Cablevision Systems Corporation (CVC) - NYSE
  • Thu, Apr. 7, 12:49 PM
    • Cablevision (CVC -0.6%), an early pioneer among pay-TV systems in embracing over-the-top services, is now offering Hulu as a dedicated cable TV channel.
    • That marks the first time that Hulu (CMCSA, DIS, FOX/FOXA) is available as a dedicated set-top box feed, accessible through the standard program guide. Competitor Netflix has been available via some pay-TV services for years.
    • Cablevision is offering it on its Optimum TV subscriptions on channel 605. It's not a linear feed -- it's on-demand content -- but it puts Hulu on more of an equal footing with premium cable nets for Cablevision customers.
    • Now read Is There An Opportunity In The Cablevision Acquisition? »
    | Thu, Apr. 7, 12:49 PM | 2 Comments
  • Tue, Mar. 15, 12:21 PM
    • The FCC's new Internet privacy plan, calling for broad consumer consent for data collection, is "credit negative" for broadband providers.
    • Those companies could be "severely handicapped" in competition with advertising giants like Facebook and Google, which are notably left out of agency Chairman Tom Wheeler's proposal.
    • The FCC plan calls for consumer consent on data collection and more disclosure of what's collected, along with more work to protect information and report data breaches when they happen. Meanwhile, Google, Facebook, Twitter and other sites would continue collecting data from visitors without consent.
    • "We believe this to be a long-term risk to the current TV advertising business model, as well as all broadband providers whom also have ad sales exposure," Moody's said.
    • Related tickers: T, VZ, CMCSA, CHTR, TWC, CVC
    | Tue, Mar. 15, 12:21 PM | 4 Comments
  • Thu, Mar. 10, 3:23 PM
    • The FCC has launched a proposal on data privacy that doesn't ban data collection practices, but does require a broad opt-in from consumers.
    • The agency's plan, in the works since it reclassified many providers under net neutrality regulation last year, calls for consumer consent -- many broadband providers collect data without consent -- and for them to disclose their data collection, work to protect personal information and report data breaches.
    • The move stops largely at Internet providers and doesn't extend to sites with broad consumer data collections, including Twitter, Google or Facebook.
    • The move comes a few days after Verizon (NYSE:VZ) settled an FCC privacy probe by agreeing to get consumer consent and pay $1.35M, an amount that suggests the FCC is more concerned about the opt-in than about data collection in general.
    • The proposal goes to an initial March 31 open meeting vote.
    • FCC fact sheet
    • Related tickers: T, VZ, TMUS, S, CMCSA, CHTR, TWC, CVC, CTL, FTR, CCOI, DISH
    • Previously: Verizon paying $1.35M, allowing data opt-outs in privacy probe (Mar. 07 2016)
    | Thu, Mar. 10, 3:23 PM | 15 Comments
  • Tue, Mar. 8, 8:36 PM
    • Pushing back against some demands from New York State, Altice (OTCPK:ATCEY) maintains that its $17B plan to take over Cablevision (NYSE:CVC) is in the public interest even if it doesn't agree to concessions.
    • The New York Public Service Commission, and New York City, have argued for low-income broadband plans, continued investment in fiber, and job protections among a number of conditions to the deal.
    • The Dutch company is promising a wide array of plans for New Yorkers, from top-end 300-Mbps broadband to a 30-Mbps plan for $14.99/month for low-income residents. But it disagrees with a PSC staff call to share 50% of cost savings with customers, countering with 15% (and no more than 25%).
    • It also said it wouldn't maintain customer-facing jobs for five years, but said that network investment may require hiring more employees for technical work and in the back office.
    • Previously: New York City, State file objections to Altice-Cablevision deal (Feb. 05 2016)
    • Previously: Union tells New York regulators to kill Altice-Cablevision deal (Jan. 27 2016)
    | Tue, Mar. 8, 8:36 PM
  • Thu, Feb. 25, 12:28 PM
    • Cablevision Systems (NYSE:CVC) is up 0.5% after a Q4 report that fell a bit short on top and bottom lines but saw added customers on a Y/Y and sequential basis.
    • Revenue breakout: Cable, $1.46B (up 0.1%); Lightpath, $91M (up 0.8%); Other (including Newsday and News 12 Networks), $91.1M (down 5.4%).
    • Total customers rose to 3.12M, up 2,000 from the prior year and up 13,000 from Q3; it was the first year of organic growth in total relationships since 2008. Video and voice line customers declined Y/Y (by 87,000 and 36,000 respectively), but high-speed data customers grew by 49,000 from the prior year. In penetration, total customers to serviceable passings came to 61.4%, down from 2014's 61.8%, but up from Q3's 61.2%.
    • Average monthly cable revenue per customer rose to $155.88 (vs. prior year's $155.20), which Cablevision says leads the industry.
    • It's discontinued conference calls due to the pending acquisition by Altice (OTCPK:ATCEY).
    • Press Release
    | Thu, Feb. 25, 12:28 PM
  • Thu, Feb. 25, 8:33 AM
    • Cablevision Systems (NYSE:CVC): Q4 EPS of $0.12 misses by $0.03.
    • Revenue of $1.63B (flat Y/Y) misses by $10M.
    • Press Release
    | Thu, Feb. 25, 8:33 AM
  • Wed, Feb. 24, 5:30 PM
  • Thu, Feb. 18, 11:49 AM
    • In a party-line vote, the FCC has voted to proceed on new regulations that will allow for open competition in pay TV set-top boxes.
    • Agency Chairman Tom Wheeler had railed against a market where he says Americans spend $20B on leasing devices from their TV providers, paying rental fees that have jumped 185% since 1994 despite the fact that other consumer electronics have declined 90% in price in the same time frame.
