Cablevision

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…


Cablevision CEO James Dolan

FCC OKs Cablevision sale; deal awaits NY nod

By GREGORY ZELLER // Time to batten down the hatches, according to one of the loudest opponents of Altice Group’s proposed acquisition of Cablevision Systems Corp. The Federal Communications Commission announced late Tuesday that the Dutch conglomerate’s $17.7 billion acquisition of Cablevision “serves the public interest,” a major step forward for the proposed deal and terrible news for Long Island customers, according to Jaci Clement, CEO and executive director of the Bethpage-based Fair Media Council….


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…


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…


Cablevision in deal for WGN America, last 2.8% of Newsday

Cablevision has inked a multi-year deal that will bring Tribune Media’s general entertainment cable network, WGN America, to its New York, New Jersey and Connecticut customers beginning in January. As part of the deal, Cablevision will continue to air Trib’s New York (WPIX-TV), Hartford (WTIC-TV and WCCT-TV) and Philadelphia (WPHL-TV) stations and extend access to TV listings and movie data provided by Gracenote, Tribune Media’s digital data and entertainment company. Gracenote data is used to provide programming information on the Optimum interactive…


Office Depot CIO joins Cablevision

Technology veteran Keith Sherwell has been named chief information officer at Cablevision, leaving a similar job at Office Depot after nine months. The Cablevision post is a new position that spans multiple divisions. Before joining Office Depot in September, Sherwell had been CIO at Sears and, for 13 years, senior veep of technology at American Express. Sherwell reports to Cablevision CTO David Dibble, previously head of Yahoo’s global infrastructure.    


Cablevision CEO James Dolan

Cablevision: Just trying to stay ahead of consumers

A loss of 28,000 video subscribers may sound like big trouble for a cable company, but Cablevision Systems Corp. is taking the decline in stride. In fact, despite that precipitous drop in TV subscribers, Cablevision still managed to beat Wall Street’s first-quarter expectations, according to an earnings statement issued Monday. The Bethpage-based television, telephone and Internet provider finished the quarter ended March 31 with net income of $44.6 million, or 16 cents per share. That’s…