May
12
Cablevision Nabs Long Island’s Newsday
Posted in: Uncategorized
CHICAGO (AdAge.com) — Cablevision Systems Corp. bought a 97% stake in Tribune Co.'s Long Island tabloid Newsday in a $650 million deal announced May 12. Tribune, strapped with $13 billion in debt from its going-private transaction late last year, has looked to shed assets in an attempt to lessen that burden.
Post a Comment