24/7 Wall St.: Press Digest::
The Wall Street Journal writes that Time Warner (TWX) plans to spin-out Time . According to Reuters, Cablevision (CVC) is close to buy newspaper Newsday
http://www.247wallst.com/press_digest/index.htmlHOME |
Cablevision's spinout of its Rainbow DBS satellite service is on track, but details have changed since the proposal was first floated in March.
Consumer News Service - 2005 News (cont'd)::
New FAA plan would revise virtual "ramps" to ease crowding. Cablevision Backs Unbundling Programming Packages As telecoms prepare to storm the cable
http://www.consumeraffairs.com/news04/index2.htmlHOME |
JRD Tata Memorial Library: combind List of e-journals::
Bioxell Case Study: Creating and Nurturing a Successful Spin-Out Healthcare Research Report: Revised USSC Guidelines Clarify Compliance for Life
http://anuroopa.library.iisc.ernet.in/ejournals/MHRD-Ejournals/combind.phpHOME |
The new entity will include DBS and three national cable networks, AMC, The Independent Film Channel and WE:Women's Entertainment. In addition, the DBS business will offer nationwide service..
Under the original plan, the spin-off would have included DBS, Clearview Cinemas and approximately $450 million in cash from Cablevision. Cablevision would also have retained rights to sell DBS service in New York.
Xavier University: Peace & Justice Programs: Peace Studies Minor::
The violence in the Philippines threatens to spin out of control. Poverty is deep. The U.S.-supported peace plan known as the "road map" is moribund.
http://www.xavier.edu/peace/current.htmHOME |
The revised plan was approved by Cablevision's board of directors this week, according to a regulatory filing.
Primis Online::
The fact that both Comcast and Cablevision are themselves Committee on Banking Supervision announced plans to revise the capital standards for banks.
http://www.primisonline.com/cgi-bin/POL_program.cgi?programCode=HBSFC&context=HOME |
Cablevision says the move focuses it on regional cable and telecommunications, sports (Madison Square Garden and its teams) and entertainment (Radio City Music Hall, Clearview Cinemas and others). It also helps the company reduce debt.
The company will begin the spin-off process in January by grouping DBS and related businesses together into a separate, semi-autonomous unit. The actual spin-off still depends on a tax ruling from the IRS and several other factors.
Cable industry watchers aren't sure the swap of the valuable cable networks and Clearview Cinemas, is prudent. Analysts at Credit Suisse First Boston today downgraded the company's stock from "neutral" to "underperform" following the news. Prudential Securities also took a dim view of the new plan.
Analysts at SG Cowen said the inclusion of the networks will bring cash flow to the new entity and enhance its viability. It may leave Cablevision in position for a merger or acquisition, analysts said.
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Cablevision Revises Spinout Plan 
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