Earlier that week, it seemed all but undoubtful that the Tribune Company would sell expanded Island newspaper Newsday to the News Corporation. But given News Corp.’s ownership of the Post and Wall Street Journal, not to mention two NYC area TV stations (WNYW and WWOR), criticism of the potential deal has given Daily News owner Mort Zuckerman an argument why he’s better suited to buy the paper.

Zuckerman matched News Corp’s $580 million tender and feels, per the NY Times, “his tender is more appealing considering it does not have the potential to fall into regulatory limbo.” And there’s probably nothing better that Zuckerman would like than being able to steal a media asset from News Corp. owner Rupert

Murdoch, but apparently Zuckerman’s team was surprised that News Corp was so “close” to a deal.

Both media moguls think combining Newsday’s operations with the Post or Daily News would create savings. Which means there’s a third bidder with a newspaper operation possibly circling Newsday: The Observer with Cablevision.

Original post by Jen Chung

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