Newsday Enters Deal to Sell Free Daily Newspaper amNewYork

New York Post: Newsday is selling its freebie commuter paper amNewYork, relinquishing its last toehold in the five boroughs. The sale to Schneps Media, a growing publisher of weekly newspapers and magazines in the New York area, is effective October 11. amNewYork was estimated to be losing about $5 million a year.