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NEW YORK The New York Times late Thursday reported that three moguls are in discussions to buy Newsday, the Long Island, N.Y., newspaper, from the Tribune Co.
The Times attributed the news to “people involved in the sale process.”
The three bidders: none other than Rupert Murdoch, chairman of the News Corp., owner of The New York Post; Mortimer B. Zuckerman, who owns The Daily News; and James L. Dolan, whose family controls Cablevision.
The sale process is described as a soft auction in which investment bankers are approaching a selected number of buyers and involves several possible kinds of deals, the Times reported.
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