Among the options the company mentioned to improve shareholder value are regular dividends, a stock buyback plan and possible spinoffs of business units.
Cable television subscribers in New York City will have another company to choose from starting on Monday when Verizon begins selling programming.
The decision by state regulators is likely to give cable television consumers in New York City more choices and potentially lower prices.
The owners of The New York Post and The Daily News lost out to Cablevision in the battle for Newsday on Monday, but the tabloid war may be far from over.
The deal with Tribune will give Cablevision a 97 percent stake and return the paper to Long Island ownership.
The deal with Tribune will give Cablevision a 97 percent stake and return the paper to Long Island ownership.
The deal with the Tribune Company will give Cablevision a 97 percent stake and return the paper to Long Island ownership.
Cablevision appeared likely to prevail in the bidding for the newspaper after the News Corporation pulled out.
Cablevision appeared likely to prevail in the bidding for the Long Island newspaper after News Corporation pulled its $580 million bid.
Cablevision is preparing a $650 million offer for Newsday, while the owners of The New York Observer have dropped out of the bidding.