New York Daily News owner Mort Zuckerman dropped out of the bidding for McGraw-Hill Companies Inc's
Zuckerman, co-founder and chairman of real estate investment trust Boston Properties Inc, had put in a last-minute bid for the magazine last week.
But Bloomberg LP is emerging as the clear winner for the 80-year-old magazine, another source told Reuters earlier.
Private equity firm OpenGate Capital also has dropped out of the bidding, a third source told Reuters on Tuesday.
(Reporting by Anupreeta Das; Editing by Carol Bishopric)