A group including Patrick Dolan and Charles Dolan entered into a agreement to acquire 75% stake in Newsday LLC from Cablevision Systems Corporation on July 7, 2016. Under the terms, Altice USA will retain 25% stake. Patrick Dolan will become President of Newsday Media Group. Charles Dolan will hold a small financial interest in Newsday Media Group and sit on its board of directors. Ed Bushey, Senior Vice President/General Manager of Newsday, and Debby Krenek, Editor-in-Chief of Newsday, will continue to co-manage Newsday. A group including Patrick Dolan and Charles Dolan completed the acquisition of 75% stake in Newsday LLC from Cablevision Systems Corporation in July 2016.