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Cablevision Clock Ticking as Paulson Sees Sale: Real M&A

Time may be running out for Cablevision Systems Corp. to find a buyer.

With its highest valuation in two years, the $4.8 billion cable operator founded four decades ago by Charles Dolan should take advantage of a surge in cable matchmaking to sell, according to Macquarie Group Ltd. Bethpage, New York-based Cablevision jumped 42 percent in just eight weeks as speculation heated up about deals in the industry and shareholders Paulson & Co. and Gamco Investors Inc. said a sale is likely.