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Revolving Door Newsletter: 05.13.08

Cablevision Scores $650 Million Deal for Newsday

May 13, 2008
Cablevision and the feuding Dolan family have won the auction for Newsday with a deal worth $650 million. Is this jumping from the frying pan into the fire, into a hotter fire by exchanging Tribune and Sam Zell for the Dolans? (How bad can it get when the Dolans stray beyond cable? Consider the Knicks.) The new owners may already be searching for a partner to help run the paper, at least in terms of printing and distribution. Stay tuned (not that you have much choice if you live on Long Island)... When Andy Serwer took over as the managing editor ...

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