Posted in media, tagged Newsday, newspapers, Suffolk Life on June 26, 2008 | 3 Comments »
Suffolk Life is gone, and publisher David Willmott, whose deteriorating health contributed to his decision to shutter his chain of weekly papers, offers this note of goodbye.
From Suffolk Life’s Web site:
They say life passes fast when you are having fun; that’s true, I can attest to it. Publishing Suffolk Life gave me great pleasure. It [...]
Posted in Federal government, media, tagged Cablevision, Newsday on June 24, 2008 | No Comments »
To anybody out there hoping something or someone will thwart the pending takeover of Newsday by Cablevision (Jaci Clement, can you hear me?), the feds have a message for you: Keep dreaming.
The Federal Trade Commission today gave antitrust approval to the deal.
From the Reuters brief:
Antitrust authorities completed their review of the $650 million deal without [...]
Posted in media, tagged Cablevision, Newsday on June 18, 2008 | No Comments »
Cablevision should have no problem coming up with the $650 million it needs to purchase Newsday.
According to Reuters, Bank of America, Merrill Lynch and Citigroup will put a $650 million loan up for sale on Thursday, which will back the Bethpage-based company’s acquisition of the region’s only daily newspaper.
From the story:
The borrower for the transaction [...]
Posted in media, tagged Cablevision, Newsday on May 15, 2008 | 1 Comment »
With Cablevision set to purchase Newsday, a lot of people are wondering how Dolan family’s prince, James Dolan, will run the daily newspaper.
But the company’s chief operating officer, Thomas Rutledge, is the man in charge of overseeing Newsday, which is why the paper just published a profile of the exec.
Here’s what it comes down to: [...]
Posted in media, tagged Cablevision, Newsday on May 14, 2008 | 1 Comment »
A day after publishing a humanitarians-of-the-year article about the Dolan family, Newsday is looking into the very quagmire that article caused. Will Newsday be objective in its coverage of the Cablevision empire?
Here’s a bit from this morning’s article:
A day after Cablevision Systems Corp. chief executive James Dolan announced his company would acquire Newsday for $650 [...]
Posted in media, tagged Newsday on May 13, 2008 | No Comments »
LI Biz Blog has spent the better part of two days monitoring coverage of Cablevision’s acquisition of Newsday.
Any reader of this blog knows we’ve been highly critical of what many believe is their one-sided coverage of the takeover. In the interest of fairness, however, we offer up this link to Newsday’s business blog, which fairly [...]
Posted in media, tagged Cablevision, Newsday, New York Knicks on May 13, 2008 | 1 Comment »
While we’ve already seen today how Newsday is covering the coronation of its new owner, Cablevision, the absence of Knicks and Rangers news leaves us to wonder about one pressing question: How will Newsday cover the Dolan-owned sports teams, especially the Knicks, which have been one of the weaker teams in the National Basketball Association?
Crain’s [...]
Posted in media, tagged Cablevision, Newsday on May 13, 2008 | 8 Comments »
As David Reich-Hale proved in his lower post, if you read about Cablevision’s purchase of Newsday in any other news source you’ll find out that Wall Street was unimpressed with the news and experts questioned why the Dolans wanted the paper in the first place.
Read about it in Newsday and you learn how happy everyone [...]
Posted in media, tagged Cablevision, Newsday, New York Times on May 12, 2008 | 5 Comments »
On the day Cablevision agreed to buy Newsday, one of the daily newspaper’s online headlines read “Hiring D’Antoni makes sense for the Knicks.”
Okay, to be honest, no one in the LIBN newsroom knows a darn thing about professional basketball, or the Cablevision-owned Knicks, so we’ll give the sports desk a pass … maybe it was [...]
Posted in media, tagged Cablevision, Newsday on May 12, 2008 | 1 Comment »
Big story on Newsday right now: “Newsday publisher says he’s optimistic about Cablevision.“
While comments on this blog suggest the public is a bit wary of a Dolan-run Newsday, it seems everybody at Newsday is just shiny and happy over the deal.
Could it be that the Newsday staff, which has been slashed to pieces and threatened [...]
