A French Company Is About to Become America's 4th Largest Cable Provider

After 42 years, the Dolan family will no longer control Cablevision. The New York-based cable operator announced this morning it has agreed to sell to Altice Group, a European telecom company controlled by French cable entrepreneur Patrick Drahi. Altice will pay $34.90 a share, making the deal worth $17.7 billion including debt. The acquisition also includes Newsday Media Group, publisher of Newsday and amNewYork, but does not include the Madison Square Garden Company, which owns the namesake arena and the New York Knicks and New York Rangers. It's the second U.S. deal for Altice this year. The company announced plans to acquire Suddenlink Communications, which operates in 17 midwestern and southern states, in May. Cablevision, which predominately serves the New York metro area and Long Island, has about 3.1 million subscribers. Altice says that with Suddenlink and Cablevision combined, it will be the fourth largest U.S. cable provider, behind Comcast, Charter and Time Warner Cable (the latter two of which are attempting to merge). "The deal underscores the increasingly global nature of premium video content and distribution, a trend that is also illustrated by the international growth path that Netflix is on," said Eric Schmitt, evp of TV and media at cross-channel marketing firm Allant. This morning's deal caps a frenzied two years of cable consolidation as subscribers continue to drop cable in favor of going over the top—Cablevision lost 16,000 cable homes in the... Continue reading at 'AdWeek'

[ AdWeek | 2015-09-18 00:00:00 UTC ]

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Marie-Claire Blais, celebrated French Canadian novelist, dies at 82

Literary critic Edmund Wilson, an early champion, called her “a writer in a class by herself.” Continue reading at The Washington Post

[ The Washington Post | 2021-12-03 01:22:24 UTC ]
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Amazon loses physical retail VP after 14 years with the company

Cameron Janes, an Amazon veteran who has overseen Prime Video, retail and Kindle ventures left the company earlier this week. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2021-11-24 22:24:32 UTC ]
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Gardners opens sister company in France to mitigate 'frustrations' of Brexit

Wholesaler Gardners is opening a separate sister company in France to mitigate the "frustrations, paperwork, and additional costs" for European customers since the beginning of 2021 due to the changes introduced by Brexit. Continue reading at The Bookseller

[ The Bookseller | 2021-11-24 15:47:37 UTC ]
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Paul Dacre appointed editor-in-chief of Daily Mail parent company

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[ The Guardian | 2021-11-22 15:31:03 UTC ]
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An expanded perspective, and a controversial claim, on America’s revolution

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[ The Washington Post | 2021-11-19 13:00:00 UTC ]
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People Like Her Didn’t Exist in French Novels. Until She Wrote One.

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[ The New York Times | 2021-11-19 10:21:37 UTC ]
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‘America’s Librarian’ knows why people turn to libraries in times of need

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[ The Christian Science Monitor | 2021-11-16 23:20:31 UTC ]
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Galgut and Pinker provide Hay Winter Warmer events

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[ The Bookseller | 2021-11-15 21:17:16 UTC ]
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[ Silicon Valley Business Journal | 2021-11-02 21:52:00 UTC ]
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[ Literrary Hub | 2021-11-02 08:50:51 UTC ]
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Ghost book to be developed as stop-motion series by Jim Henson Company

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[ The Bookseller | 2021-10-25 21:42:12 UTC ]
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The last time America broke apart: How author Kevin Boyle retold the 1960s

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[ Los Angeles Times | 2021-10-25 13:00:08 UTC ]
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[ Literrary Hub | 2021-10-22 15:57:31 UTC ]
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Julia Elliott and DaMaris B. Hill on Writing Rural America

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[ Literrary Hub | 2021-10-21 08:50:35 UTC ]
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IPG Buys U.K Distribution Company United Independent Distributors

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[ Publishers Weekly | 2021-10-20 04:00:00 UTC ]
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[ The Washington Post | 2021-10-19 12:00:00 UTC ]
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Mary Kay Inc. Threatens Legal Action Over Release of Book about Company Founder

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News Corp’s Andrew Bolt says his company’s climate campaign is ‘rubbish’

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[ The Guardian | 2021-10-12 16:30:58 UTC ]
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[ The Bookseller | 2021-10-11 11:50:34 UTC ]
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