...As posted in a AP/Yahoo news reported:
Leonard Tow, a cable industry veteran, became a Cablevision director in early March. He was brought in as part of a boardroom shuffle executed by Cablevision's founder and chairman Charles Dolan, who is feuding with his son James, Cablevision's CEO, over what to do with a struggling satellite broadcasting business the company owns.
Less than a month after Tow joined Cablevision's board, The New York Times reported that Cablevision was considering joining other investors in bidding for Adelphia, a Colorado-based cable company now being reorganized in bankruptcy court. This week, other news outlets reported that Cablevision had made an all-cash bid of $16.5 billion for Adelphia on its own.
Maybe THAT is why Charles was in Colorado, not the rumored visit to Charles Ergen of Echostar. Or could be wrong....
Leonard Tow, a cable industry veteran, became a Cablevision director in early March. He was brought in as part of a boardroom shuffle executed by Cablevision's founder and chairman Charles Dolan, who is feuding with his son James, Cablevision's CEO, over what to do with a struggling satellite broadcasting business the company owns.
Less than a month after Tow joined Cablevision's board, The New York Times reported that Cablevision was considering joining other investors in bidding for Adelphia, a Colorado-based cable company now being reorganized in bankruptcy court. This week, other news outlets reported that Cablevision had made an all-cash bid of $16.5 billion for Adelphia on its own.
Maybe THAT is why Charles was in Colorado, not the rumored visit to Charles Ergen of Echostar. Or could be wrong....
