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Harbinger has 4.9 percent of Cablevision: report
(Reuters) - Hedge fund Harbinger Capital Management has accumulated a 4.9 percent stake in Cablevision Systems Corp (CVC.N), The Wall Street Journal said on its website on Friday, citing regulatory filings.
Harbinger said in a government filing Thursday that it had bought 11.45 million of Cablevision's Class A shares, the paper said.
Harbinger, now Cablevision's fifth biggest shareholder, was not present at meetings with the company's top executives and large investors this week, the Journal said, citing a person familiar with the meetings.
It remains unclear what Harbinger intends to do with its holding, the paper said.
Cablevision and Harbinger were not immediately available for comment.
(Reporting by Ajay Kamalakaran in Bangalore)
