February 21, 1997 |
Cablevision Systems Corp. is considering a plan to sell some of its peripheral cable systems to focus on its markets in New York, Boston and Cleveland, analysts said. The systems, which represent about 475,000 subscribers in states including Maine and Michigan, could fetch $850 million to $1 billion, analysts said. Cablevision, the nation's sixth-largest cable operator, has about 2.8 million subscribers in 19 states. The Woodbury, N.Y.
November 9, 2006 |
Cablevision Systems Corp. reported a narrower third-quarter loss Wednesday as the cable TV operator signed up more customers for premium services such as high-speed Internet access and digital phone. Cablevision, which also owns Madison Square Garden, Radio City Music Hall and a handful of cable channels, posted a loss of $59.2 million, or 21 cents a share, versus a loss of $63 million, or 22 cents, a year earlier.
July 4, 2000 |
Excite@Home Corp., the No. 1 U.S. provider of fast Internet service, countersued Cablevision Systems Corp. seeking monetary damages and the cancellation of its warrants owned by the cable provider. The counterclaim was filed Friday, the same day that Excite, AT&T Corp., Comcast Corp. and Cox Communications Inc. answered a suit by Cablevision in Wilmington, Del., Cablevision said in a Securities and Exchange Commission filing. Cablevision, based in Bethpage, N.Y.
May 9, 2001 |
Cable television operator and sports team owner Cablevision Systems Corp. disappointed Wall Street on Tuesday by saying it would spend more than expected to upgrade its systems, as it reported higher first-quarter profit. Playing into Wall Street analysts' worst fears, the company said it plans to spend $1.5 billion to $1.7 billion in 2002 mostly to upgrade its cable systems to allow digital cable, up from $1 billion to $1.1 billion expected in 2001.
March 3, 2005 |
The father-son power struggle at Cablevision Systems Corp. flared up Wednesday when Charles Dolan, the 78-year-old founder, appointed four new directors to replace key board members who had voted last month to close down his pet satellite TV project. Cable analysts and insiders said Dolan's maneuver was a direct swipe at his son, Cablevision Chief Executive James Dolan, 49, who led the campaign to pull the plug on Voom, the fledgling satellite television venture his father has championed.
December 28, 2001 |
Cablevision Systems Corp., the cable television operator that owns Madison Square Garden and the New York Knicks basketball team, said Thursday it will eliminate about 600 employees, or 4% of its work force. The job cuts and related steps will reduce fourth-quarter earnings by about $55 million, the Bethpage, N.Y.-based company said.