Rupert Murdoch, fresh off buying of Wall Street Journal, launches another blow against the New York Times. Murdoch's News Corporation is in a deal to purchase Newsday from the Tribune Company. Newsday is a paper published for Long Islanders, who constitute a particularly important market for the New York Times. We can expect Murdoch to pour further resources into this battle with Pinch Sulzberger for publishing dominance in America. Readers can expect beefed up coverage in Newsday of local, national, and world news, and sports (a Murdoch specialty). Advertisers can expect Newsday to offer prices designed to lure them away from the Times. Because the paper will be part of a joint venture with the News Corp-owned New York Post, there will be cost savings and the ability to offer advertisers very wide coverage in the New York area. Should the Newhouse family decide to sell the Newark Star-Ledger, as they have sold other newspapers, Murdoch could surround the Times with competitive...(Read Full Post)