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Cablevision to Bid $16.5 Bln for Adelphia
SAN FRANCISCO (Reuters) - New York area cable operator Cablevision Systems Corp. (NYSE:CVC - news) plans to make a $16.5 billion all-cash bid for Adelphia Communications Corp. (Other OTC:ADELQ - news), a source familiar with the matter said on Tuesday.
Cablevision had been expected to bid with Kohlberg Kravis Roberts & Co. and Providence Equity Partners, but the source said Cablevision now planned to bid by itself.
Cablevision has more than 3 million customers in the New York area. Its bid would be the primary rival to an $18 billion joint offer from Time Warner Inc. (NYSE:TWX - news) and Comcast Corp. (Nasdaq:CMCSA - news), widely seen as the likely winners of the auction.
The potential offer, which would create a large national operator, comes as Cablevision Chairman Charles Dolan seeks financing to buy the rest of the company's satellite television assets. Controversy over that business, Voom, has plagued the company in recent weeks.
Shares in Cablevision closed off 19 cents at $27.83 on the New York Stock Exchange and were down a further 13 cents in after-hours trade on Inet.
Cablevision to Bid $16.5 Bln for Adelphia
SAN FRANCISCO (Reuters) - New York area cable operator Cablevision Systems Corp. (NYSE:CVC - news) plans to make a $16.5 billion all-cash bid for Adelphia Communications Corp. (Other OTC:ADELQ - news), a source familiar with the matter said on Tuesday.
Cablevision had been expected to bid with Kohlberg Kravis Roberts & Co. and Providence Equity Partners, but the source said Cablevision now planned to bid by itself.
Cablevision has more than 3 million customers in the New York area. Its bid would be the primary rival to an $18 billion joint offer from Time Warner Inc. (NYSE:TWX - news) and Comcast Corp. (Nasdaq:CMCSA - news), widely seen as the likely winners of the auction.
The potential offer, which would create a large national operator, comes as Cablevision Chairman Charles Dolan seeks financing to buy the rest of the company's satellite television assets. Controversy over that business, Voom, has plagued the company in recent weeks.
Shares in Cablevision closed off 19 cents at $27.83 on the New York Stock Exchange and were down a further 13 cents in after-hours trade on Inet.
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S
NY Post 
INVESTORS JEER JIMMY'S LATEST ADELPHIA BID
By TIM ARANGO
April 7, 2005 -- Cablevision continues to keep Wall Street guessing.
Shares in the Long Island cable giant sank yesterday after it emerged the company had put in a surprise $16.5 billion all-cash bid for the bankrupt cable operator Adelphia.
But like most happenings at Cablevision Systems, investors saw ulterior motives behind the bid.
Some investors suggested the company may be trying to force Time Warner — which, in partnership with Comcast, is the leading contender for Adelphia Communications — to abandon Adelphia and instead buy Cablevision's cable systems that serves about 3 million area homes. These subscribers have long been coveted by Time Warner.
Another possible motive, sources said, was Cablevision's ongoing feud with Time Warner over carriage of Cablevision's MSG Network and Fox Sports New York.
That tiff has resulted in Mets games being pulled from local households that subscribe to Time Warner Cable.
Fulcrum analyst Richard Greenfield suggested that Cablevision "is probably trying to extract some form of value for going away."
Shares fell 98 cents, or 3.5 percent, to close at $26.85, as investors took the news as a sign the company may not be put up for sale.
Cablevision declined to comment.
Sources said the company, which had previously considered joining private equity groups Providence Equity Partners and Kohlberg Kravis Roberts, may still pull its solo bid and join the consortium.
Cablevision has been engulfed in drama for months as a boardroom battle over the future of the company's satellite business played out.
The rift pitted CEO Jimmy Dolan against his father Chuck, the controlling shareholder whose pet project was the satellite unit, known as Voom.
The board voted to shut down the money-losing division, and agreed to sell its satellite to EchoStar Communications for $200 million.
But Chuck Dolan didn't go quietly, having formed a private company to buy Voom's remaining assets.
A March 31 deadline for Dolan to reach a deal for Voom's assets passed without an announcement.
A source said talks are still ongoing.
Meanwhile, last week Chuck Dolan took the unusual step of filing documents with the FCC asking regulators to block the EchoStar deal.
INVESTORS JEER JIMMY'S LATEST ADELPHIA BID
By TIM ARANGO
April 7, 2005 -- Cablevision continues to keep Wall Street guessing.
