Cablevision’s $650 million purchase of the venerable Long Island newspaper Newsday shouldn't face high regulatory hurdles in Washington D.C., according to one media analyst.

“As best we can determine, the Federal Communications Commission would have no jurisdiction to directly review the transaction because there do not appear to be any communications licenses that would have to be transferred and require regulatory approval," Stifel Nicolaus analyst Blair Levin said in a client note hours after the deal was announced.

The FCC regulates common ownership of newspapers and television or radio stations in the same local market. The agency does not regulate the joint ownership of cable systems and newspapers in the same local market.

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