TITLE

Cablevision Payout on Hold

AUTHOR(S)
Farrell, Mike; Donohue, Steve
PUB. DATE
January 2006
SOURCE
Multichannel News;1/2/2006, Vol. 27 Issue 1, p31
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Dolan family, the major stockholder of Cablevision Systems Corp., to temporarily withhold its payout of dividends for its shareholders. Technical covenant violations under a bank credit agreement of subsidiary CSC Holdings Inc. and other debt instruments are cited as the reasons behind the decision. CEO Jim Dolan says that the company does not want to specify a time frame for the review of the dividend payout.
ACCESSION #
19329143

 

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