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.

  • Cablevision Board Rejects Dolan’ Offer [AP via]