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November 21, 2008 8:36:15 PM CST


Cablevision

Cablevision news stories

10 Stories

 Cablevision Buys Newsday 

LI company wins battle for paper

(Newser) - Cablevision will pay Tribune Co. $650 million for Newsday , the companies said this morning. The cable operator's bid for the Long Island daily and its free offshoot amNew York topped $580 million offers from New York Daily News owner Mortimer Zuckerman and News Corp., reports the Wall Street Journal. More »

More about:  Rupert Murdoch newspaper Newsday Cablevision Mortimer Zuckerman

 Murdoch Drops Newsday Bid 

News Corp. calls matching Cablevision's $650 million offer "uneconomical"

(Newser) - Rupert Murdoch has dropped his $580 million bid for Newsday . Cable operator Cablevision has offered $650 million for the Long Island daily, and Murdoch’s News Corp. said a higher bid would be “uneconomical.” The media tycoon’s dropout was unexpected, Reuters says, considering Murdoch recently told investors a deal was nearly done. A $580 million bid from Mortimer Zuckerman, owner of the rival Daily News , remains on the table. More »

More about:  Rupert Murdoch News Corp Tribune Company Sam Zell Newsday Cablevision Mortimer Zuckerman

Daily News Owner Makes Newsday Bid

Zuckerman v. Murdoch fight may hinge on
who can clear FCC

(Newser) - Daily News owner Mort Zuckerman has matched Rupert Murdoch's bid for Newsday , the New York Times reports—but didn't go a penny over the $580 million the New York Post owner offered. Instead Zuckerman claimed his bid is the better one because, unlike Murdoch's, it doesn't run the risk of running into an FCC tripwire. More »

More about:  Rupert Murdoch FCC Tribune Company Sam Zell New York Post Newsday Cablevision Mortimer Zuckerman New York Daily News

 The Garden to Get a New Look 

$500 million in renovations set to begin spring of next year

(Newser) - Madison Square Garden is getting a  $500-million overhaul. After pulling out of a plan to build a new arena as part of a new Penn Station project a few blocks away, Cablevision, the Garden's owners, unveiled a renovation plan yesterday.  The work is slated to start next spring and be done during the summers,  finishing by the 2011-2012 NBA and NHL seasons. The Liberty will have to relocate, but the Knicks and Rangers will stay put. More »

Dolans Lose Buyout Bid for
Cablevision

Investors nix plan to take company private; offer too low

(Newser) - Cablevision shareholders today rejected a bid by the Dolans, the company's founding family, to take the Long Island-based cable provider private. The family offered $10.6 billion, or $36.26 a share, below what major investors felt was the firm's value, the AP reports. Analysts valued the company, which also owns the Knicks, Rangers, Madison Square Garden, and Radio City Music Hall, at as much as $50 per share. More »

More about:  cable TV James Dolan Cablevision

Dolan Deal for Cablevision Is
on the Rocks

Largest shareholder balks as family declines to increase offer

(Newser) - The Dolan family bid to take Cablevision private is on the verge of collapse, the New York Times reports, after James Dolan announced last night that the $10.6 billion bid won't be upped, and the company’s largest shareholder balked. ClearBridge Advisors, which owns 13.6% of shares, threatened to vote against the $36.26 a share offer next week, joining other dissenting institutional investors. More »

More about:  James Dolan Cablevision

Knicks' Sex Harass Loss Threatens
Dolan Deal

$11.6M judgment could pack double whammy

(Newser) - Yesterday's $11.6 million sex harassment judgment against the New York Knicks was not only mortifying for the team, it could undermine the Dolan family's plan to privatize Cablevision, the media giant that owns it, the Wall Street Journal reports. The decision against head coach Isiah Thomas came just three weeks before a vote by Cablevision shareholders on the Dolans' $10.6 billion proposal. More »

More about:  basketball New York Knicks Isiah Thomas Cablevision

(Newser) - Strong factory orders and media-buyout mania helped push the Dow to another record high, closing at 13,211. The index jumped 76 points, riding news of yesterday's News Corp. offer for Dow Jones and Co. and today's Cablevision deal, as well as a better-than-expected March bump in factory orders. More »

More about:  Dow Jones stock market Rupert Murdoch News Corp NASDAQ Cablevision

Dolans' Offer
Scores With
Cablevision

Third time's the charm for founding family buying back the company

(Newser) - The Dolans have finally  struck a deal to take Cablevision private. The $10.6 billion transaction, announced today, ends two years of wrangling with the entertainment conglomerate's board, and is a victory for Charles, the company's 80-year-old founder and his son James, now CEO. More »

More about:  television business entertainment privatization James Dolan Cablevision Charles Dolan

Dolans Make Third Run At  Buying Back Cablevision

Offer shows confidence in cable future

(Newser) - Cablevision's founding family is close to taking the entertainment giant private, the Journal reports. The Dolans have tried and failed twice since 2005 to strike a deal with the board, but the third time may be the charm. The magic number is $36 a share, up from $30 in an unsuccessful bid in January. More »

More about:  television Verizon cable TV Time Warner James Dolan Cablevision Charles Dolan

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