China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Cablevision to acquire 97 pct of Newsday
(Reuters) - Cablevision Systems Corp said on Monday it will acquire a 97 percent stake in Newsday media group through a partnership with Tribune company in a $650 million transaction.
Cablevision said Newsday businesses would report to Cablevision Chief Operating Officer Thomas Rutledge. The company said Newsday was valued at $632 million and that Tribune, which will hold a 3 percent stake, would also receive $18 million when the deal closes.
