Cablevision Systems Corporation Appoints Paul J. Dolan to its Board
May 22 15
Cablevision Systems Corporation in its AGM held on May 21, 2015, appointed Paul J. Dolan to its board.
ESPN, Cablevision Strike Data Partnership
May 14 15
ESPN entered into a multiyear audience data and analytics agreement with Cablevision Systems Corp. The companies will use their first-party, census-level audience tuning data to analyze consumers' viewing habits and preferences. The agreement also applies more broadly to Walt Disney Co., which will have the ability to utilize the data to inform ad sales for other networks in the Disney Media Networks Group.
Cablevision May Drop Bid for NY Daily News
May 12 15
Cablevision Systems Corporation (NYSE:CVC) is planning to pull out of the auction process for New York Daily News Company after spending hundreds of hours analyzing a potential deal, according to a person familiar with the matter. Cablevision had bid just $1 for the tabloid newspaper in March, Reuters reported at the time. It is now planning to bow out ahead of a second-round bid deadline next week, the source said on Tuesday, asking not to be named because the process is confidential. Cablevision declined to comment while a representative for the New York Daily News could not immediately be reached for a comment.
Cablevision Systems Corporation Declares Quarterly Dividend, Payable on June 12, 2015
May 5 15
On May 1, 2015, the Board of Directors of Cablevision Systems Corporation declared a quarterly dividend of $0.15 per share on each outstanding share of Cablevision NY Group Class A Common Stock and Cablevision NY Group Class B Common Stock. This quarterly dividend is payable on June 12, 2015 to shareholders of record at the close of business on May 22, 2015.
Cablevision Systems Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 4 15
Cablevision Systems Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues, net was $1,614,771,000 against $1,575,586,000 a year ago. Operating income was $223,751,000 against $207,083,000 a year ago. Income from continuing operations before income taxes was $92,841,000 against $63,195,000 a year ago. Income from continuing operations was $54,901,000 against $90,134,000 a year ago. Net income attributable to the company was $44,633,000 against $89,763,000 a year ago. Diluted earnings per share from continuing operations were $0.20 against $0.34 a year ago. Diluted net income per share was $0.16 against $0.33 a year ago. Adjusted operating cash flow was $454,030,000 against $434,289,000 a year ago. Net cash provided by operating activities was $215,334,000 against $283,682,000 a year ago. Capital expenditures were $166,631,000 against $186,075,000 a year ago. Consolidated free cash flow from continuing operations was $48,978,000 against $98,095,000 a year ago. Adjusted operating income was $223,751,000 against $207,083,000 a year ago. Net debt was $7,801,916,000.