Weeks after Altice USA bought Cablevision for billions of dollars, Patrick Dolan, with an assist from his father Charles, are the majority owners of a new entity that includes Newsday and News 12 Long Island.
New York Public Service Commission's approval clears the last remaining hurdle from the European-based Altice media giant's bid to acquire the cable company. As for what the purchase portends for the future of Newsday and News 12 Long Island, Altice was mum.
If the $17.7 billion deal goes through as expected, the European-based company could become the fourth largest cable provider in the U.S. What the future holds for Newsday and News 12 Long Island remains unclear.
The European company also struck a deal to buy Newsday, News12 and amNewYork.
"We are in the midst of a vast social experiment on the children of the nation and it is all tied to the standardized test."
The congressman filed the papers less than a week after a story about the lag appeared in The New York Post.
Politicians are out in full force, hoping to seal the deal, knowing that turnout will be key in this off-year when the White House is not up for grabs.