Cablevision Sale

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Altice NV is making a bid to buy Cablevision in a deal worth close to $18 billion.

This is the first major move by the European media company into the U.S. market and is reportedly part of a new business strategy. Cablevision was founded in 1973 by Charles Dolan. Now 88 years old, Dolan’s age is thought to be a factor in the family’s decision to sell.

A major asset of Cablevision in the Connecticut/New York region is the string of regional news networks known as News 12. The Connecticut version is based in Norwalk.