Key Developments: Cablevision Systems Corp (CVC.N)
18.64USD
1 Aug 2013
$-0.05 (-0.27%)
$18.69
$18.69
$19.03
$18.62
844,589
798,249
$19.48
$13.21
Latest Key Developments (Source: Significant Developments)
Cablevision Systems Corp Declares Quarterly Dividend
Cablevision Systems Corp announced that Board of Directors has declared a quarterly dividend of $0.15 per share on each outstanding share of both its NY Group Class A Stock and NY Group Class B Stock. This quarterly dividend will be payable on September 5, 2013 to shareholders of record at the close of business on August 15, 2013. Full Article
Charter Communications Inc Completes Acquisition of Optimum West from Cablevision Systems Corp
Charter Communications Inc and Cablevision Systems Corp announced the completion of Charter's $1.625 billion acquisition of Cablevision's Bresnan Broadband Holdings, LLC (Optimum West). As a result of the acquisition, Charter adds cable operating systems in Colorado, Montana, Wyoming and Utah that pass more than 660,000 homes and serve 375,000 residential and business customers. Charter funded the acquisition of Optimum West with $1.5 billion of committed bank financing to Charter Communications Operating, LLC, and liquidity from cash on hand and its revolving credit facility. Credit Suisse and Goldman Sachs acted as financial advisors to Charter, and also provided debt financing commitments for the transaction. Citi and J.P. Morgan acted as co-lead financial advisors to Cablevision. BofA Merrill Lynch and Guggenheim Securities provided financial advice to Cablevision. Sherman & Howard acted as legal counsel for Charter and Sullivan & Cromwell LLP as legal counsel to Cablevision. Full Article
Bow Tie Cinemas Completes Acquisition of Clearview Cinemas from Cablevision Systems Corp
Bow Tie Cinemas and Cablevision Systems Corp announced the completion of Bow Tie`s acquisition of substantially all of the Clearview Cinemas theaters from Cablevision. With this acquisition, Bow Tie Cinemas becomes the eighth largest theater circuit in the United States. The company now has the largest number of theater locations in the New York metropolitan area. Financial terms of the transaction were not disclosed. Williams Mullen acted as legal advisor to Bow Tie Cinemas and Anchin, Block & Anchin acted as financial advisor. Citi acted as financial advisor to Cablevision and Hughes Hubbard & Reed LLP acted as legal advisor. Full Article
Cablevision Systems Corp Announces Quarterly Dividend
Cablevision Systems Corp announced that Board of Directors declared a quarterly dividend of $0.15 per share on each outstanding share of both its Cablevision NY Group Class A Stock and its Cablevision NY Group Class B Stock. This quarterly dividend is payable on June 14, 2013 to shareholders of record at the close of business on May 24, 2013. Full Article
Cablevision Systems Corp Declares Quarterly Dividend
Cablevision Systems Corp announced that Board of Directors of Cablevision declared a quarterly dividend of $0.15 per share on each outstanding share of both its Cablevision NY Group Class A Stock and its Cablevision NY Group Class B Stock. This quarterly dividend is payable on April 3, 2013 to shareholders of record at the close of business on March 15, 2013. Full Article
Cablevision Systems Corp Sues Viacom Inc Over Fees For Low-Rated Networks-Reuters
Reuters reported that Cablevision Systems Corp has accused Viacom Inc in an antitrust lawsuit of forcing it to pay for more than a dozen low-rated cable networks in order to get access to Viacom's more popular channels such as Nickelodeon, MTV and Comedy Central. The case is under seal and not available for public viewing. The Cablevision press release does not reveal how much money is at stake in the case. Full Article
Charter Communications Inc To Acquire Optimum West From Cablevision Systems Corp
Charter Communications Inc and Cablevision Systems Corp announced that they have entered into a definitive agreement under which Charter Communications Operating, LLC will acquire Cablevision Systems Corp's Bresnan Broadband Holdings, LLC (Optimum West) for $1.625 billion in cash. Optimum West manages cable operating systems in Colorado, Montana, Wyoming and Utah that pass more than 660,000 homes and serve 304,000 video subscribers and 366,000 customer relationships. Full Article
Cablevision Systems Corp Files Lawsuit Against CWA Union District 1 And Local 1109 In New York State Supreme Court
Cablevision Systems Corp announced that it has filed a lawsuit against the Communications Workers of America (CWA) District 1 and Local 1109 (collectively the CWA Union), in New York State Supreme Court, Nassau County , for making patently false and defamatory claims about the speed and of Cablevision's Internet service in Brooklyn, New York . Full Article
Time Warner Cable Inc Bids For Cablevision Systems Corp's Optimum West-Reuters
Reuters reported that Time Warner Cable Inc has made a bid to buy Cablevision Systems Corp's Optimum West business, Bloomberg reported. Cablevision said in November it was looking to sell its cable assets in four western U.S. states that it bought for $1.4 billion in 2010, after it received inquiries about the business. Charter Communications and Suddenlink Communications have also made offers. According to a source, a deal is not likely to be announced until January or February. Full Article
Cablevision Systems Corp Declares Quarterly Dividend
Cablevision Systems Corp announced that its Board of Directors has declared a quarterly dividend of $0.15 per share on each outstanding share of both its NY Group Class A Stock and NY Group Class B Stock. This quarterly dividend will be payable on November 28, 2012 to shareholders of record at the close of business on November 7, 2012. Full Article
UPDATE 2-U.S. Supreme Court declines Cablevision stay request
WASHINGTON, July 2 - The U.S. Supreme Court on Tuesday declined a Cablevision Systems Corp request seeking a stay of National Labor Relations Board proceedings in light of a recent court action related to presidential appointments to the board.

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