 |
|
|
|
 |
 |
Person close to talks: Cablevision close to getting Newsday
posted 7:03 pm Sun May 11, 2008 - NEW YORK
Stay on top of breaking news! Sign up for ABC 7 News e-mail alerts.
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.
Looking For A New Engineering Job? Click Here
Not a member yet? Click Here to sign up.
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or
advertising content or inappropriate links may be removed and may result in the loss of your posting privileges.
Please do not post any private information unless you want it to be available publicly.
Never assume that you are completely anonymous and cannot be identified by your posts.
© 2008 WJLA-TV
© 2008 The Associated Press
All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The 'RUNNING MAN' icon is a registered trademark of America Online, Inc.
ABC 7 News to leave comments on news stories.