Altice

Watchdog: Newsday buyback is good news

By GREGORY ZELLER // The international horse-trading that landed Long Island’s primary newspaper back in domestic hands is a horse of another color for a staunch opponent of the recent Cablevision Systems Corp. sale. Jaci Clement, CEO and executive director of the Bethpage-based Fair Media Council, applauded Thursday’s announcement that a group led by News 12 Networks President Pat Dolan is buying back a majority stake in the Newsday Media Group. The primary property of…


Welkom bij New York: PSC OKs $17.7B Altice deal

Altice Group’s proposed $17.7 billion acquisition of Cablevision Systems Corp. has cleared its final hurdle. With a heaping side-dish of conditions, the New York State Public Service Commission served up its unanimous approval Wednesday – provided the Dutch conglomerate offers low-cost broadband services to lower-income regions and guarantees job protections, among other requirements. The PSC’s blessing basically finalizes a deal announced in September, following approvals by the Federal Communications Commission and the New Jersey Board…


NYPSC delays decision on Cablevision sale

The New York Public Service Commission will take a little longer to render a verdict on Altice’s $17.7 billion acquisition of Cablevision Systems. Originally scheduled to say yay or nay – or at least impose some stiff conditions on the proposed merger – no later than April 29, the PSC has set a new deadline of May 20. The new deadline is not expected to delay completion of the deal, which includes $10 billion in…


Media watchdog: Say no to Cablevision-Altice deal

By GREGORY ZELLER // Add the Fair Media Council to the list of organizations opposing the proposed sale of Cablevision to Altice. Citing “grave concern for the public interest, public safety and the local economy,” Jaci Clement, CEO and executive director of the Bethpage-based media watchdog, has urged the New York State Public Service Commission to nix the proposed $17.7 billion sale, which includes Newsday, the News 12 operation and their corresponding websites, as well…


In Cablevision deal, some Newsday staffers fear the worst — more change

By JAMES BERNSTEIN // Back in 1995, Mark H. Willes, chairman and chief executive of Times Mirror Co., then the owner of Newsday, flew in from L.A. to visit the Pulitzer Prize-winning, but money-losing, New York edition. Most heartening to the editorial staff, Willes was sporting the same button they all wore that day, “New York Newsday: Too Smart to Die.” Tour completed, Willes hopped back on his corporate jet for the trip home, then announced…


Cablevision to be acquired by Dutch telecom

Cablevision has agreed to be acquired by Netherlands-based telecom company Altice in a deal valued at $17.7 billion, or about $35 per share. The deal, which must be approved by regulators, will create the fourth largest U.S. cable operator. It is expected to close in the first quarter of 2016 and will be financed by a combination of a $14.5 billion share issue, $3.3 billion in cash and Cablevision cash on hand. Altice entered the…