Zuckerman matches Murdoch
The bid of Rupert Murdoch’s News International for Newsday (including free daily amNewYork) from the Tribune Company is matched by Mortimer Zuckerman, owner of the New York Daily News.
Although the bid is also $580m, Zuckerman’s offer is expected to lead to less public resistance. A Murdoch takeover would also lead to more problems with antitrust legislation because of combined print/TV ownership. (ChainLinks)