Murdoch wants Newsday

Rupert Murdoch has placed a $580 million bid to purchase Newsday. According to The New York Times, the purchase of Newsday from the Tribune Company would put Mr. Murdoch in control of 3 of the nation’s 10 largest-circulation papers (the others being The Journal and The New York Post).
Owning Newsday, which is based on Long Island, would also open an eastern front in the long-running battle for New York tabloid supremacy and, by combining some operations, could allow News Corporation to end decades of heavy losses by The Post.
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