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News Corp sticks to original Newsday bid: source

NEW YORK
Fri May 2, 2008 3:29pm EDT

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People leave the News Corporation building in New York, June 26, 2007. REUTERS/Keith Bedford

NEW YORK (Reuters) - News Corp NWSa.N plans to stick by its original bid to buy Tribune Co's Newsday newspaper for about $580 million, one source familiar with the discussions said on Friday.

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Rival bidder Cablevision Systems Corp (CVC.N) has offered to buy Newsday for $650 million, another source told Reuters earlier, topping News Corp's offer and another bid by Mortimer Zuckerman's New York Daily News for $580 million.

(Reporting by Kenneth Li, editing by Gerald E. McCormick)
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