Cablevision Buys Gothamist for $5-6 Million

Cablevision’s Rainbow Media has purchased Gothamist for $5-6 million, reports paidContent.

So, what next for the blog network?

With Rainbow Media behind it, Gothamist might will likely have more reasons to scale back its expansion plans and focus more on cementing its dominance in the New York area, while supporting Newsday.

“Cementing its dominance” seems a tad generous. But we’ll grant that Newsday‘s web operation can use all the support it can get.

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