Cablevision Makes Case for $1.37 Billion Bresnan Buy

Cablevision Systems Corp., the New York area cable-television provider, agreed to buy Bresnan Communications Co. from Providence Equity Partners Inc. for $1.37 billion to expand in the western U.S.

Cablevision rose 5 percent in New York trading, reversing earlier declines, after making its case for the deal to investors. Executives, on a conference call, pledged to increase Bresnan’s customer base and make it more profitable, and signaled they’re not actively pursuing other cable acquisitions.