Rupert Murdoch near purchase of Newsday, challeges FCC
Poor Cliff Schectman can't escape "The Rupert"
By Walter Brook
Former Cape Cod Times editor Cliff Schectman came to our local daily from Newsday on Long Island with a stop-over at Pottsville PA. After spending a decade undoing the good work of his predecessors, Cliff hied back to Long Island and escaped the change of ownership which gave the Ottaway Newspaper chain to Rupert Murdock of the the New York Post, London Sun, and many other tawdry tabloids.
Not far enough, Cliffy
Now it seems that Mr. Murdoch will add Long Island Newsday, the tenth largest daily in America and and largest one in any suburban market, to his giant News Corp. as is also tries to buy the venerable New York Times.
Not to be limited by such modest goal, Murdoch is also challenging the already weakened Federal Communications Commission rules on how many news media one company own in a single marketplace. You know, like the monopolies of the 19th century.
You can read it all in gory detail in the excepts below from other media.
Murdoch Taking on F.C.C. Media Rule
As he nears completion of a deal to acquire Newsday from the Tribune Company, Rupert Murdoch appears likely to pose the first significant challenge to the media ownership rule that the Federal Communications Commission recently adopted.
Even without Newsday, Mr. Murdoch was in the process of seeking waivers to continue to control two newspapers (The Wall Street Journal and The New York Post) and two television stations (WNYW and WWOR) in the New York area.
With those waiver requests pending at the F.C.C., the Newsday deal means that Mr. Murdoch must now apply for a waiver to own the two television stations and three newspapers in the same market.
The new rule, approved by a deeply divided commission in December, permits a company to own just one paper and one television station in the same city in the top 20 markets so long as there are at least eight other independent sources of news and the station is not in the top four. (The stations controlled by News Corporation are the fourth- and sixth-largest in the New York market)... NY Times.
And Rupert tries for NY Times and buys Newsday for $580 million
New York Times is not for sale, chair insists TheStar.com - Business - New York Times is not for sale, chair insists New York Times Co. chair Arthur Sulzberger Jr. says the company is not for sale.
Media reports on speculation suggesting otherwise are "ill-informed," he said at the annual shareholders meeting yesterday.
Media interest in the idea has been resurrected as Times shares plunged almost 20 per cent in the last year and the company's flagship and namesake newspaper has faced new competition in United States political news from Rupert Murdoch's focus shift at The Wall Street Journal.
New York City Mayor Michael Bloomberg, founder of the Bloomberg LLC financial news and data service, has been cited as a potential suitor. Newsweek reported this week that his close associates have urged him to consider a bid, but Bloomberg shot down that idea on Monday... Toronto Star.