NEWSPAPERS: Let's Make a Deal, Maybe

Let's Make a Deal, Maybe

Has Rupert Murdoch finally found someone to buy the New York Post, his money- gulping tabloid? Murdoch doesn't want to part with the 187-year-old Post but is under pressure to do so as early as next month, or be in violation of a federal law barring ownership of both a newspaper and a TV station in the same city. Last week the media mogul was on the brink of selling the daily for about $40 million to Manhattan Developer Peter Kalikow. The agreement leaves so many escape hatches, however, that the outcome is far from certain. Kalikow can walk away from...

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