Posted in media, tagged Cablevision, Newsday on May 12, 2008 | 13 Comments »
LI Biz Blog has joked that a Cablevision-run Newsday would publish headlines like “Knicks try hard, lose 110-56,” or “The Phone Company announces record earnings.” Time will tell.
The Bethpage-based media company will officially buy the daily newspaper for $650 million, and the deal is scheduled to close in late July or August.
But all kidding aside, [...]
Posted in Federal government, media, tagged Cablevision, Newsday on May 5, 2008 | No Comments »
When News Corp’s $580 million bid for Newsday was the highest one, there was a lot of talk about whether the Feds would let the deal go through. That’s because Rupert Murdoch’s company controls other newspapers and television networks in the area.
That could be the case for Cablevision, which is the current high bidder for [...]
Posted in media, tagged Cablevision, News Corp., Newsday, Tribune on April 29, 2008 | No Comments »
It seems letting Rupert Murdoch into their backyard isn’t something Cablevision’s Dolan family is ready to do.
According to a Newsday story, Cablevision is preparing to submit a bid for Newsday that’s most likely higher than the $580 million offered by the New York Post owner.
The paper’s source said Cablevision could be teaming up with New [...]
Posted in Federal government, media, tagged Cablevision, Newsday on April 25, 2008 | 3 Comments »
News Corp. owner Rupert Murdoch’s quest to purchase Newsday may have run into the biggest dragon yet: the federal government.
According to Editor & Publisher, the Commerce Committee has sent a resolution to the Senate floor that would re-impose the ban on media companies owning a newspaper and a broadcast station in the same market.
Murdoch owns [...]
Posted in media, tagged journalism, Newsday, Rupert Murdoch on April 24, 2008 | 8 Comments »
Ruth Hochberger, a journalist, a professor at New York University and former editor of the New York Law Journal, thinks Rupert Murdoch’s expected takeover of Newsday is one of the saddest things to happen in journalism.
Here’s her central argument, from her piece currently running in Huffington Post:
So, why assume this would change under the ownership [...]
Posted in media, tagged Newsday, Rupert Murdoch on April 22, 2008 | 4 Comments »
One of the worst-kept secrets in the business community is about to come true, according to published reports. Rupert Murdoch, owner of Fox News, the Wall Street Journal and New York Post is about to buy Newsday.
The $580 million deal is being finalized.
From the New York Times:
Selling the paper would be key to Tribune Chief [...]
Posted in media, tagged Newsday, Bob Greene, Pulitzer Prize on April 10, 2008 | 2 Comments »
Bob Greene, the two-time Pulitzer Prize winner for public service and the founding father of investigative team journalism, died after a lengthy illness. He was 78.
From Newsday:
During a 37-year career at Newsday, first as a reporter and later as an editor, Greene pushed his reporters to dig out public corruption by aggressively covering their assigned [...]
Posted in media, tagged Cablevision, Tribune, Newsday, James Dolan, Sam Zell on April 10, 2008 | 2 Comments »
Cablevision owner James Dolan is not interested in buying Newsday, according to a Reuters report, squashing all hopes for local control of the one daily newspaper on Long Island.
That leaves New York Post owner Rupert Murdoch and Daily News owner Mortimer Zuckerman in the fight for the daily paper, which could fetch more than $500 [...]
Posted in media, tagged Newsday, Sam Zell on April 4, 2008 | No Comments »
It sounded like Sam Zell was going to fight for Newsday when he ordered a major reduction in the daily newspaper’s staff in February.
Now, a little longer than a month later, he says he’s not, and media giants like Rupert Murdoch and Mortimer Zuckerman have shown interest in buying Newsday.
This could be the reason: Tribune [...]
Posted in media, tagged media, Newsday, newspapers on April 3, 2008 | 2 Comments »
News Corp’s Rupert Murdoch has finally publicly acknowledged that he’s interested in buying the Tribune Co.’s Melville-based Newsday.
According to Reuters, Murdoch, during a Q and A session at Georgetown University, said adding Newsday “will make the New York Post viable and give it a much more secure future.”
But, he added that the U.S. Justice Department [...]
Posted in media, tagged Cablevision, Newsday, newspapers on April 2, 2008 | No Comments »
The Wall Street Journal reported this morning that New York Observer publisher Jared Kushner wants a seat at the table to buy Newsday.
