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Cablevision Announces Structure for New Company As It Prepares for Spin Off
Thursday April 29, 5:08 pm ET
New Company, to be Named Rainbow Media Enterprises, Inc., Will Have Three Divisions: Rainbow DBS, Rainbow Programming and Rainbow Movies (Clearview Cinemas)
BETHPAGE, N.Y.--(BUSINESS WIRE)--April 29, 2004-- Cablevision Systems Corporation (NYSE:CVC - News) today announced a new structure for the company it plans to spin off later this year comprising Cablevision's satellite, national programming and movie theater businesses. The new company will operate under the name Rainbow Media Enterprises, Inc.
Rainbow Media Enterprises, Inc. will have three divisions, and will operate as a financially distinct company within Cablevision until the spin off is complete. The divisions are:
Rainbow DBS, which includes the VOOM satellite television service;
Rainbow Programming, which includes the national entertainment services AMC, WE: Women's Entertainment and IFC (The Independent Film Channel) as well as IFC Entertainment and IFC Productions; the 21 VOOM high definition channels; and Mag Rack, sportskool, World Picks and other video-on-demand services; and
The newly added Rainbow Movies, (the corporate name for the theater group that will continue to do business as Clearview Cinemas).
The company plans to file a Form 10 shortly with the Securities and Exchange Commission. The company anticipates completing the spin off after the SEC declares the Form 10 effective and once it has refinanced the existing Rainbow credit facilities. The company has received a favorable ruling from the IRS regarding the tax free status of the spin off.
Businesses remaining with Cablevision following the spin off will include its cable and telecommunications businesses; Lightpath; Madison Square Garden and its teams; Radio City Music Hall; and certain other businesses including: fuse, News 12, Metro Channels and Rainbow's interests in regional sports networks around the country. (A full list of the division of businesses is attached).
Cablevision Chairman Charles F. Dolan is expected to serve as chairman of Rainbow Media Enterprises, following the spin off. Thomas C. Dolan, who currently serves as a board member, executive vice president and chief information officer (CIO) of Cablevision, will serve as Rainbow Media Enterprises' chief executive officer. William J. Bell, who will continue to serve as vice chairman of Cablevision through the end of the year, will also serve, prior to the spin off, as Rainbow Media Enterprises' chief financial officer, while Rainbow Media Enterprises conducts a search for a permanent CFO. Josh Sapan will continue to lead Rainbow's national programming efforts as president and CEO of Rainbow Programming. Mickey Alpert will continue as COO of Rainbow DBS, and Morten Gotterup will continue as senior vice president and general manager of Clearview Cinemas.
Charles Dolan, along with Tom Dolan and Josh Sapan, are also expected to become members of the Rainbow Media Enterprises board of directors after the spin off.
Charles Dolan said: "We have made significant progress in the implementation of our plan to create two distinct companies for Cablevision shareholders, each with separate funding and management, defined business strategies and clear investment characteristics. We are taking another step forward today as this reorganization begins to put in place the structure essential for the continued growth and development of the Rainbow Media Enterprises businesses.
"We also have assembled an outstanding management team to continue building these businesses. Tom, as director and senior executive, has played a key role in Cablevision's success for many years. His proven track record as a manager and executive, together with his strong technical expertise, make him well suited to lead this new business. We are also fortunate that Josh Sapan, one of the industry's leading programmers, will continue to operate Rainbow Programming, and we are gratified as well that Josh has agreed to join the board of directors of Rainbow Media Enterprises. And, leading up to the spin off, Rainbow Media Enterprises will benefit as well from Bill Bell's leadership and substantial experience with the financial community."
Thomas Dolan, 51, has been a director of Cablevision since 1998 and has served as executive vice president of Cablevision since October 2001 and as chief information officer since 1994. In the latter capacity, he oversaw Cablevision's corporate information systems function, which is responsible for maintaining more than 150 existing systems and applications as well as meeting all new systems and applications needs throughout the company. Prior to the post of CIO, Thomas Dolan served as general manager at Cablevision's East End Long Island cable television system. Before joining Cablevision, he spent seven years as a large systems customer engineer with IBM.
Cablevision Systems Corporation is one of the nation's leading entertainment, media and telecommunications companies. In addition to its broadband, cable, satellite, Internet and telephone offerings, the company owns and operates Rainbow Media Holdings LLC and its networks; Madison Square Garden and its teams; and Clearview Cinemas. In addition, Cablevision operates New York's famed Radio City Music Hall. Additional information about Cablevision Systems Corporation is available on the Web at www.cablevision.com.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the company and its business, operations, financial condition and the industry in which it operates and the factors described in the company's filings with the Securities and Exchange Commission, including the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein. The company disclaims any obligation to update the forward-looking statements contained herein.
