When a media company goes on the sales block, people have plenty to say about it--especially other media outlets. And if that company reportedly for sale is in the media capital of New York, it compounds the effect further.
With Tribune experiencing the choppy waters of the overall economy and the shift of advertising from newspapers to other places, owner Sam Zell is reportedly looking at selling off some of his new-found assets to pay off his company's huge debt. Newsday, long seen as a prime property and the third largest paper within Tribune, could fit with that sales strategy.
So far, the New York Times, Wall Street Journal, Crain's New York (which started this tizzy of talk Thursday), the New York Post, Chicago Tribune the Los Angeles Times and Jimmy Breslin in Portfolio are among those weighing in. Their takes are variations on a theme: the lead contender is seen as Rupert Murdoch and News Corp., followed in no particular order by Long Island-based Cablevision and the New York Daily News' owner, Mort Zuckerman.
--Noel Rubinton
Comments (1)
This is another disaster in the works.. God Bless all who are left from the cut that just happened!.. This is a pure example of more lies from Sam Zell!! How sad , At one point it sounded like Newsday had a chance!!!