Murdoch closes in on Newsday

How much of New York's newspaper landscape can one man own? While redesigning The Wall Street Journal, Rupert Murdoch has agreed in principal to buy Newsday, according to reports in the Journal and Newsday.

How much of New York's newspaper landscape can one man own? While redesigning The Wall Street Journal, Rupert Murdoch has agreed in principal to buy Newsday, according to reports in the Journal and Newsday. The agreement would send the Long Island daily to News Corp. for $580 million, and Tribune would keep less than 5% of the company's stock, according to the Journal. Days earlier, publisher Tim Knight said that Tribune owner Sam Zell's revelation that outside parties had inquired about the newspaper left "uncertainty." Meanwhile, New York Mayor Michael Bloomberg coyly denied he's interested in buying The New York Times, saying he's “not a newspaper person.” Sounds vaguely like those, "I'm not (maybe) running for president," he made.

Also in the media glare:

Former White House Press Secretary and Fox News and radio talk show host Tony Snow joins CNN as a contributor.

The New York Post slims down – barely.

Fox Business won't release Nielsen ratings.

CBS chief Les Moonves says he's sticking with Katie Couric, but the network cancels its pre-North Carolina Democratic debate.

CNN's British reporter Richard Quest is busted in Central Park for drug possession.

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