Newsday up for sale?
The New York Times reports that three of New York’s biggest moguls are in discussions to buy Newsday, the Long Island newspaper.
The three interested bidders are Rupert Murdoch, chairman of the News Corporation, owner of The New York Post; Mortimer B. Zuckerman, the real estate developer and publisher who owns The Daily News, The Post’s tabloid rival; and James L. Dolan, whose family controls Cablevision, the cable television operator.
The sale process, which is described as a soft auction in which investment bankers are approaching a selected number of buyers, involves several possible kinds of deals. Current estimates say Newsday could be sold in the price range of $350 million to $400 million.
For more click here.
The three interested bidders are Rupert Murdoch, chairman of the News Corporation, owner of The New York Post; Mortimer B. Zuckerman, the real estate developer and publisher who owns The Daily News, The Post’s tabloid rival; and James L. Dolan, whose family controls Cablevision, the cable television operator.
The sale process, which is described as a soft auction in which investment bankers are approaching a selected number of buyers, involves several possible kinds of deals. Current estimates say Newsday could be sold in the price range of $350 million to $400 million.
For more click here.
posted by Kelly at
3/24/2008 09:14:00 AM
0 Comments:
Post a Comment
<< Home