Cablevision Airs Plans With Investors

Aug 14, 2008  •  Post A Comment

During three days of meetings with major shareholders, Cablevision Systems said it doesn’t plan any more major acquisitions, the Wall Street Journal reports. The recent purchases of Sundance Channel and Newsday had depressed Cablevision’s stock, but in management’s first meeting with investors in years, steps to improve the share price, including the possibility of spinning off Rainbow Media and Madison Square Garden, declaring a dividend and buying back stock, were discussed, the paper says.

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