Murdoch Won't Go Any Higher on ‘Newsday’ Bid

MEDIA
• Rupert Murdoch says he won't bid any higher than $580 million for Newsday. That seems to be Murdoch's figure of choice: He also paid $580 million for MySpace back in 2006. [Yahoo]
Marie Claire is expressing interest in partnering with Bravo's Project Runway once the network's contract with Elle is up. [WWD]
Vanity Fair's Buzz Bissinger regrets his personal attack on Deadspin's blog editor Will Leitch. [NYO]

FINANCE
• Finally, the cat-and-mouse chase is over: Microsoft's Steve Ballmer called off the $42 billion pursuit of Yahoo. Now Yahoo's chief Jerry Yang is in the pressure cooker — and facing a possible shareholder rebellion. [NYP]
• In an interview with German weekly magazine Welt, JPMorgan chief Jamie Dimon said, "We can only speculate how deep and how long the recession in the United States will really be and how that in turn will impact banks … But we are not done with the crisis for a long time." Now the real question is whether the multitalented Dimon said that in German. [DealBook/NYT]
• Yikes! Berkshire Hathaway's profit plummeted 64 percent in the first quarter owing to pre-tax losses tied to derivatives contracts. [DealBook/NYT]

LAW
• Peter Pope, who was a chief aide to Eliot Spitzer, will join the Arkin Kaplan Rice. The law firm specializes in white-collar crimes. [WSJ]
• A Brooklyn judge slapped a $10 million defamation suit against attorney Ravi Batra and the Daily News. [Law.com]
• Shearman & Sterling's general counsel, John Shutkin, is out the door. The ousting comes as a surprise to many. [Law.com]

REAL ESTATE
• Is downtown the new uptown? [NYP]
• The Ziegler house on 63rd Street, which was bought in 2005 for $31 million, is still sitting empty. [NYT]
• Supermarkets are a dying breed in New York City — there are only 550 left. [NYT]