Thursday April 29, 5:08 pm ET
New Company, to be Named Rainbow Media Enterprises, Inc., Will Have Three Divisions: Rainbow DBS, Rainbow Programming and Rainbow Movies (Clearview Cinemas)
BETHPAGE, N.Y.--(BUSINESS WIRE)--April 29, 2004-- Cablevision Systems Corporation (NYSE:CVC - News) today announced a new structure for the company it plans to spin off later this year comprising Cablevision's satellite, national programming and movie theater businesses. The new company will operate under the name Rainbow Media Enterprises, Inc.
Rainbow Media Enterprises, Inc. will have three divisions, and will operate as a financially distinct company within Cablevision until the spin off is complete. The divisions are:
Rainbow DBS, which includes the VOOM satellite television service;
Rainbow Programming, which includes the national entertainment services AMC, WE: Women's Entertainment and IFC (The Independent Film Channel) as well as IFC Entertainment and IFC Productions; the 21 VOOM high definition channels; and Mag Rack, sportskool, World Picks and other video-on-demand services; and
The newly added Rainbow Movies, (the corporate name for the theater group that will continue to do business as Clearview Cinemas).
The company plans to file a Form 10 shortly with the Securities and Exchange Commission. The company anticipates completing the spin off after the SEC declares the Form 10 effective and once it has refinanced the existing Rainbow credit facilities. The company has received a favorable ruling from the IRS regarding the tax free status of the spin off.
Businesses remaining with Cablevision following the spin off will include its cable and telecommunications businesses; Lightpath; Madison Square Garden and its teams; Radio City Music Hall; and certain other businesses including: fuse, News 12, Metro Channels and Rainbow's interests in regional sports networks around the country. (A full list of the division of businesses is attached).
Cablevision Chairman Charles F. Dolan is expected to serve as chairman of Rainbow Media Enterprises, following the spin off. Thomas C. Dolan, who currently serves as a board member, executive vice president and chief information officer (CIO) of Cablevision, will serve as Rainbow Media Enterprises' chief executive officer. William J. Bell, who will continue to serve as vice chairman of Cablevision through the end of the year, will also serve, prior to the spin off, as Rainbow Media Enterprises' chief financial officer, while Rainbow Media Enterprises conducts a search for a permanent CFO. Josh Sapan will continue to lead Rainbow's national programming efforts as president and CEO of Rainbow Programming. Mickey Alpert will continue as COO of Rainbow DBS, and Morten Gotterup will continue as senior vice president and general manager of Clearview Cinemas.
Charles Dolan, along with Tom Dolan and Josh Sapan, are also expected to become members of the Rainbow Media Enterprises board of directors after the spin off.
Charles Dolan said: "We have made significant progress in the implementation of our plan to create two distinct companies for Cablevision shareholders, each with separate funding and management, defined business strategies and clear investment characteristics. We are taking another step forward today as this reorganization begins to put in place the structure essential for the continued growth and development of the Rainbow Media Enterprises businesses.
"We also have assembled an outstanding management team to continue building these businesses. Tom, as director and senior executive, has played a key role in Cablevision's success for many years. His proven track record as a manager and executive, together with his strong technical expertise, make him well suited to lead this new business. We are also fortunate that Josh Sapan, one of the industry's leading programmers, will continue to operate Rainbow Programming, and we are gratified as well that Josh has agreed to join the board of directors of Rainbow Media Enterprises. And, leading up to the spin off, Rainbow Media Enterprises will benefit as well from Bill Bell's leadership and substantial experience with the financial community."
Thomas Dolan, 51, has been a director of Cablevision since 1998 and has served as executive vice president of Cablevision since October 2001 and as chief information officer since 1994. In the latter capacity, he oversaw Cablevision's corporate information systems function, which is responsible for maintaining more than 150 existing systems and applications as well as meeting all new systems and applications needs throughout the company. Prior to the post of CIO, Thomas Dolan served as general manager at Cablevision's East End Long Island cable television system. Before joining Cablevision, he spent seven years as a large systems customer engineer with IBM.
