LA Biz Observed
 
Bio • Email • Archive
 

 

As long as the Tribune CEO keeps dangling Newsday, he's certain to find friends. NY Daily News owner Mort Zuckerman upped his offer for the Long Island newspaper this afternoon, matching Rupert Murdoch's reported $580 million bid. No specifics on what the offer includes - specifically whether it provides the types of tax breaks that Murdoch was said to be offering Zell. (Tax considerations are all-important to Sam.) And let's not rule out two other possible bidders: Long Island cable operator Cablevision Systems Corp. and Jared Kushner, owner of the New York Observer. The betting is still with Murdoch, despite the potential regulatory hurdles of owning two dailies in the same market.(AP, WSJ)

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
6:50 PM Thu | Largest crowd for a Walk of Fame star ceremony that many could remember, outside the Capitol Records tower on Thursday. Photo by Gary Leonard.