Cable television company Cablevision Systems Corp. indicated that it plans on taking a break from making any major acquisitions as its ended an investor roadshow discussing its strategic options.
The Wall Street Journal cited an investor as saying, "The company
indicated they don't plan on making further forays into the news
business or other large acquisitions."
On Aug. 5, the Bethpage, N.Y., cable and entertainment company said its was hiring advisers to seek out financial and strategic means
to boost the value of its shares. Management said it had a "strong
desire to close the value gap between our operating performance and the
market value of our shares." The company's options range from dividend and stock buybacks to a spinoff of some of its businesses including Madison Square Garden. - George White
