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Cablevision Systems to purchase NewsdayCablevision Systems Corp. has outbid Rupert Murdoch's News Corp. for control of Long Island, N.Y., newspaper Newsday, Tribune Co. said. In a prepared statement, Tribune Chairman and Chief Executive Officer Sam Zell said he expected Cablevision would Tribune Co. will get $612 million and retain 3 percent of the company. Cablevision will also pay $18 million in rent on Tribune Co. property, including Newsday's headquarters and printing plant, the Tribune reported. Tribune Co. will continue to own these properties, the report said. News Corp. withdrew an offer of $580 million on Saturday, the day before the Cablevision deal was announced. Copyright 2008 by United Press InternationalPublication date: 12 May 2008 Source: UPI-1-20080512-08543200-bc-us-newsday.xml Archive ADsLatest news
08.07.2008 - Major grains trade lower Tuesday
08.07.2008 - UPI NewsTrack Business 08.07.2008 - U.S. indexes post gains Tuesday 08.07.2008 - U.S. indexes up slightly Tuesday afternoon 08.07.2008 - Retail sales gain slightly on week 08.07.2008 - Crude oil prices retreat from record 08.07.2008 - GM may cull overlapping brands 08.07.2008 - BBC raises come despite of scandals 08.07.2008 - Oil man Pickens to promote domestic energy 08.07.2008 - British budget gap may reach $14.7 billion 08.07.2008 - U.S. carriers improved performances in May 08.07.2008 - EBRD and BRD become shareholders of Mobiasbanca 08.07.2008 - Uproar over new Canadian texting fees 08.07.2008 - Minimum subsistence level in Moldova at 1,315 lei a mon... 08.07.2008 - Moldovans’ incomes are lower than minimum subsistence l... 08.07.2008 - Rabnitsa Metallurgical Plant produced about 82,300 tonn... 08.07.2008 - Festival of Beer and Soft Drinks in Balti 08.07.2008 - Local budgets’ revenues in first half of 2008 at 3.265,... 08.07.2008 - U.S. indexes up slightly Tuesday afternoon 08.07.2008 - Fed considers extending lending programs |
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