Business News
5/12/2008 8:03:04 AM EST
Person Close To Talks: Cablevision Close To Getting Newsday
NEW YORK – (AP) Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million, a person with knowledge of the situation said Sunday.
The deal, which could be announced as soon as Monday, would net Cablevision, a cable TV company also based on Long Island, its first newspaper. Full version (available to lexis.com subscribers)
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