Folks, saw this this morning, what do you think?
Wednesday March 23, 05:38 PM
Cablevision Systems initiated with "hold"
NEW YORK, March 23 (newratings.com) - Analysts at Legg Mason (NYSE: LM - news) initiate coverage of Cablevision Systems Corporation (NYSE: CVC
- news) (ticker: CVC) with a "hold" rating.
In a research note published this morning, the analysts mention that the current valuation of Cablevision Systems' stock reflects robust cable operations and the possible sale of the company at a premium. According to Legg Mason, speculations of Cablevision Systems' sale has been driven by the recent restructuring of the company's programming holdings with NewsCorp, the likely discontinuation of the struggling Voom business and Time Warner (NYSE: TWX - news) 's interest in bidding for Adelphia.
© 2005 New Ratings
Wednesday March 23, 05:38 PM
Cablevision Systems initiated with "hold"
NEW YORK, March 23 (newratings.com) - Analysts at Legg Mason (NYSE: LM - news) initiate coverage of Cablevision Systems Corporation (NYSE: CVC
- news) (ticker: CVC) with a "hold" rating.
In a research note published this morning, the analysts mention that the current valuation of Cablevision Systems' stock reflects robust cable operations and the possible sale of the company at a premium. According to Legg Mason, speculations of Cablevision Systems' sale has been driven by the recent restructuring of the company's programming holdings with NewsCorp, the likely discontinuation of the struggling Voom business and Time Warner (NYSE: TWX - news) 's interest in bidding for Adelphia.
© 2005 New Ratings