Rupert Murdoch pulls plug on Newsday offer

telegraph.co.uk     12-May-2008            

Rupert Murdoch's News Corporation has withdrawn its $580m (£297m) offer for New York tabloid newspaper Newsday after being outbid by Cablevision. ... Mr Murdoch, who wanted to buy Newsday in part to bolster the fortunes of his continually loss-making New York Post, felt... [read full story]                    

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