Person close to talks: Cablevision close to getting Newsday
By SETH SUTEL, AP Business Writer
NEW YORK
A person with knowledge of the situation says cable TV provider Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million.
The news Sunday comes a day after Rupert Murdoch's News Corp. withdrew its own $580 million bid, despite assurances from Murdoch himself just days earlier that he would prevail.
The person with knowledge of the matter asked to remain anonymous since the talks are confidential. Spokesmen for Tribune and Cablevision declined comment.
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by Sent via email, from Judyth Brown, 6:57 AM, May 14
on In the wake of an international disaster, what image, voice or story made you give?
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by Posted by hjs, May 09, 05:40PM
on What would you tax to fix your state’s budget crisis?
I don't wait for disaster to give, I fight hunger every time I go to the grocery. By buying at least one extra item for the food bank I fight hunger every week."
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by Helen, May 13, 04:37PM
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