Cablevision Bids $650 Million For Newsday; Murdoch Won't Match; Zuckerman Status Uncertain Reports
This story was written by Staci D. Kramer.
Offering to outspend Rupert Murdoch and Mort Zuckerman by $70 million to acquire Newsday from Tribune Co., Cablevision Systems Corp (NYSE: CVC). has formally bid $650 million, according to the paper's sources. The two publishers were being given the chance to up their matching $580 million bids, but AP is reporting now that News Corp (NYSE: NWS) will not go higher. No word yet on Zuckerman. Meanwhile, Cablevision is declining comment. More to come.
By Staci D. Kramer
PaidContent.org Offering to outspend Rupert Murdoch and Mort Zuckerman by $70 million to acquire Newsday from Tribune Co., Cablevision Systems Corp (NYSE: CVC). has formally bid $650 million, according to the paper's sources. The two publishers were being given the chance to up their matching $580 million bids, but AP is reporting now that News Corp (NYSE: NWS) will not go higher. No word yet on Zuckerman. Meanwhile, Cablevision is declining comment. More to come.
By Staci D. Kramer
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