Cablevision restates earnings in 5 quarters

  • Thread starter Sean Mota
  • Start date
  • Replies 0
  • Views 1K
S

Sean Mota

Thread Starter
SatelliteGuys Master
Supporting Founder
Sep 8, 2003
19,039
1,738
New York City
SOURCE

The major problem for Cablevision is that the accounting irregularities, and especially the ongoing SEC investigation, affects its credibility with the investor community, which in the best of times is skeptical of the cabler's complex financial structure.


Among projects put at risk by the financial cloud is Cablevision's plan to spin off its Rainbow Media unit into a new company, along with its Voom direct broadcast satellite platform. It is not feasible to file an IPO prospectus while the SEC is investigating the parent company. The cash from the proposed spinoff is considered essential to funding chairman Chuck Dolan's risky satellite venture.
 

Similar threads

R
Replies
8
Views
2K
barth2k
B
K
Replies
2
Views
2K
riffjim4069
riffjim4069
N
Replies
3
Views
1K
Sean Mota
S
T
Replies
35
Views
3K
graphiteRT
G

Users Who Are Viewing This Thread (Total: 0, Members: 0, Guests: 0)

Latest posts

Top