Newsday Has a New Suitor in Quirky Real-Estate Man Robert Toussie
Robert Toussie, a Brooklyn-based real-estate developer with sizable holdings in Suffolk County, is interested in buying Long Island daily Newsday, The Wall Street Journal‘s Deal Journal blog reports.
The would-be publisher has an unconventional style:
On March 10, Toussie sent Charles Dolan, chairman of Cablevision Systems Corp., Newsday’s owner, a letter about his interest in buying the newspaper and its website Newsday.com.
“It is simply a function of price and certified statements,” Toussie wrote in the four paragraph letter, reviewed by Deal Journal.
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