Business > AmericasNewsday
Wednesday, May 7, 2008
MELVILLE, N.Y. -- As talks continued Monday for the sale of Newsday, owner Tribune Co. assessed thre
e similarly structured offers to determine which best fit its own strategic plan and need for debt-bound cash, a source close to the negotiations said. With a Cablevision Systems Corp. offer outweighing the other two on a cash basis, the dilemma appears to be whether Tribune chief executive Sam Zell could afford to risk rupturing a relationship with News Corp. owner Rupert Murdoch if he sold to the highest bidder.
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