Are the Dolans Mulling Another Bid for Cablevision?

Is the Dolan family planning to make yet another run at buying out the company they founded? That was the market chatter on Thursday as Cablevision Systems chief, James Dolan said that the company’s board was “actively exploring alternatives” to “close the value gap between our operating performance and the market value of our stock.” His remarks came as the company posted stronger-than-expected earnings for the second quarter on Thursday, handily beating back competition for customers, especially telephone company competition. Mr. Dolan told analysts in a conference call that Cablevision was exploring ways to close the gap between “what we perceive as a significantly higher value for the company than what the marketplace is saying currently that it is.” While he mentioned buying back stock and paying dividends, industry... [read full story]