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Cablevision Snags Newsday To Up Ad, Sub Revenue

Written on
May 12th 2008
Author
Kathleen

ADOTAS – In a bid to grow its advertising and local subscription business, Cablevision Systems Corp. beat out media chieftains Rupert Murdoch and Mortimer Zuckerman to buy Tribune Co.’s Newsday. Cablevision acquired about 97% of Newsday Media Group – which was valued at $632 million in the transaction. Tribune Co. will [...] more...