New York area cable provider to buy Newsday

The New York area cable provider company Cablevision Systems Corp., planned to buy the newspaper Newsday of Long Island for $650 million and it is expected that the company owner Tribune Co. will be finalizing the deal soon.

The chairman of Cablevision Charles Dolan and Chief Executive ,James Dolan wish to have more acquisition in future .The company will add more media outlet to their cable business and therefore it is planning to get the bid.