Cablevision (CVC +0.1%) to take a charge of up to $450M related to its acquisition of Newsday...

|About: Cablevision Systems Cor... (CVC)|By:, SA News Editor

Cablevision (CVC +0.1%) to take a charge of up to $450M related to its acquisition of Newsday last May, blaming the dramatic deterioration of the publishing business. Analysts say it teaches CVC right: "Wall Street panned this deal from the day it was announced," Craig Moffett remarks.