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Revolving Door Newsletter: 03.21.08

Media Moguls Target Newsday

March 21, 2008
So much for Sam Zell's promise he wouldn't sell off Tribune Co. piecemeal. He's considering doing exactly that with the shadow auction of Newsday, now in play with a guesstimated price tag of $350-$400 million. That would almost make up for the $500 shortfall in profits last year at Tribune, which is doing even worse than Zell thought (and he didn't think much of the company.) Rupert Murdoch and Mort Zuckerman -- owner of the New York Post and Daily News, respectively -- have offered to form...

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