×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Reports: Murdoch close to deal to acquire ‘Newsday’ from Tribune Co.

Published on .

New York—Tribune Co. is nearing an agreement to sell Newsday to Rupert Murdoch’s News Corp. for $580 million, according to reports.

WSJ.com, which is owned by News Corp., reported that “price structure and governance” have been agreed upon between Tribune Co. and News Corp. but said no deal is imminent. Murdoch, who also owns the New York Post, would reportedly keep the two dailies separate. Spokespeople for Newsday and Tribune Co. could not be reached for comment.

Newsday has been in play for the past several weeks. Along with Murdoch, New York Daily News owner Mort Zuckerman and Cablevision Chairman Charles Dolan have been mentioned as possible suitors for Newsday.

—Matthew Schwartz

Most Popular
In this article: