Down with Murdoch!
Here's a happy little addendum to my literature on media consolidation: Rupert Murdoch's News Corp just announced today that it has withdrawn its bid to buy Newsday from the Tribune Company. News Corp already owns two major papers and two tv stations in the New York market, not to mention hundreds of holdings in different media all over the world. The likely buyer is Cablevision, a cable and broadband provider based mostly on the East Coast.
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