Tucked away at the bottom of Cablevision’s earnings report Thursday was a curious note: “The Board of Directors of Cablevision has authorized the company’s management to explore the spin-off of its Madison Square Garden business.”
That admission, with no additional explanation or elaboration given, touched off a flurry of speculation: Will the Read More
Newsday, you’re free of Sam Zell!
The $650 million transaction that has brought the Long Island daily into the hands of Charles and Jim Dolan closed today.
It should be cause for grand celebration. But then again, only days after the deal was announced, a Newsday reporter told The Observer, "People Read More
The Dolans win the bidding for the Long Island daily for $650 million. The deal is structured the way Sam Zell needed it to be–the Dolans pick up 97 percent of the company, while the Tribune company retains 3 percent. Here’s the release:
CABLEVISION TO ACQUIRE 97% STAKE IN NEWSDAY MEDIA GROUP THROUGH PARTNERSHIP Read More
Later this morning, Newsday should belong to the Dolans.
Their $650 million bid will likely be accepted by Tribune owner Sam Zell later this morning, and the only thing that stands in the way are "minor details," said Charles Dolan in an interview last night with Newsday. The Times reports that Charles and Read More
The Dolans bought the Sundance Channel today for $496 million. And what of Newsday? They still have the leading bid. Read More
Isiah Thomas, who coached the Knicks to one of their worst seasons in franchise history this year, has been fired, the AP reports. Read More
Now suddenly everyone is interested in Newsday. The New York Times is reporting that a Manhattan media blockbuster trio is “in discussions” to buy the Melville-based newspaper: Rupert Murdoch, James Dolan and Mort Zuckerman. Sam Zell decides who’s the winner.
It sets up a satisfying auction between Mr. Murdoch (Post-owner) and Read More
The attempt by Charles and James Dolan to take Cablevision private failed today. The media and sports giant revealed that shareholders had voted against the Dolans’ bid to acquire the company for $36.25 per share in cash.
The Times‘ Dealbook blog reports:
The investor vote leaves Cablevision as an independent Read More
The spokeswoman for Albany DA David Soares is leaving to work for Congresswoman-elect Kirsten Gillibrand.
Serph Maltese may have been approached to join Eliot Spitzer’s administration.
Cablevision is looking to hire a lobbyist who knows how to make political contributions.
State Senator Jose Serrano says it’s an Read More
Steven Roth lost the deal to lease the World Trade Center five years ago this month. He lost it, the press concurred, because he pushed too hard, for too long, and annoyed the sellers.
Mr. Roth will not want to lose out on the deal he is now negotiating: persuading the Dolan family, owners of Read More