People leave the News Corporation building in New York, June 26, 2007.
(REUTERS/Keith Bedford)
News Corp sticks to original $580 mln Newsday bid: source
People leave the News Corporation building in New York, June 26, 2007.
(REUTERS/Keith Bedford)
NEW YORK (Reuters) - News Corp <NWSa.N> plans to stick by its original bid to buy Tribune Co's Newsday newspaper for about $580 million, one source familiar with the discussions said on Friday.
Rival bidder Cablevision Systems Corp <CVC.N> has offered to buy Newsday for $650 million, another source told Reuters earlier, topping News Corp's offer and another bid by Mortimer Zuckerman's New York Daily News for $580 million.
(Reporting by Kenneth Li, editing by Gerald E. McCormick)
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