Bitter rivals New York Post owner
Rupert Murdoch and New York Daily News owner Mortimer Zuckerman
may combine the printing, distribution and back office
operations of their New York newspapers, a source familiar with
the discussions said on Tuesday.
The source confirmed a New York Times's website report
about the preliminary discussions.
The tabloid newspapers have waged a decades-long battle for
readers and advertisers through the streets of New York City.
The papers have rarely wasted an opportunity to go for the
jugular, attacking each other on its pages. The Post frequently
refers to the Daily News as "The Daily Snooze," while the Daily
News has referred to the Post as the "New York Pest."
The talks are related to finding a way to work together
without having to create a joint operating agreement, which
involves creating a separate company.
Representatives of real estate developer Zuckerman, who
owns the Daily News, and News Corp (NWSa.N), owner of the Post,
The talks come after Murdoch walked away from discussions
in May to buy Tribune Co's Newsday newspaper for $580 million,
a deal that would have helped Murdoch's Post offset some of its
losses by combining back-office and printing operations.
Cablevision Systems Corp (CVC.N) reached a deal two days
later to buy Newsday for $650 million.
(Reporting by Kenneth Li and Robert MacMillan; Editing by
Gary Hill, Phil Berlowitz)