Will News Corp. Buy Newsday?
News Corp. won’t comment, but the Rupert Murdoch-owned mega-company, which owns the Post, is rumored to be a potential bidder for Tribune Co.-owned Newsday. Last week, Tribune Co. quietly said all of its properties, including the Los Angeles Times, could be sold individually.
According to Newsday, developer Robert Toussie has expressed interest in buying the paper — which analysts quoted by Newsday put the price tag at anywhere from $472.2 million to $674.6 million to more than $1 billion.
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