Once there were many cable TV companies on Long Island, just as once there were two actively competing daily newspapers.
But in recent years there’s been Cablevision, dominating cable TV here, as well as controlling Newsday, the only daily newspaper now published on Long Island, which it bought for $650 million in 2008.
However, last week came the announcement that Cablevision is selling most of its media assets to a huge multinational company, Altice of France. The sale, with a price tag of $17.7 billion, includes Cablevision’s Long Island TV operation plus Newsday.
What will it mean for you? (more…)