News Corporation Withdraws Its Bid for Newsday (Published 2008)

Cablevision on Saturday appeared likely to prevail in the bidding for Newsday, people briefed on the matter said, after the News Corporation, controlled by Rupert Murdoch, pulled out of the running. People involved in the negotiations, who asked not to be named because the talks were confidential, said this month that Newsday’s owner, the Tribune Company, seemed headed toward accepting Cablevision

[yabuDK]

Cablevision on Saturday appeared likely to prevail in the bidding for Newsday, people briefed on the matter said, after the News Corporation, controlled by Rupert Murdoch, pulled out of the running.