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Cablevision is hoping to oust Rupert Murdoch and Mortimer B. Zuckerman from the bidding for Newsday by topping their offers by $70 million.
The company is preparing to offer $650 million for the Long Island newspaper, $70 million more than was offered by Murdoch’s News Corp. or Zuckerman, writes The New York Times.
The New York Observer has reportedly dropped out of the race after having tried unsuccessfully to woo Cablevision into making a joint offer.
Early last week, some people familiar with the situation said that News Corp. and Newsday’s owner Tribune Co. had a handshake agreement, but competing bidders are now saying they have been assured by Tribune and its bankers that they still had time to submit bids.
Hyper-conservative Rush Limbaugh - heard weekly by nearly 20 million listeners on about 600 radio stations nationwide - renewed his contract with Premiere Radio Networks and Clear Channel Radio, continuing syndication of The Rush Limbaugh Show.
The deal also includes…
WSJ.com’s traffic soared an impressive 94 percent in June compared to the same month last year, according to the company’s internal traffic numbers.
Total page views ballooned 45 percent, to 150 million, compared to the same month last year, writes Mediaweek.…
Kozy Shack, maker of rice and chocolate pudding, is sponsoring the New York Mets, with tubs of the pudding being sold individually at Shea Stadium as well as being included in children’s meals. And the snacks are selling so well…
Though U.K. advertiser investment committed for 2008 is staying put, discretionary spending is becoming shorter-term, at or slightly short of budget; still, WPP’s GroupM forecasts 4 percent growth in 2008 and 3 percent in 2009 for the U.K., thanks to internet…
Email is the most popular form of direct response marketing, with 35 percent of companies using it - compared to 25 percent that use traditional direct mail - according to a new survey conducted by Direct Partners (via Adweek).
The survey…
Without spam protection, the average web user can expect to get 70 spam messages each day, according to a survey by McAfee, the BBC reports (via MarketingVOX).
For the McAfee spam test, 50 people worldwide were asked to web-surf without a spam…
