Scott stuber

Newsday to Sell to News Corp.

MurdochillomichaelelinsphotopetermoIn need of cash to pay down his debts, Tribune Co’s Sam Zell is selling Newsday to Rupert Murdoch’s News Corp, which would now own three of New York’s major metropolitan newspapers, including The Wall Street Journal and The New York Post. Regulatory issues could scotch the sale. Here’s Variety, and Vanity Fair’s long takeout on Murdoch at the time of the WSJ sale.

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In related media news, editor Marcus W. Brauchli is expected to leave the WSJ, only four months after Murdoch acquired the paper.

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[Murdoch photo-illo courtesy Vanity Fair, by Michael Elins and Peter Morgan]

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