Cablevision’s spinoff of Madison Square Garden Inc. is complete, ...
Cablevision’s spinoff of Madison Square Garden Inc. is complete, the cable operator said. That leaves Cablevision with “best in class cable assets and free cash flow generation,” Wells Fargo analyst Marci Ryvicker wrote investors. “While we think the possibility…
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of consolidation at some point could be a long term catalyst for the company, as speculated in the media, we do not believe this is a near term opportunity.” Potential buyers such as Comcast are focused on other deals and returning cash to shareholders, she said, and founder Charles Dolan doesn’t appear to be interested in giving up his stake in the company he tried at least three times to take private.