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Cablevision lowers earnings projections, may sell assets

Published on .

New York-Cable TV operator Cablevision Systems Corp. cut its earnings projections for the year as a result of lost advertising following the Sept. 11 terrorist attacks. Cablevision said its pro forma cash flow growth for the rest of the year would be between 6% and 8%, compared with an earlier projection of 7% to 9%. The company also said it is considering a number of options for financing in 2002, including the sale of assets , borrowing, cutting spending or issuing debt or stock.
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