The launch of New York Newsday in 1983 was doomed to failure, regardless of
the newspaper's promise and its natural expansion from Newsday's Long Isla
nd base into New York City. The plan for profitability advocated by senior
management was approved by its parent, Times Mirror, which welcomed a prese
nce in the highly visible New York market, already dominated by three other
daily newspapers. However, the effects of media conglomeration on Times Mi
rror for bottom line results would pull the plug on the New York venture th
at was nearing its provisional term ann beginning to show positive results.