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Zuckerman Fights Murdoch for Newsday

By WcP.Watchful.Eye - Posted on 26 April 2008

"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.

News Corporation executives believe the only regulatory scrutiny their deal would receive would be from the Justice Department, regarding to whether combining Newsday and The Post would be anticompetitive.

On this point, Newsday’s circulation overlaps more with The Daily News than with The Post.

However, Mr. Murdoch owns two television stations in the New York area (WNYW and WWOR) and is already in the process of seeking waivers from the F.C.C. to continue to control television stations and newspapers in the same market. "

Photo courtesy of The New York Times

Mortimer B. Zuckerman

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