He’ll be up against some cut throat players. Rupert Murdoch, Daily News publisher Mortimer Zuckerman and The Dolans of Cablevision are all holding cards to buy the Melville daily, and those in the [...]
Posted in Uncategorized, tagged Cablevision, Newsday on March 20, 2008 | 7 Comments »
Sam Zell’s run as owner of Long Island’s daily newspaper could be short, if not sweet.
The Wall Street Journal is reporting that Cablevision Systems Corp., that’s right, your cable company, could be ready to make an offer to buy Newsday.
From the Journal:
Tribune Co., facing rapidly worsening ad conditions in the newspaper industry, is contemplating the [...]
Posted in Uncategorized, tagged Newsday, Tribune on March 20, 2008 | 2 Comments »
We already know that new Tribune Corp. owner Sam Zell is going paper to paper, overusing his favorite word (it rhymes with duck) to inspire his struggling newspapers to raise the bar. But maybe he has a reason to.
According to Tribune’s latest earnings release, the company swung from a $233 profit from continuing operations in [...]
Posted in Uncategorized, tagged Newsday, profanity, Tribune on March 10, 2008 | 2 Comments »
Who knew Sam Zell was one wacky billionaire?
The new Tribune Corp. owner is reportedly visiting each newspaper he owns to deliver profanity-packed speeches intended to fire up the newsroom staffers he hasn’t already fired.
According to an article in Bloomberg, Zell visited the Los Angeles Times, where he claimed to be Viagra incarnate (because he can [...]
Posted in Uncategorized, tagged layoffs, Newsday, publishing on February 29, 2008 | No Comments »
The latest in this past year’s string of unfortunate announcements putting Long Islanders out on the streets came yesterday from Newsday, the region’s only daily newspaper. Publisher Tim Knight, under orders from Tribune’s new owner Sam Zell, sent 120 workers in Melville packing.
According to a report in the New York Observer, that number was way [...]
Posted in Uncategorized, tagged layoffs, Newsday on February 28, 2008 | 9 Comments »
Newsday alerted its employees today that 120 of them would lose their jobs.
Here’s the internal memo from Publisher Tim Knight.
Dear fellow Newsday employee,
As I informed you a few weeks ago, we have been assessing our business in light of our company strategies and the current revenue environment. Today we initiated job reduction actions across the [...]
Posted in Uncategorized, tagged Newsday on February 27, 2008 | 5 Comments »
Newsday’s new chief says the economy isn’t nearly as bad off as the media reports and adds that Hillary Clinton and Barack Obama are to blame for the toxic climate surrounding it.
Speaking on CNBC yesterday, Sam Zell, who owns Tribune, the Chicago Cubs and more, said:
“Obviously what we have going on is an attempt to [...]
Posted in Uncategorized, tagged energy, gas, Kansas City, Microsoft Vista, Newsday, North Shore-LIJ, offbeat, state parks on May 15, 2007 | 2 Comments »
I don’t think it’s a slow day for news, with Moral Majority leader Jerry Falwell dying and a deputy attorney general resigning on this warm spring day. But Newsday spin off AM New York decided today would be a good day to recycle and old urban legend in the name old fashioned redundancy.
The Web site [...]
Posted in Uncategorized, tagged executives, journalism, Kansas City, Newsday on April 17, 2007 | No Comments »
Congratulations to Newsday cartoonist Walt Handelsman. He won a Pulitzer Prize yesterday for his body of print cartoons and animated cartoon series.
This is his second Pulitzer. He first won in 1997 when he was working for the Times-Picayune in New Orleans.
From The New York Times list of winners:
EDITORIAL CARTOONING: WALT HANDELSMANNewsdayMr. Handelsman, 50, who won [...]
Posted in Uncategorized, tagged Craig Johnson, Kansas City, Newsday, Tribune on April 2, 2007 | No Comments »
It took a while, but Tribune Co. at last accepted the bid of Sam Zell, a real estate mogul who first submitted his bid of $33 per share on March 23.
The final agreed-upon price was $34 per share.
Zell’s offer was favored over a last minute bid by billionaires Ron Burkle and Eli Broad, though blog [...]
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