One problem with managing a bunch of print journalists is that when you fire them, they are still journalists, prone to grumbling about whatever they consider unfair.

Control of the monthly magazine would switch from its newsroom to its business operations and the entire editorial staff would be replaced.

To deal with shrinking revenue, Sam Zell, the chairman and chief executive of the Tribune Company, cut staff and is aiming for a 50-50 split between ad and news content.

The company that owns The Los Angeles Times and The Chicago Tribune will print fewer papers and employ fewer journalists.

It is not the first time that the family that controls Cablevision Systems, whose bid to acquire Newsday could lead to a quick deal, has left shareholders and investors scratching their heads.

Rupert Murdoch and Mortimer B. Zuckerman have not signaled they would increase their bid for Newsday to match a higher offer from Cablevision.

Rupert Murdoch is moving to tighten his grip on U.S. news media, striking a tentative deal to buy a third New York newspaper.