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 After CEO Jim Dolan's recent announcement that Cablevision Systems Corp. will consider share buybacks, dividend payments and asset spinoffs, Pali Capital Inc. analyst Richard Greenfield reports that management of the cable and entertainment house will meet with shareholders.
Greenfield wrote in a Thursday blog post for Pali Research subscribers that the move marks a change in policy, since 2005 when the Dolan family made multiple attempts to take the Bethpage, N.Y., cable company private. "Cablevision has continually declined to meet with investors and analysts since the Dolan family began its go-private attempts a couple of years ago," the analyst wrote. He also suggested that the Dolans should meet with "a broader audience (including ourselves, as we have asked for a meeting)," given the lack of communications and the breadth of changes Cablevision is considering. A Cablevision spokesman could not by immediately reached on Thursday. - Chris Nolter See story about Cablevision's strategic review from The Daily Deal Categories Deal Video
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