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Stock Market & Financial Investment News

News Breaks
March 20, 2013
10:44 EDTCVCAlbert Fried believes a Cablevision takeover is possible
Albert Fried & Company believes a takeover of Cablevision (CVC) is possible over the next 12 to 18 months if the company divests certain assets such as Clearview Cinemas, Newsday, and developmental businesses such as New Chanel 12 and MSG Varsity, which combined generated $299M in operating loses in 2012. The firm believes the recent investment in Charter Communications (CHTR) will pressure Cablevision's management to create shareholder value given stock underperformance. Shares of Cablevision are Overweight rated with a $20 price target.
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April 9, 2014
15:48 EDTCVCCablevision promotes Sweeney to President, Kristin Dolan to COO
Cablevision announced the promotions of two long-time senior executives. Brian Sweeney has been named President and Kristin Dolan has been appointed COO. Along with these new positions, both were elected executive officers of the company. These leadership appointments are effective immediately and Sweeney and Dolan will report to Cablevision CEO James Dolan, who will no longer serve as president of the company.

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