Key Developments: Cablevision Systems Corp (CVC)
15.34USD
24 May 2013
$-0.11 (-0.71%)
$15.45
$15.39
$15.42
$15.19
1,364,028
3,431,439
$18.85
$10.76
Latest Key Developments (Source: Significant Developments)
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
Cablevision Systems Corp And The Walt Disney Company Announce Comprehensive Distribution Agreement
Cablevision Systems Corp and The Walt Disney Company announced a comprehensive distribution agreement to deliver Disney’s robust lineup of top sports, news and entertainment content to Cablevision TV customers across television, internet, tablets and handheld devices. The new agreement enhances the multichannel business model and supports the companies’ mutual goal to deliver the video content to customers across multiple platforms. As part of the new multi-year agreement, Cablevision will launch several new services, including the full suite of authenticated WATCH products, ESPN3 and ESPN 3D, as well as the upcoming ABC News/Univision Joint Venture, a 24/7 news, information and lifestyle multi-platform network for English-dominant and bilingual Hispanics, the youngest and growing demographic in the U.S. In total, approximately 70 services are covered by the broad scope of this agreement including: ABC, ABC Family, Disney Channel, Disney Junior, Disney XD, ESPN, ESPN2, ESPNU, ESPN Deportes, ESPNEWS, ESPN Classic, ESPN Goal Line, ESPN Buzzer Beater, ESPN 3D, ESPN GamePlan, ESPN FullCourt, ESPN3 and Longhorn Network; retransmission consent for WABC-TV and WPVI-TV, as well as more than 10 high-definition networks Full Article
Cablevision Systems Corp Announces Closing Of Offering Of $750 Million Of Senior Notes
Cablevision Systems Corp announced that it has closed a public offering of $750 million of senior notes due 2022. Cablevision intends to invest the net proceeds of this offering in its subsidiary, CSC Holdings LLC, with which CSC Holdings LLC will address its upcoming debt maturities through the tender offers it commenced on September 13, 2012 for $600 million of its 8.50% Senior Notes due 2015 and 8.50% Senior Notes due 2014, by repaying amounts outstanding of its Term Loan B-2 and for general corporate purposes. Full Article
The Shuman Law Firm Investigates Cablevision Systems Corp
The Shuman Law Firm announced that it is investigating potential claims against certain officers and directors of Cablevision Systems Corp. The firm's investigation primarily concerns the Company’s response to and public disclosures concerning competition from Verizon Communications, Inc. in the cable television business in the New York Metropolitan area. These ongoing issues have led to the filing of a class action lawsuit against the Company and its officers and has also coincided with a drop in Cablevision’s stock price since. As recently as June 30, 2011, the Company’s stock traded in excess of $36 per share. As of September 4, 2012, Cablevision’s stock price was trading at less than $15 per share. Full Article
Cablevision posts loss; cable TV subscribers slip, costs up
- Cablevision Systems Corp reported a quarterly loss on Thursday as fewer people subscribed to its cable television services and its programming costs rose.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
