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Tribune's Newsday deal is one step in easing debt



By SETH SUTEL, AP
12 May 2008 @ 04:37 pm EST


Cablevision Newsday
A Monday edition of Newsday is shown May 12, 2008 in New York. Cablevision Systems Corp. says it is buying the Long Island-based newspaper Newsday from Tribune Co. for $650 million. (AP Photo/Mark Lennihan)
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CVC 14.9 -1.98
SSP 4.43 -0.46
BAC 21.42 1.79

SYMBOL LOOKUP

The company's shares fell 45 cents, or 1.8 percent, to $24.52 Monday.

Newsday is the 11th largest newspaper in the country, according to the latest figures from the Audit Bureau of Circulations, with 379,613 average paid weekday copies in the six-month period that ended in March.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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