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Ethiopia's salt trails
For centuries merchants have traveled to Ethiopia to collect salt from the surface of the vast desert basin. Slideshow
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News Corp pulls bid for Newsday
NewsCorp CEO Rupert Murdoch arrives for Time magazine's 100 most influential people gala in New York May 8, 2008. News Corp has withdrawn its bid to buy Tribune Co's Newsday newspaper, a spokesman said on Saturday.
Credit: Reuters/Lucas Jackson (UNITED STATES)
NEW YORK |
NEW YORK (Reuters) - Rupert Murdoch's News Corp NWSa.N has withdrawn its bid to buy Tribune Co's Newsday newspaper, a spokesman said on Saturday.
The spokesman said the deal had become "uneconomical."
Cablevision Systems Corp (CVC.N) earlier bid $650 million to buy the newspaper, topping two $580 million offers -- one from News Corp and one from New York Daily News publisher Mortimer Zuckerman.
(Reporting by Kenneth Li; editing by Mohammad Zargham)
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