Cablevision Systems Corporation is one of the nation's leading entertainment, media and telecommunications companies. In addition to its broadband, cable, satellite, Internet and telephone offerings, the company owns and operates Rainbow Media Holdings LLC and its networks; Madison Square Garden and its teams; and Clearview Cinemas. In addition, Cablevision operates New York's famed Radio City Music Hall. Additional information about Cablevision Systems Corporation is available on the Web at www.cablevision.com.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the company and its business, operations, financial condition and the industry in which it operates and the factors described in the company's filings with the Securities and Exchange Commission, including the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein. The company disclaims any obligation to update the forward-looking statements contained herein.
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4404 views
Season 2 order already in hand:
'Star Trek: Starfleet Academy' Renewed for Season 2, Tatiana Maslany to Guest Star in Season 1
I've not been optimistic about this show based on what I've read so far. Seems to be aimed at a younger audience. Interesting though that Tatiana Maslany will have some sort of role.
'Star Trek: Starfleet Academy' Renewed for Season 2, Tatiana Maslany to Guest Star in Season 1
I've not been optimistic about this show based on what I've read so far. Seems to be aimed at a younger audience. Interesting though that Tatiana Maslany will have some sort of role.
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I don't know, but I still don't like her walking through the station or the academy with out her shoes. It looks unprofessional and very "hippy like" for someone of her status and I personally don't get off to feet, so there is that.
Stay out of my office. I rarely have shoes or socks on in the office. My office and business is at home thoughI don't know, but I still don't like her walking through the station or the academy with out her shoes. It looks unprofessional and very "hippy like" for someone of her status and I personally don't get off to feet, so there is that.
Say, I don't wear socks or shoes in my house either. But for a captain in Star Fleet it looks bad to be walking around the academy with no shoes. Gives off 1960 Hippie vibes.Stay out of my office. I rarely have shoes or socks on in the office. My office and business is at home though
You say that like it's a Bad thing or something ...
IS Amiko MIRA 3 any good ???
Can you recommend the best to cover all bases. NO BEEPS on certain channels 101w (NEWSMAX ,NEWS NATION), a clock that keeps working STEADY for timed recording ,solid unit with good lifespan. My Amiko died AND my Linkbox has NO Favorites Button and BEEPS on many channels. Picking up 105 west with a NEW SHED IN THE Way with 6 foot Cband ..95 percent quality ...unbelievable.
Can you recommend the best to cover all bases. NO BEEPS on certain channels 101w (NEWSMAX ,NEWS NATION), a clock that keeps working STEADY for timed recording ,solid unit with good lifespan. My Amiko died AND my Linkbox has NO Favorites Button and BEEPS on many channels. Picking up 105 west with a NEW SHED IN THE Way with 6 foot Cband ..95 percent quality ...unbelievable.
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98 views
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2 views
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I'm surprised Walmart hasn't banned this guy from all of their stores. He has been on their CASE the past few months.
View: https://www.youtube.com/shorts/f3zr37ekgKM?feature=share
View: https://www.youtube.com/shorts/f3zr37ekgKM?feature=share
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752 views
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Love this guy's channel. Looks like Walmart has thrown in the towel when it comes to conventional car batteries.
I bought a new AGM battery from Walmart about a year ago, it is already needing replacing. I thought about just buying a regular battery but from what I've read, that might not be a smart move. Might check my Forscan program and see if I can change the battery type from AGM.
View: https://www.youtube.com/watch?v=awe7kY5nvdU
I bought a new AGM battery from Walmart about a year ago, it is already needing replacing. I thought about just buying a regular battery but from what I've read, that might not be a smart move. Might check my Forscan program and see if I can change the battery type from AGM.
View: https://www.youtube.com/watch?v=awe7kY5nvdU
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12 views
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....
68597 Replies
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Can't help but wonder if a worker overlooked checking the harness. I rarely ride a roller coaster anymore but when I do I check the harness myself pretty aggressively.
Can't imagine what the son is going through.
www.dailymail.com
Can't imagine what the son is going through.
Dad levitated and bled then fell to his death from coaster
Eyewitnesses have shared fresh details of the horrific accident that happened at Six Flags Over Georgia on Monday afternoon.
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386 views
Could B&M’s Patent on the “Clamshell” Ride Restraint Design Offer Clues as to What Happened on Goliath at Six Flags Over Georgia?
Incredibly sad news out of Six Flags Over Georgia as it’s being reported one man was killed after being ejected from Goliath, the B&M hyper coaster. Many news outlets have posted pictures of pe…
bgtsafari.com
Had no idea there were that many redundancies built into those restraints.Could B&M’s Patent on the “Clamshell” Ride Restraint Design Offer Clues as to What Happened on Goliath at Six Flags Over Georgia?
