Cablevision Staying Strong, Dolans Strike Out
The Dolan family won’t be purchasing Cablevision after all. The board rejected an offer of $30 per share — up from the original $27 per — that would put the company’s value around $8.9 billion. It’s certainly a lot, but not enough, directors Thomas V. Reifenheiser and John R. Ryan told the AP, especially with cable companies on the rebound.
For now, at least, the ridiculous Triple Play package will remain in the hands of the public.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in