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Article: News Corp. bids for New York paper Murdoch makes tentative $580 million deal to buy Newsday
- Article from:
- International Herald Tribune
- Article date:
- April 24, 2008
- Author:
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Richard Perez-Pena and Tim Arango The New York Times Media Group
International Herald Tribune
04-24-2008
News Corp. bids for New York paper Murdoch makes tentative $580 million deal to buy Newsday
Byline: Richard Perez-Pena and Tim Arango The New York Times Media Group
Edition: 1
Section: FINANCE/BUSINESS
NEW YORK --
Rupert Murdoch is moving to tighten his already imposing grip on the American news media, striking a tentative deal to buy his third New York-based paper, Newsday, and getting his first chance to appoint the top editor of The Wall Street Journal, after the resignation of the previous managing editor.
His $580 million bid for Newsday and his urgency in remaking The Journal worry ...