News Corp unexpectedly drops bid for Newsday (Reuters)

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News Corp unexpectedly drops bid for Newsday (Reuters)

Reuters - Rupert Murdoch's News Corp (NWSa.N) on
Saturday dropped its $580 million bid for Tribune Co's Newsday
newspaper, just days after Murdoch said a deal was imminent,
leaving cable television operator Cablevision as the
likely winner of the Long Island daily.

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