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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.
News For CVC From The Last 14 Days
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January 26, 2015
07:01 EDTCVCCablevision announces upcoming launch of WiFi phone service Freewheel
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06:31 EDTCVCCablevision to launch cheap mobile phone service, NY Times says
Cablevision (CVC) intends to unveil later today a cheap, Wi-Fi based mobile phone service, according to The New York Times. The first service of its kind to be introduced by a cable company, the offering will include unlimited data, talking and texting worldwide for $29.95 a month, or $9.95 a month for Cablevisionís Optimum Online customers, the newspaper stated. Incumbent wireless carriers include Verizon (VZ), AT&T (T), T-Mobile (TMUS), and Sprint ()S). Reference Link

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