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Cablevision to Bid $650 Mil. on Newsday

May 1, 2008  •  Post A Comment

Cablevision will make a $650 million bid for Long Island newspaper Newsday, or about $70 million more than competing offers from Mortimer Zuckerman and Rupert Murdoch’s News Corp. the New York Times reports, citing people familiar with the situation it didn’t identify. Meanwhile, Jared Kushner’s Observer Media Group dropped out of the bidding, the newspaper says.
— Danny King

One Comment

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