BNET Industries
Cablevision Systems Corp. (CVC) is in the Media Industry
- Revenue
- Dec 31 2007
- $6.4B
- Profit
- Dec 31 2007
- $218.4M
- Market Cap
- May 15 2008
- $5.8B
Latest News and Analysis
Cablevision confirms USD650m Newsday takeover
Cablevision has confirmed it is to buy Newsday as part of a USD650m takeover deal. Under the agreement, Cablevision will acquire 97% of the New York daily newspaper, while Tribune retains 3%. The deal values Newsday at USD632m with Cablevision to pay an additional USD18m in rent for property...
Cablevision and Tribune Reach Deal For Newsday
By Yinka Adegoke and Robert MacMillan NEW YORK (Reuters) - Cablevision Systems Corp CVC has sealed a $650 million deal to buy the Long Island daily newspaper Newsday from Tribune Co, but analysts doubt the cable company can achieve cost savings to justify...
Cablevision to Acquire 97 Pct of Newsday
(Reuters) - Cablevision Systems Corp CVC said on Monday it will acquire a 97 percent stake in Newsday media group through a partnership with Tribune company in a $650 million transaction. Cablevision said Newsday businesses would report to Cablevision Chief Operating...
Cablevision to confirm Newsday purchase as Murdoch drops out
Cablevision is due to announce its acquisition of New York paper Newsday today, two days after Rupert Murdoch's News Corp withdrew its bid. A USD650m deal was signed between Cablevision and Newsday on Sun night, reports Newsday, citing a source close to the deal. Cablevision founder Charles Dolan says...
News Corp Drops Bid For Newsday
By Kenneth Li and Robert MacMillan NEW YORK (Reuters UK) - Rupert Murdoch's News Corp NWSa on Saturday dropped its $580 million (298 million pounds) for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision CVC...
News Corp Unexpectedly Drops Bid For Newsday
By Kenneth Li and Robert MacMillan NEW YORK (Reuters) - Rupert Murdoch's News Corp NWSa on Saturday dropped its $580 million bid for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision CVC as...
News Corp Pulls Bid For Newsday
NEW YORK (Reuters UK) - Rupert Murdoch's News Corp NWSa has withdrawn its bid to buy Tribune Co's Newsday newspaper, a spokesman said on Saturday. The spokesman said the deal had become "uneconomical." Cablevision Systems Corp CVC earlier bid $650 million (332 million pounds) to buy...
News Corp Pulls Bid For Newsday
NEW YORK (Reuters) - Rupert Murdoch's News Corp NWSa has withdrawn its bid to buy Tribune Co's Newsday newspaper, a spokesman said on Saturday. The spokesman said the deal had become "uneconomical." Cablevision Systems Corp CVC earlier bid $650 million to buy the...
In the Newsday Sweepstakes, the Smart Money is on Murdoch
(Update: Over the weekend, Murdoch's News Corp. abruptly withdrew its offer and Cablevision was reportedly closing in on its deal to acquire Newsday. So much for the smart money!) The Clash of the Titans for control of Long Island-based daily Newsday has gotten...
Cablevision to Launch Wireless Broadband Network
NEW YORK (Reuters) - Cablevision Systems Corp CVC said on Thursday it plans to spend $350 million to build a wireless broadband network to serve its subscribers in the New York area. Chief Operating Officer Tom Rutledge said the new network, ...
Cablevision Adds Subscribers
By Yinka Adegoke NEW YORK (Reuters) - Cablevision Systems Corp CVC on Thursday posted an unexpected quarterly gain in cable subscribers, but its shares fell as it outlined new spending plans on a high-speed wireless Internet network. Also, the cable operator, run by...
Cablevision to Buy Sundance Channel For $496 Mln
NEW YORK (Reuters) - Cablevision Systems Corp CVC said on Wednesday it would acquire Sundance Channel from General Electric Co's NBC Universal, CBS Corp's CBS Showtime Networks and entities controlled by Robert Redford, the actor and director. Cablevision said it would...
