James Dolan

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….

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 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…