News Breaks |
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| October 21, 2012 |
| 21:23 EDT |  | CVC, DISH, AMCX | Cablevision, AMC Networks settle in VOOM HD litigation with DISH
Cablevision Systems Corporation (CVC) and AMC Networks (AMCX) announced that they have settled their litigation with DISH Network LLC (DISH) related to VOOM HD Holdings. The lawsuit, VOOM HD Holdings LLC v. EchoStar Satellite LLC, was filed in the Supreme Court of the State of New York, County of New York.The settlement agreements include the following components: DISH Network pays a cash settlement of $700M to Cablevision and AMC Networks, $80M of which is in consideration for the purchase of Cablevision’s multichannel video and data distribution service,MVDDS, licenses in 45 metropolitan areas in the U.S.; DISH Network enters into a long-term distribution agreement with AMC Networks to carry AMC, IFC, Sundance Channel and WE tv, and with The Madison Square Garden Company to carry Fuse on its satellite service; and DISH also conveys its 20-percent membership interest in VOOM HD to Rainbow Programming Holdings LLC, such that all of the cash settlement remains with Cablevision and AMC Networks. |
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News For CVC;AMCX;DISH From The Last 14 Days Check below for free stories on CVC;AMCX;DISH the last two weeks. |
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| May 21, 2013 |
| 06:52 EDT |  | CVC | Video on demand from cable companies becoming more popular, NY Times says
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| 05:40 EDT | | DISH | Softbank confirms waiver, expects Sprint deal to close in six weeks
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| 05:31 EDT | | DISH | DISH, Sprint to engage in talks
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| 05:23 EDT | | DISH | Sprint provides transaction update
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| May 20, 2013 |
| 16:01 EDT | | DISH | DISH offered $2B to purchase spectrum from LightSquared, Bloomberg says
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| 15:42 EDT | | DISH | DISH offers $2B to LightSquared for spectrum, Bloomberg says
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| May 16, 2013 |
| 19:11 EDT | | DISH | Dish sends letter to FCC over SoftBank, Sprint deal, Reuters says
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| May 14, 2013 |
| 08:31 EDT | | DISH | DISH announces $2.5B debt offering, to be used to partially fund Sprint bid
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| 07:40 EDT |  | DISH | Senate Commerce Committee to hold a hearing
The Subcommittee on Communications, Technology and the Internet holds a hearing on the state of video with President & CEO Smith of the National Association of Broadcasters, President & CEO Powell of the National Cable and Telecom Association and Stanton Dodge, Executive Vice President for DISH Network (DISH) on May 14 at 10:30 am. Webcast Link |
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| 05:44 EDT | | DISH | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 08:24 EDT | | DISH | Softbank pressuring potential Dish investment banks, FT reports
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| May 11, 2013 |
| 13:39 EDT | | DISH | Softbank says Dish-Sprint deal poor match, Bloomberg reports
The CEO of SoftBank (SFTBF) Masayoshi Son criticized the concept of Dish Network's (DISH) offer to buy Sprint Nextel (S), saying the satellite company would be a poor fit for a wireless carrier, while the synergies of a SoftBank-Sprint deal will result in significant cost savings. Reference Link |
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| May 10, 2013 |
| 10:00 EDT |  | CVC | On The Fly: Analyst Downgrade Summary
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| 07:09 EDT | | DISH | Dish gets Jefferies Group financing in Sprint bid, Bloomberg reports
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| 06:10 EDT | | DISH | On the Fly: Periodicals Wrap-Up
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| 05:50 EDT | | CVC | Cablevision downgraded to Neutral from Buy at Citigroup
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| May 9, 2013 |
| 12:57 EDT | | DISH | Ergen says DISH could sell non-core assets if needs to decrease debt leverage
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| 12:54 EDT | | DISH | DISH Chairman says sale of spectrum or whole company options if Sprint bid fails
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| 12:44 EDT | | DISH | DISH's Ergen: If Sprint bid unsuccesful, could sell spectrum or whole company
Comment made on Q1 earnings conference call. |
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| 10:48 EDT | | CVC | Cablevision CFO says no plan to cut dividend
Cablevision CFO Gregg Seibert said on the company's first quarter earnings conference call that the company's board shows "complete support" for continuing Cablevision's dividend at its current level. Seibert said the company pays about $40M a quarter in the form of a dividend and that the company "certainly did not earn that in the first quarter on a free cash flow basis." Seibert acknowledged going forward it's not clear the company will consistently earn that over the next few quarters, but from a liquidity standpoint the company's proceeds from its Bresnan transaction "should be in the neighborhood of $625M plus whatever working capital and cash is in the company at the time of closing." That liquidity and other sources gives the board "comfort" in regard to maintaining the dividend, according to the executive. |
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