Cablevision mulls over Dolan family buyout offer. Corante New York:

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This, the first of our regional blogs, is authored by the technology and financial journalist Dominic Basulto. Dominic is a New York native, has been a senior editor at Corante since day one and has written for a number of online and offline media companies. Send tips or story ideas to: basulto@gmail.com.

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July 19, 2005

Cablevision mulls over Dolan family buyout offer

Posted by Dominic Basulto

Cablevision has already lined up two blue-chip Wall Street investment banks - Morgan Stanley and Lehman Brothers - to advise on a buyout offer from the Dolan family. In addition, Cablevision's board has formed a special committee to evaluate the offer. In June, the Dolan family offered to take Cablevision private in a $7.9 billion cash-and-stock deal that would lead to the company splitting off its TV networks and sports teams into a separate entity (Rainbow Media Holdings).

Whatever happens at Cablevision is worth watching, especially the continuing twists and turns in the family-son drama between Charles and James Dolan. Is it possible that the Dolan family will really live happily ever after?

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