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Cablevision Picks Up Newsday for $650M

ecommercetimes.com » 2008 » May » 12th » Cablevision Picks Up Newsday for $650M

Tagged: deals

Cablevision Systems is buying the newspaper Newsday from Tribune in a deal valued at $650 million, the companies announced Monday. Cablevision beat out media mogul Rupert Murdoch, CEO of News Corp., who withdrew his own $580 million bid on Saturday. New York Daily News owner Mortimer Zuckerman had also bid $580 million. The deal brings Newsday back to local ownership on Long Island. Tribune had … Continue Reading »

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