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Tribune Looks to Sell Newsday

What You Should Have Read, March 21, 2008

Published on .

Tribune Looks to Sell Newsday
Crain's New York Business broke the news yesterday that Rupert Murdoch, News Corp. chairman, was eyeing Newsday with the intent of merging back-office operations with the New York Post. This morning The New York Times follows up with a story noting that along with Mr. Murdoch, the other two parties interested in the Long Island tabloid include 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 Wall Street Journal, now also owned by Mr. Murdoch's News Corp., lays out the reasons that Tribune Co.'s new owner, Sam Zell, is interested in the sale: He needs the money.
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