A few days ago, Cablevision closed a deal in which they reportedly paid $650 million to purchase New York Newsday, a daily newspaper based out of Long Island. Cablevision, which makes most of its profits from residents in the tri-state area, also has ownership of Madison Square Garden, and the tv rights to the teams that play there.The high-grossing company has posted great second quarter earnings. Cablevision is quickly becoming one of the fastest growing entertainment and communication conglomerates. They are out pacing their competition in acquiring new customers. According to The New York Times, this is especially true of their telephone division.
[SIDEBAR: To all of the people who pay for cable service, look at the economic clout you could have if you pooled your resources.]
No comments:
Post a Comment