After
failing to acquire Cablevision Systems Corp. last year, the controlling Dolan family has again hired Bear, Stearns & Co. But instead of making another run for the company, the bank has been tasked to explore a possible sale of assets or even acquisitions, according to a
New York Post story.
Continue reading below
Among the options reportedly on the table is a sale of its Rainbow Media unit, which includes cable networks IFC, WE and AMC. The unit may be worth up to $3 billion, and likely bidders according to the Post include News Corp. and Liberty Media Corp. Why the Post stopped at listing only two potential bidders when just about any major media company operating cable networks like Time Warner Inc., Viacom Inc., Comcast Corp., NBC Universal and even Walt Disney Co. could afford the price tag makes you wonder. Additionally, the Post suggests that Cablevision is open to acquisitions, including other cable networks and even music venues. - Matthew Wurtzel
See story from the New York Post
See TheDeal.com: Dolans don't get Cablevision
