Hints and tips:
...“From a tax perspective we operate and comply with not only the words of tax law but the spirit of tax law in each and every country in which we operate,” Litchfield said in an interview....
...Suddenlink in 2015 and Cablevision in 2016, as well as digital-first news company Cheddar in April....
...and Cablevision....
...cable subsidiary in New York to position itself for more dealmaking in America, but has managed to win support from shareholders thanks to the speed with which it has delivered operational improvement at Cablevision...
...In June last year, Cablevision closed its mobile network Freewheel, which operated exclusively over WiFi hotspots, after it failed to lure enough customers....
...France’s Altice, which owns the fourth-biggest cable player in the US, Cablevision, has said it will look for deals....
...Other notable deals include Altice’s takeover of Suddenlink Communications and Cablevision Systems and AT&T’s purchase of satellite provider DirecTV....
...Patrick Dolan, son of Charles Dolan, the founder of HBO and Cablevision, has bought a 75 per cent stake in Newsday Media. Altice, the Dutch telecoms company, will keep the remaining quarter stake....
...Altice, the French telecom upstart, has made an expensive splash in the US by buying up marginal providers Suddenlink and Cablevision for $27bn in recent years....
...Other notable deals include Altice’s takeover of Suddenlink Communications for $9.1bn and Cablevision Systems for $17.7bn, and AT&T’s purchase of satellite provider DirecTV....
...Shares in Cablevision have been trading at below Altice’s all-cash offer of $34.90 since the deal was announced in September, amid concerns that the deal will not close....
...Those are deep cuts — half of Cablevision’s existing earnings — but it will need them to help meet its interest bills....
...Altice’s estimated savings would snip a fifth off Cablevision’s operating costs. Its operating expenses are nearly 72 per cent of revenues....
...The transaction will leave Cablevision with $14.5bn of net debt....
...Mr Dolan is the chief executive of Cablevision, the New York pay-TV provider that was acquired by Altice for $17.7bn earlier this week....
...Last week Altice, the French cable giant, was forced to lower the size of a bond offering to finance its takeover of Cablevision....
...No surprise that the share prices of both TWC and rival Cablevision rose sharply on the day, as did Altice’s, 11 per cent....
...Shares of Cablevision, the fourth-largest pay-TV operator controlled by New York’s billionaire Dolan family, surged 22 per cent last week on speculation about further consolidation....
...A combined Charter-TWC may then look to buy another company such as Cablevision, controlled by New York’s Dolan family....
...TWC’s shares rose 5.4 per cent, while smaller rival Cablevision closed up 18 per cent. Altice declined to comment on future deals and Cablevision said it did not comment on “rumours and speculation”....
...Two of those, Cablevision and Charter Communications, have now subtly shifted their personas to “connectivity” companies (Cablevision has even unveiled a mobile WiFi phone service called Freewheel)....
...Yet the trade-off is partly reflected in the price: $9.95 a month for Cablevision customers, on top of their regular monthly bill, or $29.95 for non-customers....
...Cablevision’s stock soared 7.3 per cent to $26.67 a share, leading the S&P 500 index, after the Wall Street Journal reported late on Thursday that Patrick Drahi, owner of Altice, was eyeing the company for...
...It is a plum job obtained through his status as scion of the Cablevision family....
...Then, in 2011, Rainbow was spun out of Cablevision, the cable operator controlled by the Dolan family, and rebranded AMC Networks....
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