Cablevision Close to Newsday Purchase

Posted by on May 11th, 2008 at 08:13pm

Foreclosure Bill Information wrote an interesting post today on
Here’s a quick excerpt
Cablevision Close to Newsday Purchase May 12th, 2008 CablevisionCVC is close to purchasing Long Island newspaper Newsday for $650 million, according to published media reports Sunday. The Long Island cable company could announce a deal as early as Monday, according to an AP report, which cited an anonymous source with knowledge of the situation. The transaction would give Cablevision its first newspaper and provided much-needed cash to Tribune Co., Newsday’s current owner, the report noted. Th

Read the rest of this great post here

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