Zuckerman Matches Murdoch’s Bid for Newsday

Mortimer B. Zuckerman, the owner of The Daily News, believes he can snatch Newsday from Rupert Murdoch without offering a dime more than the $580 million already on the table.

Late Friday afternoon Mr. Zuckerman submitted a bid of $580 million for the Long Island-based newspaper, according to a person briefed on the matter. The bid sets up a potential bargaining battle by the owners of New York’s two tabloids: The Daily News and The New York Post.

Mr. Zuckerman opted not to submit a higher bid. Instead, he will make the argument to the Tribune Company, the debt-laden parent company of Newsday, that his bid is more attractive because it does not have the potential to fall into regulatory limbo.

Mr. Murdoch’s offer would almost certainly be scrutinized by the Federal Communications Commission under its new media ownership rule. [Click for MORE]

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Newsday Gains New Potential Buyer

Yet another wealthy media figure may be interested in buying Long Island newspaper Newsday from ailing Tribune Co. Jared Kushner, the owner of the New York Observer and son of real-estate developer Charles Kushner, is among those who may be contemplating bids to buy or enter into a partnership with Newsday, according to a person familiar with the situation.

Mr. Kushner, who declined to comment, would join a playing field crowded with big egos and deep pocketbooks. Among those already considering a bid for Newsday are Rupert Murdoch's News Corp., owner of the New York Post and The Wall Street Journal, New York Daily News owner Mortimer Zuckerman and Long Island cable operator Cablevision Systems Corp., according to people familiar with the situation. [Click for MORE]

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Three New York Moguls in Talks to Buy Tribune's Newsday

Three of New York’s biggest moguls are in discussions to buy Newsday, the Long Island newspaper, from the Tribune Company, people involved in the sale process said Thursday.

The three interested bidders are Rupert Murdoch, chairman of the News Corporation, owner of The New York Post; Mortimer B. Zuckerman, the real estate developer and publisher who owns The Daily News, The Post’s tabloid rival; and James L. Dolan, whose family controls Cablevision, the cable television operator, these people said. [Click for MORE] Sphere: Related Content