Newsday Media Group Sold to Patrick Dolan

A new beginning.

NY_NDNewsday Media Group (NMG) has been sold to Patrick Dolan, currently president of News 12 Networks, a division of Cablevision.

Dolan will own a 75 percent stake in NMG and Altice USA will retain a 25 percent stake. As part of the deal, Dolan will be NMG’s president and majority owner and former Cablevision chairman Charles Dolan (Patrick’s father) will serve on NMG’s board of directors.

“My father and I, together with our Altice partners, are deeply committed to preserving the state-of-the-art journalism that Newsday has consistently provided and that has served Long Islanders so well,” said Patrick Dolan, in a statement.

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