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A 'Newsday' Win Imminent for Murdoch?

Magazine article Editor & Publisher

A 'Newsday' Win Imminent for Murdoch?

Article excerpt

Rupert Murdoch has signaled he will be the owner of Newsday as early as next week.

During a News Corp. earnings call with analysts Wednesday, Murdoch said he was confident that he would be the owner of the Long Island, N.Y., paper for $580 million.

Newsday's Mark Harrington and Ellen Yan reported that during the call, Murdoch said, "This is a great market, and this will give us a very powerful position."

Murdoch was sure that Cablevisions Systems' bid of $650 million would not affect his offer. "No, I don't think Cablevision will prevail. Just be patient a couple of days," Murdoch said during the call.

New York Daily News owner Mortimer Zuckerman is expected raise his $580 million bid for Newsday.

Murdoch also said on the call that he expects the Melville, N.Y., daily to continue its local coverage: "We see Newsday continuing to be a very important local newspaper covering two of the greatest counties in America and wealthiest counties in America, and the Post covering basically the city of New York, a paper with a very different character. …

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