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Reuters: News Corp unexpectedly drops bid for Newsday

Started by chris, May 10, 2008, 09:21:07 PM

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chris

News Corp unexpectedly drops bid for Newsday
      


NEW YORK (Reuters) - Rupert Murdoch's News Corp 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.
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