Long Island Calling

Just when you thought it was safe to to read your your local LI paper owned by an American plutocrat…

Word has it now that Rupert Mudoch has struck a tentative deal to buy Newsday.

For the full analysis- see this rundown at Gawker

In the meantime, we shall continue to watch as old white people buy and acquire old media, as ad dollars shrink and people flock to online news. Meh.

UPDATED- The bid for Newsday just got saucier as reports are coming out that Mort from the Daily News might still be bidding for it as well.