That Long Island Newspaper Deal Finally Wraps Up
 

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There will be no New York Post-Newsday News Corp. tag team to take on the Times, with Rupert Murdoch having dropped out of the bidding for Tribune Co.'s Long Island paper. Instead, Cablevision will buy 97 percent, for $650 million, of the paper, adding the rag to its massive cable biz front on Long Island.

Along with Newsday, Cablevision also picks up "related assets," including freebie paper am New York, a detail the Times surprisingly left out of its coverage. (The WSJ did not.)

So while the deal doesn't actually include Newsday's real estate, as original reports said, the two papers Cablevision picks up guarantees you're about to be inundated with ticket sales ads for Madison Square Garden, which it conveniently also owns. As well as Radio City Music Hall, the New York Knicks, and the New York Rangers..

May 12, 2008 · 0 views (beta) · Link · Respond
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