SIGNUPABOUTBW_CONTENTSBW_+!DAILY_BRIEFINGSEARCHCONTACT_US


Return to main story


Dolans' Deals

For Chuck Dolan, Cablevision's septuagenarian chairman, and son James Dolan, 1997 has been a busy year of dealmaking


March: Cablevision buys out partner itt Corp. for $650 million, for control of Madison Square Garden, the Knicks, the Rangers, and the MSG cable network.

June: Cablevision acquires 820,000 tci subscribers in the New York area, achieving a cable monopoly on Long Island. TCI becomes Cablevision's largest single shareholder, though the Dolans still control the voting stock. TCI's John Malone and Leo Hindery will join Cablevision's board.

June: In an $850 million deal, Cablevision folds its regional sports channels into Fox Sports Net. Cablevision has a 40% stake in the ESPN challenger, in partnership with News Corp. and TCI's Liberty Media unit.

October: Cablevision jump-starts its cable-modem efforts in a deal with At Home, a high-speed Internet service partnership of TCI, Comcast, and Cox. Cablevision gets warrants for about 10% of publicly traded At Home for $5.5 million; that stake already has a market value of $318 million.


DATA: COMPANY REPORTS, BLOOMBERG FINANCIAL MARKETS


Return to main story


SIGNUPABOUTBW_CONTENTSBW_+!DAILY_BRIEFINGSEARCHCONTACT_US


Updated Oct. 9, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
Terms of Use