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June 21, 2005
The family that watches cable together, stays together
Posted by Dominic Basulto
The New York Times says that investors, Wall Street analysts and shareholders are puzzled by the Dolan family's $7.9 billion plan to buy out the public shareholders of Cablevision and spin-off the company's non-cable assets:
"So what are the Dolans really up to? Are the Dolans trying to put the company in play? Is the deal a result of the family's feud? Has taking the company private been the plan all along?"
If nothing else, the proposed break-up of the company into two pieces - one for Charles Dolan and one for James Dolan - could provide an "elegant solution to the family's squabbling."
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