Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Bloomberg News

Cablevision Said to Explore Sale of Bresnan Unit

October 13, 2012

Cablevision Systems Corp. (CVC:US) is exploring a sale of its Bresnan Broadband Holdings LLC unit after acquiring the northwestern U.S. cable system in 2010, according to a person familiar with the situation.

The sale discussions are preliminary and no investment banks have been hired to advise on a deal yet, the person said, who asked not to be named because negotiations are private.

Cablevision, the fifth-largest U.S. cable company by subscribers, bought Bresnan from Providence Equity Partners Inc. in December 2010 for $1.37 billion, giving it access to states including Colorado, Montana and Wyoming. The company may be looking to sell as it spends more money on New York-area systems to increase customers’ broadband speeds and after several cable companies, including Knology Inc. and WaveDivision Holdings LLC, have found private buyers this year.

Potential suitors for Bresnan include Time Warner Cable Inc. (TWC:US), Suddenlink Communications and Charter Communications Inc. (CHTR:US), the person said. Charter’s Chief Executive Officer Tom Rutledge was Cablevision’s former chief operating officer.

The Wall Street Journal earlier reported the company was weighing a sale of Bresnan.

Charlie Schueler, a spokesman for the Bethpage, New York- based company, said yesterday it was Cablevision’s policy “not to comment on rumors or speculation.”

Cablevision’s shares closed up 1.1 percent to $16.91 in New York trading yesterday, taking its gain for the year to 19 percent.

To contact the reporter on this story: Alex Sherman in New York at

To contact the editor responsible for this story: Crayton Harrison at

blog comments powered by Disqus