Dolan Says Family Will Not Raise Their Offer


Cablevision Systems CEO James Dolan had an answer for shareholders hoping that he and his family would raise
their .26 per share offer


to take the company private: Stop Dreaming.

In the past few weeks, several shareholders have expressed their displeasure with the offer as being too low. And late last Friday, Gamco Investors chairman
Mario Gabelli


, whose funds control about 8.5% of Cablevision common stock, said in an SEC filing that he would vote against the deal.


Reported at Cable Rant