News Corp. ends bid to buy Long Island newspaper Newsday
NEW YORK (AP) -- News Corp. , the media conglomerate controlled by Rupert Murdoch , has withdrawn its bid to purchase the Long Island paper Newsday , a News Corp. spokeswoman said Saturday.
The decision to revoke the offer came just days after Murdoch confidently predicted he would clinch a deal to buy the newspaper within a week.
News Corp. had offered about $580 million for the daily newspaper, ...
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