{"id":196212,"date":"2008-05-15T23:05:00","date_gmt":"2008-05-16T04:05:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/15\/cablevision-buys-newsday-from-tribune\/"},"modified":"2008-05-15T23:05:00","modified_gmt":"2008-05-16T04:05:00","slug":"cablevision-buys-newsday-from-tribune","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/15\/cablevision-buys-newsday-from-tribune\/","title":{"rendered":"Cablevision Buys Newsday  From Tribune"},"content":{"rendered":"<p>Cablevision <a href=\"http:\/\/www.newsday.com\/business\/ny-bznews0512x,0,7341028.story\">outbid Rupert Mordoch on the deal<\/a>, which was driven by the problems that Sam Zell had with the debt involved in picking up the media chain.<\/p>\n<p>This is, I think, a good thing.  Murdoch wanted Newsday as a financial backstop to the <span style=\"font-style: italic;\">New York Post<\/span>, which is in a real way his US flagship newspaper<sup>*<\/sup>, which would have been bad for its readers.<\/p>\n<p>Newsday is a pretty good mid-market newspaper, and it would have been cannibalized by Murdoch.<\/p>\n<p><sup>*<\/sup><span style=\"font-size:85%;\">Yes, there is the <\/span><span style=\"font-style: italic;font-size:85%;\" >Wall Street Journal<\/span><span style=\"font-size:85%;\">, but it&#8217;s not in an philosophical sense a Murdoch paper, which is right wing tabloid.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cablevision outbid Rupert Mordoch on the deal, which was driven by the problems that Sam Zell had with the debt involved in picking up the media chain. This is, I think, a good thing. Murdoch wanted Newsday as a financial backstop to the New York Post, which is in a real way his US flagship &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,1064],"tags":[],"class_list":["post-196212","post","type-post","status-publish","format-standard","hentry","category-business","category-media"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196212"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196212"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196212\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}