Posted Thursday, May 22, 2003 5:21 AM | Contributed by Jeff
In a surprise move to create a new entertainment dynamo, Cablevision Systems Corp. has agreed to contribute three of its cable TV networks to a company that Edgar Bronfman Jr. is trying to form by leading a group of bidders for the film, cable TV, theme park and music assets of Vivendi Universal. Bethpage-based Cablevision would throw in its Rainbow Media unit's American Movie Classics, Independent Film Channel, which covers Cannes; and WE: Women's Entertainment, but no cash, sources close to the bidding process said. In exchange, it would own between one-quarter and one-third of the equity in the new company, which Bronfman, who is Vivendi vice chairman, would run as chief executive.
Read more from Newsday.
Thursday, May 22, 2003 9:08 AM
Ugh. Cablevision is the last company I would want associated with Universal's theme parks. They are probably the most disliked company in New York. Everything they acquire goes to garbage- the wiz, the knicks, the rangers, clearview cinemas. Their customer service stinks. It looks like another company will actually run the parks if the bid is succesful but any involvement by Cablevision cannot be a good thing.
Thursday, May 22, 2003 9:37 AM
If it's any consolation, they'd be a minority owner, but I see your point. I generally feel that way about all cable companies.
Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"Pray that your country undergoes recovery!" - KMFDM
Thursday, May 22, 2003 2:56 PM
I couldn't agree more mutly23. And I agree with you too Jeff, but Cablevision goes above and beyond horrible in comaprison to most cable companies. Just ask any Yankee & Nets fans in the New York metro area why they couldn't see their own local teams on TV for more than a year! They will find a way to hurt, not help in Universal's theme parks, so let's hope it doesn't happen.
Mutly23, I also agree that they are quite possibly the most hated company in New York, save for Fred Wilpon (Mets).......lolol
Thursday, May 22, 2003 4:40 PM
Cablevision would not OWN the parks nor run them. I would think that they would have a very small role in the company.
Thursday, May 22, 2003 6:51 PM
Woah, I see some people feel the same way about Cablevision as i do. I used to have cablevision as my cable company here and i have to say, It was one over priced piece of crap service we were getting. Mainly it was the reason i switched to dish networks which i have to say is amazing. But anyway, I feel the same way as all of you that posted above. I wouldnt want them having anything to do with Universal parks or Universal anything.