Murdoch Moving to Buy Newsday for $580 Million

Samuel Zell, chairman and chief executive of Tribune Company, is putting Newsday up for sale. — The New York Times
**Murdoch Moving to Buy Newsday for $580 Million (Published 2008)**
**Richard Pérez-Peña and Tim Arango** • 4/23/2008
A tentative deal to buy his third New York newspaper would tighten Rupert Murdoch’s grip on American news media.

heads up: this is a pretty old post, it may be outdated.

Wed Apr 23 2008

Rupert Murdoch is moving to tighten his already-imposing grip on American news media, striking a tentative deal to buy his third New York-based paper, Newsday, and getting his first chance to appoint the top editor of The Wall Street Journal, after the resignation of the editor on Tuesday.

—Murdoch Moving to Buy Newsday for $580 Million - New York Times

Woah. This deal is surprising to say the least, but I rather like the way the NYT covered this. It's biased, no doubt about it, but I think this is a rare case where being biased is a good thing.

News Corp. buying Newsday puts it in control of another of the nation's top 10 newspapers (the other being The New York Post), both in the New York area. The article does state that "a takeover of Newsday by News Corporation, which also owns two New York City television stations, could face trouble with regulators."

The article fails to mention that the NYT is also in New York City and will have to deal with the fallout from the takeover as well.

That said, I'm a big fan of Outfoxed, a big critic of the Murdoch Effect (though I actually like some of the 'infotainment' principal), and against media conglomerations. Though this article was a bit more news analysis than it should have been, I'm pleased that the tilt was so anti-News Corp.