The proposed sale of Newsday by Sam Zell's Tribune continues to draw a lot of attention.
The number of potential purchasers, currently at least three seemingly serious bidders, has also magnified the amount of attention the deal has gotten. Plus, of course, it's a media deal, which the media loves to cover.
Besides Newsday's own coverage, today the New York Times says that Cablevision is preparing a $650 million bid, while the New York Observer reportedly has dropped out. The story says the appeal of the Long Island daily still seems strongest for Rupert Murdoch and Mort Zuckerman because of potential production economies with their Post and News properties.
And the Wall Street Journal also says the Cablevision offer is coming. The appeal to Cablevision? The story says: "The company sees potential in the geographic overlap of Newsday and Cablevision's subscriber base, as well as its News12 news service. That could mean Cablevision could include Newsday subscription offers as part of a bundle with its other services."
--Noel Rubinton