Cablevision and Verizon have settled lawsuits over an advertising battle in which each service provider criticized the actual speed of each other's Internet service offerings.
Cablevision and Verizon have settled litigation over an advertising war in which each operator disparaged the other's Internet speed offerings.
Cablevision's big anti-trust showdown with Viacom over program bundling could be headed for a quiet settlement.
Altice's stated goal of trimming $900 million in annual costs from its new cable acquisition, Cablevision, will start with the departure of the MSO's top 10 executives, Altice CEO Dexter Goei said.
Cablevision is downplaying a shareholder lawsuit filed against it in a Delaware federal court, which is looking to stop the $17.7 million takeover of the company by European telecom magnet Altice NV.
Altice CEO Dexter Goei said the company will pause its aggressive M&A activity after proposing last week to buy Cablevision for $17.7 billion. Altice, he said, will take some time to integrate its new purchases and trim costs.
For Cablevision founder Charles Dolan, the decision to sell the cable company he started 42 years ago was an "emotional journey" that took a sail around the Mediterranean to sort out. The emotions also ran high for the man who bought Cablevision, European telco magnet Patrick Drahi, who took long walks and bike rides around Manhattan to sort out his feelings.
The $17.7 billion purchase of Cablevision by Altice will likely get federal approval, New Street Research says, but meeting FCC public interest guidelines will likely drive up cost for the French telco magnet.
Facing new regulations on broadband and declining fortunes in video, the U.S. cable industry could use the fresh European perspective of Patrick Drahi, said Viacom CEO Philippe Dauman.
Cablevision CEO James Dolan is poised to collect a golden parachute of as much as $128 million amid the takeover of the cable company his family founded 42 years ago by a French telecom conglomerate.