Shares in the Long Island cable giant sank yesterday after it emerged the company had put in a surprise $16.5 billion all-cash bid for the bankrupt cable operator Adelphia.
But like most happenings at Cablevision Systems, investors saw ulterior motives behind the bid.
Some investors suggested the company may be trying to force Time Warner — which, in partnership with Comcast, is the leading contender for Adelphia Communications — to abandon Adelphia and instead buy Cablevision's cable systems that serves about 3 million area homes. These subscribers have long been coveted by Time Warner.
Another possible motive, sources said, was Cablevision's ongoing feud with Time Warner over carriage of Cablevision's MSG Network and Fox Sports New York.
That tiff has resulted in Mets games being pulled from local households that subscribe to Time Warner Cable.
Fulcrum analyst Richard Greenfield suggested that Cablevision "is probably trying to extract some form of value for going away."
Shares fell 98 cents, or 3.5 percent, to close at $26.85, as investors took the news as a sign the company may not be put up for sale.
Cablevision declined to comment.
Sources said the company, which had previously considered joining private equity groups Providence Equity Partners and Kohlberg Kravis Roberts, may still pull its solo bid and join the consortium.
Cablevision has been engulfed in drama for months as a boardroom battle over the future of the company's satellite business played out.
The rift pitted CEO Jimmy Dolan against his father Chuck, the controlling shareholder whose pet project was the satellite unit, known as Voom.
The board voted to shut down the money-losing division, and agreed to sell its satellite to EchoStar Communications for $200 million.
But Chuck Dolan didn't go quietly, having formed a private company to buy Voom's remaining assets.
A March 31 deadline for Dolan to reach a deal for Voom's assets passed without an announcement.
A source said talks are still ongoing.
Meanwhile, last week Chuck Dolan took the unusual step of filing documents with the FCC asking regulators to block the EchoStar deal.
Supporting Founder
Really excited for this season with Kentucky having a new coach and some really exciting recruits. Probably won't last long, but here's hoping this season is great.
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TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/watch?v=87N42NxLPC0
Direct YouTube Link - 8 U.S. States Sue OpenAI Over Safety Concerns With Younger Users
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/watch?v=87N42NxLPC0
Direct YouTube Link - 8 U.S. States Sue OpenAI Over Safety Concerns With Younger Users
TWIT's Website
TWIT Live Feed
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Pub Member / Supporter
On Tuesday, I recorded the first episodes of the new season's NCIS shows on CBS (Dish provided, not OTA). The new New York series and Origins will both do Auto Skip, but the original, now season 24 does not. What's stranger, when I do a search for NCIS, Origins and New York show the current recording and the next episode it will record, but the original show only shows the current recording and some other channel showing the very first episode of season one. It makes no sense. When I set up the timers, I was able to use search for Origins and New York, but for the original, I had to scroll ahead in the guide until last Tuesday when the show was airing. Then set the timer from there. You can see its timer type is DVR where the other two are Seek. What am I missing?
Thanks!
Thanks!
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Pub Member / Supporter
Cutting Edge
I created this thread on the original Edgecutter Cutting Edge Forums site. It's simply a place for those to review the latest software available for those using Windows 10 and Windows 11. To date it has received 112,559 views. I have been asked by staff to continue this thread here.
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To each there own but I've found that Windows can't do much more than Linux can. Can't have everything.
For niche use cases, yes I agree. Kali for ethical hacking and security testing, and running a Cacti server for network monitoring are the two things I have experience in. Plus thousands and thousands of other things, but for every day use I just can't see it. The owner of the GMRS repeater that I pay to access is changing the Tx DPL tones tomorrow, while Chirp is available on Linux, the software to program my MXT500 is not.To each there own but I've found that Windows can't do much more than Linux can. Can't have everything.
I run Fedora and Ubuntu in VMWare, honestly I don't care much for the UI of either of them and I don't feel like spending days/weeks to customize the UI to make it look Windows-like when I could just use Windows. The cartoonish dock at the bottom of the screen reminds me of Apple products.
As I said above, and, FWIW, I run Win11 Pro and Arch on separate 250 GB NVME drives, using F8 to select which I boot to, with a 1TB SSD for storage, accessible to both OSs and a third formatted Nvme I want to use to learn Kali. It was much faster to setup Arch than it was to strip down Windows. Windows still takes much longer to boot.
Staff member
HERE TO HELP YOU!
Hard getting used to the new younger Gibbs, Mark Harmons son had the right look but I understand he didn't want the role.
Still I'm enjoying, pretty good job with Franks.
