Cablevision: It’s a Done Deal
Steve’s breakdown: Alice is the buyer and we anticipate an agency review of some kind within a few months. (Though I do like the Three Brothers Moving campaign)
Dexter Goei is the President of Alice USA.
BETHPAGE, NY: The Dolans had a celebration lunch at Michael’s restaurant last Monday to mark their exit from the difficult business of running a cable operator.
The family closed on its $17.7 billion deal to sell Cablevision to European media company Altice.
At the center of the fête was Cablevison’s 89-year-old founder and Chairman Charles Dolan. Fifty years earlier, he pioneered cable TV by launching the first urban cable system here and also founding HBO.
Among those at the retirement lunch were Dolan’s retired financial wizard Bill Bell; longtime government affairs executive Sheila Mahony; AMC Networks Chief Executive Josh Sapan; MSG and AMC Vice Chairman Gregg Seibert; MSG Chief Communications Officer Barry Watkins; and Cablevision’s communications chief for the past quarter-century, Charlie Schueler.
Dolan bade farewell to Cablevison, wishing his colleagues a good summer. In the meantime, Dolan will keep himself busy as executive chairman of AMC Networks and as controlling owner of MSG.