Murdoch on way to acquiring Newsday

[babsbunny]

http://www.chicagotribune.com/business/chi-tue_newsday-tribune-newscorpapr22,0,2822012.story

By Phil Rosenthal | Tribune reporter
April 22, 2008
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Rupert Murdoch's News Corp. has an agreement in principle to acquire control of Tribune Co.'s Long Island, N.Y.-based daily newspaper, Newsday, sources said late Monday.

While the sources cautioned terms were not yet final, the complex transaction would have Tribune Co., led by Chairman Sam Zell, selling a majority of the paper to News Corp. for about $580 million, with the deal structured in a way designed to reduce Tribune's taxable capital gains.

[lisa58]

1. I'm sick...

...that was my paper when I was growing up - it's not a great paper, but it was mine.

[derby378]

2. RRAAAHH! MURDOCH HUNGRY! MURDOCH SMASH!

Oh, good Lord. Is he trying to become a real-life Charles Foster Kane?!?

[featherman]

3. And so it continues... the RW already owns the great majority of news

outlets... it's going to be a struggle for us for many years

[lurky]

4. The Post, Newsday, WS Journal, AM New York.

Sounds like he is trying to turn New York into a one paper town.

[whistle]

5. Murdock will not stop until he controls all of the college newspapers across

...the country and even the neighhood free-bees which are dropped onto suburban driveways. It is complete mind-control Murdock seeks

[lurky]

7. You may think you are joking, but...

he has recently begun gobbling up all the neighborhood freebies around NYC. In the last couple years he's bought up 3 different chains with about 30 papers in all. Check it out:
http://www.nytimes.com/2007/07/03/business/media/03paper.html?partner=rssnyt&emc=rss

[Speck Tater]

6. Breaking: Murdoch buys the Internet,

Everyone with a web page now owes him royalties. Please submit all content for approval prior to posting it to your web site.