Cable magnate Patrick Drahi, the founder and controlling shareholder of Altice N.V., is launching a 24/7 international news and current affairs channel in the U.S. The cable channel is set to be an offshoot of Drahi’s i24 News channel, which already has hubs in Europe, Africa, Asia and … Read entire story.
Source: Deadline
Investors looking for opportunities to bet on the U.S. cable market may have a new option soon: The No. 4 operator — Amsterdam-based Altice — says today that it is “exploring the possibility” of an initial public offering here to sell “a minority interest in its U…. Read entire story.
Source: Deadline
The FCC has quietly approved Altice’s $17.7 billion (including debt) acquisition of Long Island-based Cablevision Systems, saying that although “the public interest benefits are limited, the scales tilt in favor of granting the Applications because of the absence of harms.” The FCC’s action virtually guarantees … Read entire story.
Source: Deadline