Will CableVision Sell itself?


On the heels of its $200 million sale of money losing Voom service to EchoStar, it seems CableVision is all set to sell the whole kid-kabodle. New York Post reports that “In the wake of the decision to sell its satellite unit Voom, Cablevision’s Dolan family appears finally ready to sell its cable systems. The company has long considered selling its crown jewel — the systems that serve some 3 million area homes — but Chuck Dolan, the family patriarch and founder of Cablevision, has indicated he’s now willing to seriously consider a sale, according to sources.”For the right price of course. The whole business could get around $12 billion, and there will be a lot of interested parties. Premier bidder could be Time Warner Cable, which has been lusting to become the dominant player in the New York metropolitan area. Cablevision has about 3 million users, and has done well with its high speed Internet and VoIP package offerings.

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