It looks the takeover trend is winding down somewhat--at least as far as the Dolan family is concerned. Their $10.6 billion bid to take Cablevision private has been rejected by shareholders.
Cablevision Systems said Tuesday it did not receive enough votes from its shareholders to approve a $10.6 billion buyout bid from the Dolan family.
"Mad Men," a TV show from Lions Gate about Madison Avenue AdMen in 1960, has been a hit among a very small audience. It airs on a division of Cablevision, Rainbow Media's AMC, which has only 90 million subscribers.
Stocks ended mixed as a strong earnings reports from the tech sector were offset by a selloff of blue chip stocks. Meanwhile, oil futures spiked to a new intraday record but ended lower on late profit-taking.
ClearBridge Advisors, the largest institutional shareholder in Cablevision Systems, plans to vote against the founding Dolan family's effort to take the cable television company private, the Wall Street Journal reported on Wednesday, citing sources.
Today, I had an additional conversation with Scott Boras on his claim that Alex Rodriguez is behind much of the YES Network's increased ratings over the years. While it is true that more cable carriers, including Cablevision, picked up on YES after A-Rod joined the team in 2004, Boras says that carriage became more essential because of his client's presence on the team.
Before yesterday, I thought the best part about Dale & Thomas' Popcorn was the popcorn. Today, the best part about that business is that most people don't know that Isiah Thomas is the Thomas in the name.
A federal jury decided Madison Square Garden and its chairman must pay $11.6 million in damages to former New York Knicks executive Anucha Browne Sanders in her sexual harassment lawsuit.
Pepsi announced today a group of new products, including G2, a Gatorade with half the calories of your normal variety Gatorade. While Pepsi called this innovative and new, it's actually part of a strategy that failed more 25 years ago.
New York-based cable television operator Cablevision Systems reported a higher quarterly profit on Wednesday as it added more digital video, high-speed Internet and voice subscribers.
The Big Ten Network announced yesterday it would launch on August 30 and people are already asking this question. If a game is broadcast and no one can see it, did it happen? You see, the network is asking that people in the eight Big Ten states pay 10 cents a month to get the network, while those outside of those states pay $1.10 per month. And it's not a pay-per-view deal. It's a pay-even-if-you-don't-watch-us-deal. And even if you're a Big Ten fan, this is hardly "must watch." (Correction from earlier post: Big Ten states pay $1.10 per month, others pay 10 cents.)
Hollywood's superhero foursome is still fantastic at the box office.
"Shrek the Third" took in $122 million in its first weekend, breaking the franchise's own record for best debut ever for an animated film, according to studio estimates Sunday. The latest adventure of the ogre shot past 2004's "Shrek 2," the previous record-holder for animated openings with $108 million.
Mergers and acquisitions dominated headlines during the week as the S&P 500 ended above 1,500 for the first time in more than seven years and came within striking distance of an all-time high of 1,527 set in March 2000. "Merger activity is one of the things that's driving the strength in this market," said Ted Weisberg, president of Seaport Securities.
The moguls are on a buying spree...The latest: Ron Burkle is eyeing tabloid publisher American Media. After he lost the LA Times to Sam Zell, who snapped up the Tribune company (Burkle made a bid with Eli Broad), he's turned to more low-brow fare. American Media has Star, National Enquirer, and less well-known names like Flex and Muscle & Fitness. It's also got tons of debt.
Cramer’s a believer that you learn more from mistakes than successes. Sure, he could gloat about his good calls, but that wouldn’t help Home Gamers very much.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Time Warner (TWX) Comcast (CMCSA) and other cable companies, with their already established links to your homes, are fast becoming one-stop shopping for all your interactive needs. That's TV, phone and internet. What's the best way to trade this growing trend and what does this mean for the Verizons (VZ) of the world?
Earnings blowouts and FDA approvals were the catalysts behind some of Thursday's most actively traded stocks.
Fund manager Mario Gabelli said he thinks the assets of Cablevision Systems are worth about $15 a share, or $4 billion, more than being currently offered.