Post and Daily News Explore Deal

What You Should Have Read, July 16, 2008

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Post and Daily News Explore Deal

The New York Times breaks the news of talks between bitter rivals. Rupert Murdoch, whose News Corporation owns The New York Post, and Mortimer B. Zuckerman, the real estate developer and owner of The Daily News, are considering the unthinkable: finding ways to combine some business functions of The News and The Post. All of which means things must be pretty desperate in newspaper land. The talks, which were sparked back in May when the two moguls separately bid to own Long Island's Newsday, have centered on combining printing, distribution and other back-office functions, while maintaining separate companies and separate news staffs, in an effort to slash millions in annual costs.
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