Romenesko

Newsday
The agreement calls for the creation of a joint venture in which Cablevision owns 97% of Newsday, with Tribune retaining the remaining 3%. Cablevision will pay Tribune $612 million in cash and $18 million in rent payments for Newsday properties that Tribune will continue to own. || James Madore: It's a marriage of "old" and "new" media that some experts say could in the long run help both. || Read the press release.
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