Cablevision, Tribune reach deal for Newsday

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Cablevision, Tribune reach deal for Newsday

Cablevision Systems Cablevision is the sixth largest cable operator in the U.S., and it owns the Madison Square Gardens in NYC.

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May 12th, 2008, 04:07 PM

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Cablevision, Tribune reach deal for Newsday

NEW YORK (Reuters) - Cablevision Systems Corp has sealed a $650 million deal to buy the Long Island daily newspaper Newsday from Tribune Co, but analysts doubt the cable company can achieve cost savings to justify its investment. Cablevision said on

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« Pali Research Upgrades Cablevision (CVC) to Neutral | Updated: News Corp. Withdraws Bid For Newsday; Cablevision Founder C. Dolan Confident »

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