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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.

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.