News Corp unexpectedly drops bid for Newsday (Reuters)

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05-10-2008, 07:41 PM

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News Corp unexpectedly drops bid for Newsday (Reuters)

http://d.yimg.com/us.yimg.com/p/nm/2...t09nGEw bJw--Reuters - Rupert Murdoch's News Corp (NWSa.N) on Saturday dropped its $580 million bid for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island daily.

Read More - Yahoo! News: Business ...

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