Still I'm enjoying, pretty good job with Franks.
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Pub Member / Supporter
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Staff member
HERE TO HELP YOU!
Cutting Edge
Sometimes a thread gets so many posts in it that is can cause issues for the server so that why today we introduce The Song Name Game Part 3!
So let the game continue!
The last song was added by Bobby who posted...
One Meat Ball - Andrews Sisters
CONTINUE ON AND HAVE FUN! WELCOME HOME TO SATELLITEGUYS.US!
Here are the original rules for the game as posted by WebbyDude back in 2006. http://www.satelliteguys.us/threads/68645-Song-Name-Game
Just name a song title and the band who performed it. The next person does the same thing, but needs to list a song title or band name which includes a word from the previous entry. Pick songs from any genre.
Example:
Long Live Rock and Roll -- Rainbow
Rainbow in the Dark -- Dio
Another example:
Ride the Lightning -- Metallica
Lightning Strikes -- Ozzy Osbourne
Get it?
An additional note: we all know that song titles, sometimes, use profane words. Because this is a family friendly website it is advised that you clean up that title up a bit. This is accomplished by using something like sh!t instead of the real word. Thanks....
So let the game continue!
The last song was added by Bobby who posted...
One Meat Ball - Andrews Sisters
CONTINUE ON AND HAVE FUN! WELCOME HOME TO SATELLITEGUYS.US!
Here are the original rules for the game as posted by WebbyDude back in 2006. http://www.satelliteguys.us/threads/68645-Song-Name-Game
Just name a song title and the band who performed it. The next person does the same thing, but needs to list a song title or band name which includes a word from the previous entry. Pick songs from any genre.
Example:
Long Live Rock and Roll -- Rainbow
Rainbow in the Dark -- Dio
Another example:
Ride the Lightning -- Metallica
Lightning Strikes -- Ozzy Osbourne
Get it?
An additional note: we all know that song titles, sometimes, use profane words. Because this is a family friendly website it is advised that you clean up that title up a bit. This is accomplished by using something like sh!t instead of the real word. Thanks....
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Pub Member / Supporter
Lifetime Supporter
Wasn't exactly sure where to post this. Just had a customer come in inquiring about internet. He has HughesNet and had heard good things about mine. He asked if we provided email addresses and it kinda caught me off guard. I said he should be able to keep whatever email he had been using....my sister in law is still using a BellSouth email addy and they haven't been around here for many years. He said he had gotten a letter from HughesNet stating that they had until Nov 16th to save, move, forward, whatever, their Hughesnet emails because they would lose them after that date.
I have never heard of a company simply mass-deleting email accounts (the customer still has his HughesNet service). From what I understand, in the past, the company who was ditching their email service simply sold the customer base to a company like Google.
Anyone else getting this letter. He said he would show it to me tomorrow when I go out there and set up his internet.
I have never heard of a company simply mass-deleting email accounts (the customer still has his HughesNet service). From what I understand, in the past, the company who was ditching their email service simply sold the customer base to a company like Google.
Anyone else getting this letter. He said he would show it to me tomorrow when I go out there and set up his internet.
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Still the same number of years, just more Sunsets…Wouldn't we then die of old age sooner?
Lifetime Supporter
Starting a thread klang !
After an amazing first 2 seasons and an 8 episode 3rd season still coming this year, season 4 has now been greenlit.
After an amazing first 2 seasons and an 8 episode 3rd season still coming this year, season 4 has now been greenlit.
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One episode into season 4 that dropped today...
Supporting Founder
Lifetime Supporter
This thread is a place to discuss the 4K events that appear on channel 540. We are getting, at this point, one college football game a week. Let's hope there is more coming.
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Hmmm, I'm not seeing anything like those events in our Hopper 3 guide for tonight or Saturday.
I went into the Tools menu and requested a Guide Update. I'll try looking at it after the update completes.
edit — I now have the 148-01 4KFox events for Saturday, but not anything for 148-02 or 148-03 which don't even show as available channels. I do have 148-04 4KUSA.
As I recall you have the Flex package. Do you sub to multisport? -02 is FS1 and -03 is ESPN. -01 is Fox so you would get that if you sub to locals.Hmmm, I'm not seeing anything like those events in our Hopper 3 guide for tonight or Saturday.
I went into the Tools menu and requested a Guide Update. I'll try looking at it after the update completes.
edit — I now have the 148-01 4KFox events for Saturday, but not anything for 148-02 or 148-03 which don't even show as available channels. I do have 148-04 4KUSA.