Cablevision Systems, which has been talking about doing something nice for its investors, on Friday declared a dividend of 10 cents per share of its Class A and Class B stock. “Our strong performance and cash flow enable us to return value to shareholders through dividends," said Cablevision President...
Hedge Fund manager Harbinger Capital said it acquired 11.45 million shares of Cablevision Systems during the second quarter, making it the fifth-largest outside shareholder in the cable operator. Analyst Richard Greenfield said he believes that the Harbinger investment may be one reason why the Dolan...
Cablevision President-CEO James Dolan plans to meet individually with the cable operator’s 20 largest shareholders next week, according to analyst Rich Greenfield of Pali Capital. Earlier this week, Cablevision announced its board had authorized management to explore a spinoff and other corporate activities...
Cablevision Systems said its board has authorized management to explore spinning off some of is businesses as a way to raise the value of its shares. The company did not specify which units might go on the block, but it has been speculated that the cable operator could sell its programming arm, Rainbow...
Cablevision Systems President-CEO James Dolan said the company is open to taking steps to close the gap between its operating performance and its share price. Although it has been one of the most efficient operators in terms of generating revenue from its subscribers, Cablevision's stock has been...