Incredibly sad news out of Six Flags Over Georgia as it’s being reported one man was killed after being ejected from Goliath, the B&M hyper coaster. Many news outlets have posted pictures of pe…
It makes sense, however, I would want more types of restraints, so if one doesn't work, the other does ... the restraints coming over the shoulder I would have expected ... with a Seat belt as last resort.
Fwiw, I inquired with what they use on Coasters at Cedar Point, various Coasters, different restraints according to what the car and track requires ...
NONE of the Coasters at CP use THAT particular system
I'm glad to see ...
UPDATE: Six Flags is adding seatbelts to all 9 rollercoasters
www.dailymail.com
Six Flags adds important safety feature after teacher died
Hassan Kariem, 42, was killed at the theme park in Austell earlier this month, after he was thrown from his seat on the Goliath rollercoaster. Four others were injured.
Finally ....UPDATE: Six Flags is adding seatbelts to all 9 rollercoasters
Six Flags adds important safety feature after teacher died
Hassan Kariem, 42, was killed at the theme park in Austell earlier this month, after he was thrown from his seat on the Goliath rollercoaster. Four others were injured.
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Didn't see a thread like this so I figured why not start one. This is about natural supplements. If you aren't into supplements, fine, but please let those of us who do want to discuss this discuss it.
The first one I wanted to mention has been a real life changer. I'm 62 and still do all of my own install work at my business....also do all the yard work at the house. A few years ago I started noticing that I was losing my range of movement, it was even getting hard to bend over and lace up my boots. Almost got stuck in an attic because I couldn't get turned around once the work was done. Didn't think much of it and figured with age comes stiffness that was only going to get worse as time went on.
It was then that I stumbled across a video which was discussing rotator cuff tears and why they were to prevalent these days. Turns out, the culprit is a simple deficiency in MANGANESE which is key in keeping your tendons flexible. Most anti-biotics strip your body of any manganese it might have had which is why certain anti-biotics, especially those in the Cipro family. I actually knew a man who had two tendons tear while on that stuff.
Went to Amazon and ordered some manganese. Now it took a while, it wasn't instant, but gradually I have regained all of my flexibility. I can bend over and touch my toes while standing with no pain and putting on my boots is no longer a chore.
Pretty cheap too. The bottle I ordered was a 200 ct for under $13. They said to take double the normal dose for the first month because most people are severely lacking, then go to one a day.
The first one I wanted to mention has been a real life changer. I'm 62 and still do all of my own install work at my business....also do all the yard work at the house. A few years ago I started noticing that I was losing my range of movement, it was even getting hard to bend over and lace up my boots. Almost got stuck in an attic because I couldn't get turned around once the work was done. Didn't think much of it and figured with age comes stiffness that was only going to get worse as time went on.
It was then that I stumbled across a video which was discussing rotator cuff tears and why they were to prevalent these days. Turns out, the culprit is a simple deficiency in MANGANESE which is key in keeping your tendons flexible. Most anti-biotics strip your body of any manganese it might have had which is why certain anti-biotics, especially those in the Cipro family. I actually knew a man who had two tendons tear while on that stuff.
Went to Amazon and ordered some manganese. Now it took a while, it wasn't instant, but gradually I have regained all of my flexibility. I can bend over and touch my toes while standing with no pain and putting on my boots is no longer a chore.
Pretty cheap too. The bottle I ordered was a 200 ct for under $13. They said to take double the normal dose for the first month because most people are severely lacking, then go to one a day.
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54 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/shorts/5-kh3ZIy2yc
Direct YouTube Link - Larry Ellison's Debt-Fueled Media Bet: Could It Spark a Crash? #shorts
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/shorts/5-kh3ZIy2yc
Direct YouTube Link - Larry Ellison's Debt-Fueled Media Bet: Could It Spark a Crash? #shorts
TWIT's Website
TWIT Live Feed
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11 views
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I've always been super interested in things space related so this is a pretty cool event coming up. Nov 18, 2026 early in the morning, Voyager 1 will reach the distance of one full light day from Earth. Took almost 50 yrs. I was 13 when it launched.
View: https://www.youtube.com/shorts/gjHK3clOwIw?feature=share
View: https://www.youtube.com/shorts/gjHK3clOwIw?feature=share
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138 views
Thanks for that info. I will mark it on my calendar!
