle Post-Intelligencer ended.
In six months, they'll all be idiots, too An old pro recently asked, "Is there anything newspapers can do to turn it around at this point?, that's what my friends are asking me." My reply, well, today, no, if you mean turning the business back up, on a dime. There's a bright future out there, earned by doing a number of new (and old) things right, but nothing's going to turn the line on the chart brightly upward in the short term.
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