The Dolans Officially Bag Newsday for $650 Million

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