BETHPAGE, N.Y. - News 12 Long Island has learned that Cablevision is being sold to a European company.

The cable company will be bought by the telecom company Altice for $17.7 billion.

Cablevision shareholders have already approved the deal by written consent.

The purchase should be completed in the first half of next year and includes the sale of Newsday and News 12 Networks.

Cablevision is the parent company of News 12 Long Island.