It’s officially a horse-race for the tabloid in a tutu.
Madison Square Garden and Cablevision overlords Charles and James Dolan will make a $650 million bid for Newsday later this week, exceeding the $580 million bid that Rupert Murdoch and Mort Zuckerman have made in previous weeks, according to reports in Read More
Word was spreading last week that Sam Zell was in deep danger of credit default, but there might be an out (in fact, it’s an out that Mr. Zell seems to already have begun working on). Reuters is reporting:
Chicago-based Tribune, which has almost $2 billion of debt coming due over the Read More
On Jan. 15, Sam Zell dropped by the bleak house that is the Melville, N.Y., headquarters of Newsday, Long Island’s newspaper.
It was to be a pep talk: The last decade, characterized by its nearly annual tradition of soul-wrenching job cuts, was over. “We’ve got to get off our ass,” he said to the Read More
The attempt by Charles and James Dolan to take Cablevision private failed today. The media and sports giant revealed that shareholders had voted against the Dolans’ bid to acquire the company for $36.25 per share in cash.
The Times‘ Dealbook blog reports:
The investor vote leaves Cablevision as an independent Read More
Baseball season is upon us again, and my hope is that our billionaire Mayor steps up to the plate and acts more like a mensch .
Michael Bloomberg is fond of saying that all New Yorkers must be willing to sacrifice. So far, it looks as though he is exempting his own class of well-heeled Read More