'Newsday' Win Looks Imminent for Murdoch

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NEW YORK Rupert Murdoch has signaled he will be the owner of Newsday as early as next week.

During a News Corp. earnings call with analysts Wednesday, Murdoch said he was confident that he would be the owner of the Long Island, N.Y., paper for $580 million.

Newsday‘s Mark Harrington and Ellen Yan reported that during the call, Murdoch said, “This is a great market, and this will give us a very powerful position.”

Murdoch was sure that Cablevisions Systems’ bid of $650 million would not affect his offer.

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