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 It's no secret that New York Daily News owner Mortimer Zuckerman wants Newsday, which Sam Zell's Tribune Co. is reportedly selling. Reuters reported Thursday that Zuckerman has in fact submitted a bid to buy Newsday from Tribune and that Cablevision Systems Corp.'s Charles and James Dolan are not interested in a purchase of the paper.
With the Dolans out of the auction, Zuckerman is left in the ring with rival media mogul Rupert Murdoch, who has said that Newsday would be a good fit for News Corp., which already owns the New York Post and The Wall Street Journal. Analysts believe that if News Corp. wins the auction, it could find synergies by combining Newsday's and the Post's back-office operations. Of course Murdoch and Zuckerman are not the only bidders. Another contender could be media-mogul-in-the-making Jared Kushner, the owner of The New York Observer. If the young Kushner, who at 25 bought the Observer in 2006, were succesful in beating out the media titans, it would certainly boost his credibility as a media dealmaker. See Reuters story: Cablevision Not Interested in Newsday Categories Deal Video
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