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All Eyes on Media Glutton Murdoch Rupert Murdoch, the compulsive buyer of all things media, has a handshake deal with Tribune Co. to buy Newsday for a reported $580 million. The potential purchase of the nation's 10th-largest newspaper, located on Long Island, could happen even though The Wall Street Journal is still visible within the serpentine body of Murdoch's News Corporation. The digestion should not last much longer. The same day the Newsday agreement hit the press, Marcus Brauchli, the holdover managing editor of the Journal, resigned.

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All Eyes on Media Glutton Murdoch

Rupert Murdoch, the compulsive buyer of all things media, has a handshake deal with Tribune Co. to buy Newsday for a reported $580 million.

The potential purchase of the nation's 10th-largest newspaper, located on Long Island, could happen even though The Wall Street Journal is still visible within the serpentine body of Murdoch's News Corporation. The digestion should not last much longer. The same day the Newsday agreement hit the press, Marcus Brauchli, the holdover managing editor of the Journal, resigned.