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BUSINESS
May 8, 2008 | Meg James, Times Staff Writer
Cablevision Systems Corp. said Wednesday that it was wading deeper into the cable programming business by buying the Sundance Channel from its famous co-founder, Robert Redford, and two media companies for $496 million. The move surprised some analysts because Bethpage, N.Y.-based Cablevision, through its Rainbow Media Holdings subsidiary, already owns two movie channels -- AMC and the Independent Film Channel -- in addition to WE tv, a channel aimed at women. Some investors had wanted the family-controlled cable systems operator to use its cash to buy back shares.
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BUSINESS
May 8, 2008 | Meg James, Times Staff Writer
Cablevision Systems Corp. said Wednesday that it was wading deeper into the cable programming business by buying the Sundance Channel from its famous co-founder, Robert Redford, and two media companies for $496 million. The move surprised some analysts because Bethpage, N.Y.-based Cablevision, through its Rainbow Media Holdings subsidiary, already owns two movie channels -- AMC and the Independent Film Channel -- in addition to WE tv, a channel aimed at women. Some investors had wanted the family-controlled cable systems operator to use its cash to buy back shares.
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BUSINESS
June 21, 2005 | From Associated Press
The family that controls Cablevision Systems Corp. is offering to take the cable TV provider private, marking the latest dramatic turn for a company that has been riven by a family feud.
BUSINESS
June 21, 2005 | From Associated Press
The family that controls Cablevision Systems Corp. is offering to take the cable TV provider private, marking the latest dramatic turn for a company that has been riven by a family feud.
BUSINESS
March 13, 2003 | Brian Lowry
The AMC cable network will examine the inner workings of Hollywood in a weekly series with hosts Peter Guber, a producer, and Variety Editor Peter Bart. AMC, a unit of Rainbow Media Holdings, confirmed plans for "Sunday Morning Shoot-Out," which is scheduled to premiere in October. The weekly show will feature "high-powered guests" engaging in discussions about Hollywood with Guber and Bart.
BUSINESS
November 4, 2002 | Sallie Hofmeister, Times Staff Writer
NBC is close to a deal to buy the Bravo cable channel from Cablevision Systems Corp. for $1.25 billion in cash and stock, according to people close to the negotiations. The two parties were hours away from signing a deal late Sunday night after weeks of talks, the sources said. The transaction, which sources cautioned could unravel, would give NBC, which is owned by General Electric Co.
BUSINESS
August 23, 2000 | GREG MILLER, TIMES STAFF WRITER
The parent company of Independent Film Channel has agreed to acquire a 5% stake in online entertainment site Ifilm.com as part of a partnership in which the two companies will also develop a television show about independent filmmakers. An Ifilm spokeswoman declined to say whether Rainbow Media Holdings, a New York-based company that owns Independent Film Channel, will pay any cash for its equity stake in the Los Angeles-based Web site.
BUSINESS
October 9, 2006 | From Newsday
The Dolan family is seeking to take Cablevision Systems Corp. private for the second time in two years, this time in an all-cash offer worth more than $7.9 billion, according to a letter obtained by Newsday. Chairman Charles Dolan and his son, Chief Executive James Dolan, delivered a letter Sunday to the Cablevision board, offering to buy all the outstanding shares at $27 each. The deal comes a year after Charles Dolan dropped plans to take the Bethpage, N.Y.
BUSINESS
August 6, 2008 | From the Associated Press
Nine months after shareholders rejected the Dolan family's latest bid to take Cablevision Systems Corp. private, the cable operator said Tuesday that it was considering several options to boost its stock price, including spinning off some of its diverse holdings. Chief Executive James L.
BUSINESS
November 12, 2003 | From Reuters
Cablevision Systems Corp. said Tuesday that it had found more accounting irregularities as the company reported a wider third-quarter loss because of weakness in its cable television business. The No. 6 U.S. cable operator said an internal audit had found $15 million in improperly booked expenses in 2002 and earlier, marking the third time since June that the company had disclosed inappropriate accounting.
BUSINESS
October 25, 2005 | From Associated Press
Cendant Corp., which built itself into a $20-billion conglomerate to please investors, said Monday that it was disbanding into four separate companies. The reason for the split: its unhappy investors. But Wall Street remained grumpy with the company. Shares of Cendant, which owns Century 21 real estate, Ramada hotels, Avis rental cars and Orbitz online travel service, fell $1.32, or 6.6%, to $18.77 after hitting a new 52-week low of $18.36.
BUSINESS
December 23, 1999 | HARRY BERKOWITZ, NEWSDAY
Investors who want to bet on the financial performance of the New York Knicks and Rangers, the Rockettes and old movies on TV will get a chance to do so in mid-2000, Cablevision Systems Corp. said Wednesday. That's when the company expects to create a so-called tracking stock that breaks off the performance of its sports, film channel and entertainment businesses from that of its cable system operations.
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