Romenesko

Newsday
James Dolan says he can't guarantee there won't be layoffs at the paper, "but we're going into this thinking that we're going to grow it." Cablevision execs feel "that we can make this paper at least what it was before," referring to circulation declines under Tribune. || Read publisher Tim Knight's note to readers, and editor John Mancini's comment on the sale.
> Newsday changes hands for the fourth time in its 68 years (Newsday)
> Cablevision now has to prove to investors that this was a good deal (WSJ)
> The price Cablevision is paying for Newsday seems too high (Mutter)
> Analysts: Don't expect to see future newspaper bidding wars (Reuters)
> Long Island biz paper criticizes Newsday's coverage of the deal (libizblog)