Altice Completes Its Takeover of Cablevision

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York European-based media mega-giant Altice N.V. announced Tuesday that it has completed its purchase of Bethpage-based Cablevision Systems Corp., which owns Newsday, amNewYork and News 12, for $17.7 billion.Altice made its initial offer to acquire the company on Sept. 16, 2015, estimating that the sale would go through by the second quarter of this year after getting the required regulatory approval. In May, the Federal Communications Commission ruled that the deal “serves the public interest.” Last week the New York State Public Service commission approved the purchase with conditions that it estimated could provide $243 million in benefits to New York consumers.By combining Cablevision’s 3.1 million customers in the tri-state region and the nearly 1.5 million customers of Suddenlink Communications, the St. Louis, Missouri-based company that Altice acquired last December for $9.1 billion, Altice USA becomes the fourth largest cable operator in the U.S.Billionaire tycoon Patrick Drahi, who founded Altice in 2002, said the Cablevision acquisition was “a crucial step” to the company’s growth.“We are very excited about our U.S. business and the opportunities we see in this market,” Drahi said in a statement. “We will accelerate network investments and bring innovative products and services to U.S. customers by leveraging our global operational expertise, scale and resources.”He had kind words to say about Cablevision’s now former owners, the Dolans.“I wish to also thank the Dolan family for entrusting us with their life’s work at Cablevision, where they have developed under their pioneering stewardship one of America’s pre-eminent cable operations with best-in-class management talent.”Wait a minute: Considering on online MBA? There’s many benefits to pursuing a master’s in business administration online rather than the traditional in-class settingDrahi’s favorable sentiments about Cablevision’s employees were echoed by Dexter Goei, president of Altice N.V., and chairman and chief executive officer of Altice USA.“Our very talented employees have great energy and enthusiasm,” Goei said in a statement, “and we are confident that altogether we will help to build Altice USA to the benefit of our customers and the local communities that we serve.”Naming its new executive leadership team, Altice USA said that Patrick Dolan would remain head of News 12 Networks.MORE: There’s nothing like summer on Long Island. Here’s a list of this year’s summer fairs and festivals“To meet our customers’ content and information needs, the company through News 12 also offers hyper-local news and programming created specifically for the communities we serve,” said the new company in its press release.There was no comment about the fate of Newsday, despite requests.The sale doesn’t include Madison Square Garden Co., which under the umbrella of MSG Sports, owns the New York Knicks, New York Rangers and New York Liberty.last_img read more

UEFA Women’s EURO 2017 Final Preview

first_imgTwo first-time finalists will on Sunday make their way out of the FC Twente Stadion dugout in Enschede for the final of the UEFA Women’s EURO 2017, with both looking to make the night a historic one for their country.Either hosts the Netherlands or Denmark – both emerging from Group A – will become the fourth different Women’s EURO champions after what is expected to be an intense game.Like it has been since the opening match, the Netherlands will have the massive backing of their fans on the night but asides that, their very impressive performance has seen them maintain a perfect run of five wins from five matches conceding just one goal.Denmark, on the other hand, have only lost once in their journey to the final and coincidentally, that defeat was at the hands of the Netherlands in the group stage. The game ended 1-0 with Sherida Spitse scoring from the penalty spot.However, compared to the Dutch, the Danes have a longer history with the tournament, making it to five semi finals and finally crossing that hurdle on their sixth attempt. Meanwhile, this is the Netherlands only third appearance since they made their debut in 2009.The combination of Lieke Martens, Vivienne Miedema and Shanice van de Sanden for the Oranje have been a constant threat to opponents. Then there is Sari van Veenendaal who has been solid in between the sticks for the hosts.For the Danish side, Captain Pernille Harder has indeed been leading by example. Nadia Nadim and Stine Larsen are two other key players that have also helped them come this far. Their victory over eight-time Champions Germany is also expected to come in handy as some form of inspiration.Time for the final is 17:00 CET and there would be a sold-out crowd to witness the showpiece.RelatedUEFA Women’s Euro Quarter-final Preview: Will Austria’s Fairytale Run ContinueJuly 29, 2017In “UEFA”UEFA Women’s Euro 2017: Favourites Falter As Underdogs March OnJuly 31, 2017In “Europe”Oranje: The New Colour Of Love In The NetherlandsAugust 8, 2017In “Europe”last_img read more