Let me see if I have this straight, the Eli Broad-Ron Burkle bid for a portion of the Tribune Company assets expires today.
Rupert Murdoch has joined the Chandler Family in their quest to purchase the Tribune Company, with the Carlyle Group taking control of all the television stations, and Rupert Murdoch owning a minority stake in the newspaper group, and taking control over Newsday.
From the Los Angeles Times:
Rupert Murdoch's News Corp. has thrown in with the Chandlers, agreeing to take a minority stake in their deal, according to a News Corp. insider who spoke on condition of anonymity because he had not been authorized to discuss the situation. Under the deal, News Corp. — owner of the Fox TV network, cable's Fox News channel and the 20th Century Fox studio — would get an operating agreement allowing it to cut costs by combining certain noneditorial operations of Newsday with those of its own New York Post.
If Rupert Murdoch takes control of Newsday, does this mean operations at Newsday will be outsourced to the New York Post?
The Chandler Family bid expires next Wednesday, January 31st, 2007.
The Post doesn't have the capacity to print both papers on the same shift for the next day. The speculation in the pressroom is that if this happens we may be printing some of the Post for eastern Long Island and they may be printing Newsday for NYC and the northern suburbs.Really though we have been hearing so much for so long who really knows whats going to happen?
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