The Federal Trade Commission (yes, that's FTC, not FCC--no television conflict was involved) Tuesday approved the acquisition of Newsday by Cablevision. According to Reuters, antitrust authorities with the U.S. Federal Trade Commission said in a notice that they had completed their review of the $650 million deal without taking any action to block it. In May, Cablevision agreed to buy a 97 percent stake in Newsday Media Group from Tribune Co. Cablevision has said that the deal is expected to close in late July or August. --Noel Rubinton ...
Anytime
