While some are
betting that Rupert Murdoch's News Corp. will be the next owner of
Newsday, the Dolan family – owner of
Madison Square Garden
and Cablevision – is
expected
to up the ante and make a $650 million bid.
In other News Corp. happenings, a
special committee
ruled
that the media company violated conditions set during the sale of Dow Jones & Co. when it pushed for the
resignation
of the Wall Street Journal's former managing editor, Marcus Brauchli.
Slate's Jack Shafer
says the committee, which he calls “powerless,”
should be abolished.
Also in the media
glare:
BusinessWeek publisher
McGraw-Hill's first-quarter profit drops
44%.
Anderson Cooper's predecessor, Aaron Brown, says Larry King should stay at CNN
as long as he wants to.
Ziff Davis Media names
a new president.
The Atlanta
Journal-Constitution announces it will cut
distribution and 62 jobs.
Regime change
at TV Guide.