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Published: May 11, 2008
News Corp. ends bid to buy Long Island newspaper Newsday
Associated Press

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 , the media conglomerate controlled by Rupert Murdoch , has withdrawn its bid to purchase the Long Island paper Newsday, a News Corp.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, on...

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