FTC OKs Cablevision-Newsday Deal

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The Federal Trade Commission approved the $650 million purchase of Newsday by Cablevision Systems.

That is according to an "early termination notice" the FTC issued Monday.

Cablevision asked for the notice, which the FTC will only grant when both it and the Department of Justice have decided that they don't have anti-competitive issues with a deal.

In essence, it is the official notification that the government has no problems with the deal.

John Eggerton
John Eggerton

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.