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Cablevision spinoff may face storm; Publicly traded Rainbow Media will lose Mets, gain debt; sale possible.
Crain's New York Business, June, 2005 by Elstein, Aaron
Byline: Aaron Elstein For years, fans have griped about the dismal performances of the overpaid Knicks and Rangers. Soon, it will be the shareholders' turn. As part of last week's proposed buyout of Cablevision Systems Corp., Chief Executive James Dolan will head a publicly traded company that will own some of New York's crown jewels, including the two leading winter sports teams and their Madison Square Garden home, plus a handful of cable channels.
His father, Cablevision founder and Chairman Charles Dolan, will take the bulk of the Bethpage, L.I., cable company private in a $7.9 billion deal. For the younger Mr. Dolan, the deal means he can at last rule his own roost. But it also means the vast financial resources of the nation's sixth-largest cable...
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