Short Take: Cablevision sells division, announces losses
Cablevision announced it is selling its cable television system operations to FrontierVision Partners for $78 million in cash. Cablevision also announced revenue for the quarter ended March 31 increased 18 percent over the same quarter a year earlier. Net loss widened to $111.9 million, or $4.51 per share, from a loss of $4.06 per share.
announced it is
selling its cable television system operations to FrontierVision Partners
for $78 million in cash. Cablevision also announced revenue for the quarter
ended March 31 increased 18 percent over the same quarter a year earlier.
Net loss widened to $111.9 million, or $4.51 per share, from a loss
of $4.06 per share.