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Dolans' Cablevision Bid Rejected

What You Should Have Read, Oct. 25, 2007

Published on .

Dolans' Bid to Take Cablevision Private Is Rejected by Shareholders
The New York Times reports that shareholders blocked the Dolan family's $10.6 billion bid for Cablevision Systems yesterday, the largest rejection of a buyout ever. The outcome leaves Cablevision, which also owns Madison Square Garden, Radio City Music Hall, the New York Knicks and the New York Rangers, as an independent company. And it ends, for now, two years of work by the Dolans, the colorful dynasty that controls the cable empire, to take it private.
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