Thursday, May 3, 2007

Cablevision to go Private

Seems my crystal ball was working on Tuesday when I speculated that Cablevision would use the sale of the Rainbow Sport nets to try and go private again. Will the minority shareholders approve? Despite the lingering question, how much is Cablevision really worth, I think that this time, the sale will go through. Then wait a year and watch for the Rainbow Networks to be sold next.