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Pressure, Ego, Fantasy, and the Cablevision Acquisition of Newsday [BizofShowBiz]

knowmoremedia.com » 2008 » May » 12th » Pressure, Ego, Fantasy, and the Cablevision Acquisition of Newsday [BizofShowBiz]

Tagged: business, sundance, cablevision, sam zell, cvc, newsday, rupert murdoch, synergy, tribune, james dolan, mort zuckerman

Who are the winners and losers of the bidding to acquire Newsday? The losers aren't Mort Zuckerman or Rupert Murdoch, and neither is the winner Cablevision (nyse:CVC), which paid about $70 million more than its competitors for the newspaper property. One has to ask if Newsday is such a great property, why does it have its fourth owner since 2000? Others owning it since then have been in order … Continue Reading »

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