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Cablevision Systems Corp. on Tuesday said its third-quarter profit more than tripled as a sluggish economy didn't deter subscribers from signing up for its digital cable, Internet and phone plans in the face of aggressive competition from Verizon's fiber-optic FiOS TV service.
Cablevision says it has no plans to sell Madision Square Garden, home of the NBA's New York Knicks, or any other Cablevision business.
Cablevision Systems Corp. posted a hefty fourth-quarter loss on Thursday after writing down the value of its Long Island-based newspaper Newsday by nearly two-thirds. While Cablevision's core cable TV operations remain solid, some of company's other businesses are feeling the pain of the economic downturn.
Nine months after shareholders rejected the Dolan family's latest bid to take Cablevision Systems Corp. private, the cable operator said Tuesday it is considering several options to boost its stock price including spinning off some of its diverse holdings.
News Corp. CEO Rupert Murdoch said Wednesday he expects to clinch a deal to buy the Long Island-based newspaper Newsday within a week, despite a higher offer from Cablevision Systems Corp.
Cablevision Systems lost a suit filed by Hollywood studios who claimed that the cable company's next-generation digital video recording device would have broken copyright laws.
Cable to Hit 11M VOIP Subscribers in '07From the artical: With the number of North American broadband homes approaching 50 million, U.S. and Canadian cable operators have now signed up more than 4 million VOIP subscribers and will likely add at least 7 million more subscribers by the end of next year...
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