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 Send to email | Cablevision Selling Rainbow Cable Network Group, Again? in CVC |  By Silicon
el 01-Aug-2008 |
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 Cablevision, the much-maligned Dolan family cable operation, shot up 14.3% yesterday. In part that's because Cablevision (CVC) had a lights-out Q2, and in part because Jim Dolan promised to do something about the company's listless shares. During yesterday's earnings call, he said the company was going to "actively explore alternatives" to "close the value gap between our operating performance and the market value of ... our stock."
What does that mean? The Dolans have tried to take CVC private themselves, but shareholders rejected the deal last fall, and that window is going to remain shut as long as the credit markets are gasping. Another obvious solution: Selling off the company's Rainbow group - a collection of cable channels that includes AMC, We.TV, Sundance, IFC and other odds and ends.
The Dolans have tried selling Rainbow many times in the past, and most recently had hired Bear Stearns (R.I.P.) to shop the company last winter. But Pali Research's Rich Greenfield (reg. required) says he's been told that a new book is now circulating, though he hasn't seen it himself.
During the credit boom, the Dolans were looking to get at least $3 billion for the unit, but Rich doesn't know what they're asking for it now -- bear in mind that Landmark asked $5 billion for The Weather Channel last fall and settled for $3.5 billion this spring. Rainbow is on a roll now, though, fueled in part by hits like AMC's "Mad Men": The unit saw revenue grow 14.6%, to $240 million in the last quarter, while operating income grew 124%, to $30 million.
See Also: Cable On A Roll: Cablevision Posts Blowout Q2
Jimmy Dolan's Lonesome Blues
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| First Look At Captain Rainbow [Captain Rainbow] | | This is Captain Rainbow, for the Wii. Know that aside from the name and platform that we don't have a clue what's going on. Know also, however, that this looks awesome, and also that this is from Skip, the guys who did Chibi Robo, so whatever is going on, will probably be bound to both entertain and under-sell!
[..] Read complete article | | Published 09-Jul-2008 by Luke Plunkett in Captain Rainbow Media Nintendo Wii
Read 4 times. More hits in ![More articles First Look At Captain Rainbow [Captain Rainbow]](./images/arti.gif) ![Images about First Look At Captain Rainbow [Captain Rainbow]](./images/photo.gif) |
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| Forbes Launches Ad Network, Again | | It's not just yet another ad network - it's another story about yet another ad network. Specifically, Forbes' blog network gets more ink today, but nothing too different than what we saw (and wrote) last year said: Forbes is selling ads for blogs in a network powered by Adify.
The news, from what we can tell, is that Forbes has signed up more than 400 bloggers and small pubs to the netwo [..] Read complete article | | Published 24-Mar-2008 by Silicon in General
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So much for Cablevision (CVC) selling its Rainbow Media unit; the Dolans just paid NBC U, CBS and Robert Redford $496 million to add to it. Cablevision acquired Redford's Sundance Channel and [..] 
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