We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Murdoch's Newsday Bid Likely To Be OK'd: Attorneys

Law360 (April 25, 2008, 12:00 AM EDT) -- Although News Corp.'s reported $580 million bid to take over Tribune Co.'s Newsday will likely draw scrutiny by federal communications and antitrust regulators, the deal will probably be approved in the end, attorneys say.

If News Corp. does extend a formal buyout offer for the Long Island, N.Y., daily newspaper, it will probably need approval from the Federal Communications Commission and either the Department of Justice or the Federal Trade Commission, attorneys said.

The Wall Street Journal reported the possible takeover on Monday.

“To the extent...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.