Cablevision's Rainbow Media Buys Gothamist Network
The Gothamist blog network, perhaps known best for its New York-centric namesake blog is in the process of being acquired by the Rainbow Media division of Cablevision for somewhere between 5 and 6 million dollars, reports paidContent.
Rainbow Media also owns the Sundance, IFC and AMC channels, as well as the Long Island-focused Newsday newspaper. Gothamist recently sold its “Torontoist” site to local investors, but retains several sites focused on major American cities, such as LA and Chicago.
Cablevision
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