No Asset Sales for Cablevision

Nov 7, 2008  •  Post A Comment

Cablevision Systems says it is no longer actively considering the sale of assets including the cable networks in its Rainbow Media division, the Wall Street Journal says. Declarations by the Dolan family, which controls the cable operator, that it would consider moves to return cash to shareholders, such as asset sales and stock buybacks, had boosted its stock earlier this year. Now investors may be distrustful of the family again, the Journal says.
—Jon Lafayette

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