Bethpage, N.Y. - Cablevision (NYSE: CVC), a provider of cable TV and broadband services in the New York area, announced on Monday that it will acquire a 97% stake in Newsday Media Group from media company Tribune (NYSE: TXA) for $650 million. Tribune will retain a 3% stake in the company. Cablevision's winning bid beat out other suitors that included News Corp. (NYSE: NWS), which withdrew its $580 million bid on Saturday, and New York Daily News owner Mort Zuckerman.