Cablevision overpaying for Newsday?

Cablevision is valuing Newsday at more than twice the amount Rupert Murdoch thought it was worth, according to a side-by-side comparison of the two deals.While the Cablevision offer for Newsday appears at first to be “only” $70 million more than the $580 million originally offered by News Corp., a proper comparison of the deals has to take into account the considerable benefit that News Corp.