Cablevision Sells Satellite Business
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Moving to unload an unprofitable venture, Cablevision Systems Corp. on Thursday sold its satellite broadcasting business to rival EchoStar Communications Corp. for &#36;200 million cash.
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News Corp., the media company controlled by Rupert Murdoch, agreed to sell eight of its Fox network-affiliated television stations in the United States to Oak Hill Capital Partners for about $1.1 billion in cash.
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Cablevision Systems Corp. is  suspending its spinoff of Rainbow Media Enterprises and plans  to pursue strategic alternatives for the division's Voom  satellite television service instead, the company said on  Tuesday.
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A joint venture of rival satellite  television providers DirecTV Group Inc.  and EchoStar  Communications Corp.  bowed out on Wednesday of a  billion-dollar auction of U.S. licenses for advanced wireless  services.
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Cablevision Systems Corp. scrapped plans to spin off its 14-month-old satellite television business. The company&#39;s shares rose as much as 12 percent as investors anticipated Cablevision
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The Cablevision Systems Corporation, the countryâs third-largest cable operator, reported a loss of $23.9 million last quarter.
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DVR maker signs up another cable operator to distribute its digital video recording products.
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Australian-based media giant News Corp. is to buy out the last remaining minority shareholder of Sky Italia and assume full control of the satellite broadcaster.
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Cablevision Systems, the largest cable television provider in the New York area, suspended plans to spin off its media group, Rainbow Media Enterprises, according to a filing with the Securities and Exchange Commission yesterday.
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NEW YORK  - DirecTV Group  the largest U.S.satellite television service, will buy its controllingshareholder News Corp Ltd.'s  stakes in Sky LatinAmerica for $579 million and combine its operations withDirecTV Latin America, the companies said on Monday.
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Cablevision Systems Corp. yesterday said it will suspend plans to spin off its troubled nationwide satellite television service, increasing the chances the venture will be sold.
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Cablevision Systems Corp. said on  Thursday it will have the capability to carry more than 500  channels of high definition television programming by year-end  as competition mounts from satellite TV and telephone  operators.
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Cablevision Systems Corp.  on Tuesday posted a larger-than-expected fourth quarter loss due to discontinued operations, although subscriber numbers rose across its television, phone and high-speed Internet services.
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Cablevision Systems Corp. said its Rainbow DBS unit is to buy five satellites from Lockheed Martin Corp. for about $740 million as it expands its satellite television operations.
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Cablevision Systems Corp. (CVC.N: Quote, Profile, Research) on Tuesday said the spin-off of its Rainbow DBS satellite holdings would be completed in the fourth quarter, rather than the third quarter as it had earlier said.
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A joint venture of rival satellite  television providers DirecTV Group Inc. and EchoStar  Communications Corp. bowed out on Wednesday of a billion-dollar  auction of U.S. licenses for advanced wireless services.
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DirecTV Group DTV.N the largest U.S.  satellite television service, will buy its controlling  shareholder News Corp Ltd.'s NCP.AX stakes in Sky Latin  America for $579 million and combine its operations with  DirecTV Latin America, the companies said on Monday.