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Murdoch Bids $580 Million to Buy Newsday

HeadlineApr 23, 2008

In media news, Rupert Murdoch has put forward a $580 million bid to buy the New York-based newspaper Newsday. If the deal is approved, this would give Murdoch control of three of the nation’s ten largest circulation papers: the Wall Street Journal, the New York Post and Newsday. Meanwhile, on Tuesday the Wall Street Journal’s top editor, Marcus Brauchli, resigned in a move that will give Murdoch more power to remake the paper, which he bought in December.

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