News Corp Sticks to Original $580 Mln Newsday Bid: Source
NEW YORK (Reuters) - News Corp NWSa plans to stick by its original bid to buy Tribune Co's Newsday newspaper for about $580 million, one source familiar with the discussions said on Friday. Rival bidder Cablevision Systems Corp CVC has offered ...
Tribune Near Plan to Sell Newsday to News Corp
NEW YORK (Reuters) - Tribune Co TXA has reached agreement in principle to sell Newsday to News Corp NWSa for about $580 million in what would be a joint venture, according to a source familiar with the matter. Under the terms of a...
The Mismanagement of the Knicks Franchise
Want to learn how not to screw up a fantastic opportunity to manage a well-known and much-loved brand? Take a pointer or two from The Knicks' management. MSNBC broke it down nicely, explaining how the New York Knicks are becoming "the biggest punchline in American sports." Management deals...
BNET Daily Dispatch: IBM, Cablevision, Sprint Nextel, and Dow Jones & Co.
IBM is planning to cut 1,315 U.S. jobs, according to reports yesterday from a union group attempting to organize IBM employees. The company's chief financial officer, Mark Loughridge, said "[IBM is] putting in place a series of actions to address our U.S. cost base, including a basic focus...
Additional Resources
Cablevision buys the Sundance Channel
NEW YORK -- Cablevision Systems Corp. is buying the Sundance Channel, a cable network founded by Robert Redford, for $496 million, the New York-area cable TV company announced Wednesday. The Sundance Channel will become part of Cablevision's Rainbow Media programming division but will continue on as a...
Cablevision's Rainbow Media Holdings to Acquire Sundance Channel
Rainbow Will Look to Strengthen Sundance Channel's Brand Distinction Through Increased Commitment to Original Programming BETHPAGE, N.Y. -- Rainbow Media Holdings LLC, a programming subsidiary of Cablevision Systems Corporation (NYSE: CVC), today announced that it has reached an agreement to acquire Sundance Channel from General Electric Company's (NYSE:...
Fiber Optics Upgrade by The Private Office to Facilitate Videoconferencing
NEW YORK, May 6 /PRNewswire/ -- The Private Office (http://www.theprivateoffice.com/), a Westchester, New York firm offering shared office facilities, virtual support and administrative services, today announced a fiber optics upgrade by Cablevision Lightpath and touted its impact on videoconferencing and other electronic services for its clients. By...
ClearApp® Closes Strong Q1: New Wins With Leading Enterprises, Strengthens Product for Oracle, IBM & BEA Platforms
Companies Across Financial Services, Retail, Grocery, Biotech and Telecom Rely on QuickVision to Bridge Business Context Gap Inherent in Composite Apps MOUNTAIN VIEW, Calif, May 6 /PRNewswire/ -- ClearApp, a provider of comprehensive application service management ASM for J2EE-based composite applications, today announced the close of another...
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- Incorporated: 1998
- CEO: Mr. James L. Dolan
- Employees: 14,471
Cablevision Systems is a cable operator in the U.S. that operates cable programming networks, entertainment businesses and telecommunications companies. Through its Rainbow Media Holdings LLC subsidiary, Co. owns interests in and manages national and regional programming networks, the Madison Square Garden sports and entertainment businesses as well as cable television advertising sales companies. Through its Cablevision Lightpath Inc. subsidiary, Co. provides telephone services and Internet access to the business market. As of Dec 31 2007, Co. served approximately 3.1 million cable television subscribers in and around the New York City metropolitan area.
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Cablevision Systems Corp. Company Info
Board of Directors
Mr. Charles F. Dolan
Chairman
Vice Admiral John R. Ryan
Mr. Vincent Tese
Dr. Leonard Tow
Mr. Rand V. Araskog
Mr. Frank J. Biondi Jr.
Ms. Marianne Dolan Weber
Mr. Hank J. Ratner
Vice-Chairman
Mr. James L. Dolan
Mr. Thomas C. Dolan
Mr. Patrick F. Dolan
Mr. Brian G. Sweeney
Mr. Zachary W. Carter
Mr. Charles D. Ferris
Mr. Thomas V. Reifenheiser
Contact Information
1111 Stewart Avenue
Bethpage, NY
516 803-2300