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 James Read More
The Dolans bought the Sundance Channel today for $496 million. And what of Newsday? They still have the leading bid.
Isiah Thomas, who coached the Knicks to one of their worst seasons in franchise history this year, has been fired, the AP reports.
Ante up!
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 Mr. 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 company and 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 “irony” that while some 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
We thought the new weekend edition of The Wall Street Journal was supposed to be devoted to stories about killing your date with stiletto heels, but Saturday’s issue mopped up a bit after Crain’s bombshell last week reporting Madison Square Garden’s pending move. A memorandum of understanding was indeed signed, but it was nonbinding, Read More
The Farley post-office building today.
Crain’s is reporting that the Dolans have finally agreed to rebuild the jinxy Madison Square Garden one block west, on Ninth Avenue, as part of the renovation of the Farley post-office building. They’re sourcing it anonymously.
A new office tower would go up above Penn Station instead. Read More
In this morning’s round-up of Observer stories, I left out Matt Schuerman’s piece on the strange, grim politics of Proposition 2, a transportation bond issue.
In general, the two big propositions are both hugely important and very hard to cover, as they’re fought out on the margins of people’s consciousness. The process, though, doesn’t Read More
