Losses at 'Newsday' Lead Analysts to Question Purchase

Over a three-year period ending in 2007, the LI-based newspaper ran up losses of $778 million.  Analysts, according to Crain's, now feel that Cablevision made a "bad" deal by acquiring it. For the first half of 2008, Newsday reported a profit of $127 million, which has been attributed to a one-time tax change.

Crain's New York Business | Editor & Publisher

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