    • The FCC's move could throw open the doors to a new generation of boxes from the likes of Apple and Alphabet as well as TiVo, among others.
    • “This issue is not complex,” Wheeler says, noting that the 1996 Telecommunications Act “explicitly instructed us to assure that there are competitive information devices, be it a box or an app.”
    • Voting on Wheeler's proposal is the start of a process. If a final order goes forward, MVPDs would have to provide information to third parties who could make devices that conformed to a specification to provide service.
    • Pay TV players: CMCSA, TWC, CHTR, CVC/OTCPK:ATCEY, T, DISH, VZ, FTR, CTL
    • Previously: Reports: FCC planning for open competition in set-top boxes (Jan. 27 2016)
    | Thu, Feb. 18, 11:49 AM | 74 Comments
  • Tue, Feb. 16, 5:59 PM
    • As planned, Cablevision (CVC +0.8%) has become the first cableco to stream the live TV signal from CBS (CBS +4%), authenticating CBS.com and the network's app for its subscribers.
    • Optimum TV subcribers will be able to watch CBS programs in all dayparts, online and on mobile devices, in markets served by CBS-owned stations.
    • The two had come to an agreement providing for the access last summer as part of a multi-year carriage deal. It followed a number of streaming-friendly moves from Cablevision, including becoming the first old-line provider to offer Hulu and becoming a launch partner for OTT service HBO Now.
    • Previously: Cablevision to offer CBS over-the-top services as part of multi-year carriage deal (Aug. 25 2015)
    | Tue, Feb. 16, 5:59 PM
  • Fri, Feb. 12, 7:36 PM
    • In an 8-K filing, Cablevision (NYSE:CVC) says it's settled litigation with Thomas C. Dolan -- a boardmember, and member of the owning Dolan family -- over compensation issues between 2005 and 2008.
    • The company will pay Thomas Dolan $21M in the agreement, and Charles Dolan (chairman) and James Dolan (NYSE:CEO) will pay the company $6M in partial reimbursement if Cablevision's merger with Altice (OTCPK:ATCEY) isn't consummated.
    • Thomas Dolan is executive VP of Strategy and Development at Cablevision, and was formerly CEO of Rainbow Media -- spun off from Cablevision to become AMC networks.
    • Previously: New York City, State file objections to Altice-Cablevision deal (Feb. 05 2016)
    • Previously: Union tells New York regulators to kill Altice-Cablevision deal (Jan. 27 2016)
    | Fri, Feb. 12, 7:36 PM
  • Fri, Feb. 5, 6:51 PM
    • In filings today, New York's Public Service Commission received objections from New York City and State to Altice's (OTCPK:ATCEY) plan to take over Cablevision Systems (CVC -0.9%), including "key public interest questions."
    • Among issues under dispute is whether NYC has any authority to OK or block the deal; Altice and Cablevision argue that it doesn't.
    • The city's filing details a number of concerns, including that Altice hasn't explained how it can both save $900M in costs and continue investing in fiber-to-the-premises -- and what kind of impact such cost cuts would have on jobs and customer service.
    • It's suggesting concessions including forcing the combined company to offer a $10/month, 30-Mbps broadband plan for low income families, and to keep "non-executive suite" jobs for at least four years.
    • For its part, the state argues that the two companies haven't proved the deal is in the public interest and echoes many of the city's concerns, but it's not set to make a decision on the deal until April 29.
    • Cablevision shares are flat in after-hours trading.
    • Previously: Union tells New York regulators to kill Altice-Cablevision deal (Jan. 27 2016)
    | Fri, Feb. 5, 6:51 PM | 1 Comment
  • Wed, Jan. 27, 6:54 PM
    • A New York Public Service Commission hearing today over Altice's (OTCPK:ATCEY) deal to buy Cablevision (NYSE:CVC) heard some strong opposing voices, including customers and the Communications Workers of America.
    • Objections center around Altice's reputation for slashing jobs and taking on large amounts of debt in acquisitions.
    • “The current deal proposed would have a ripple effect on Cablevision’s programming, customer service, and employees,” said the CWA's Dennis Trainor. “There is a concern that Cablevision employees will lose their jobs and services will be cut for customers."
    • Altice's plan includes taking on nearly $9B in debt to close the deal; Cablevision reported its own total debt of more than $9B in its most recent results.
    • For their part, Altice and Cablevision say the CWA's take "relies on selective press accounts, mischaracterization and surmise to impugn the transaction and advance its own narrow interests."
    • Previously: Union to FCC: Reject Altice's $17.7B Cablevision buyout (Dec. 07 2015)
    • Previously: Cablevision -0.7% as Q3 revenues decline and miss (Nov. 03 2015)
    • Previously: Altice partners paying $1B to seal funding for Cablevision purchase (Oct. 27 2015)
    | Wed, Jan. 27, 6:54 PM
  • Wed, Jan. 27, 1:09 PM
    • The FCC is planning to allow for open competition in pay-TV set-top boxes, which would open a new front against multichannel providers for hardware makers including Apple and Alphabet as well as TiVo.
    • A document shows that FCC Chairman Tom Wheeler plans a proposal that would see a Feb. 18 vote, to open up a market where Americans spend $20B a year to lease equipment from their providers -- an average of $231/year.
    • The proposal also looks to prevent pay TV providers from using security systems to prevent competition. An industry trade group opposes competition in the device market, saying it wouldn't provide new programming or lower TV bills.
    • The entry of Apple and Google could mean that traditional set-top functions are provided by a tablet instead.
    • Set-top box rental fees have jumped 185% since 1994, the FCC's document says, while the cost of TVs, computers and mobile phones has fallen 90% in that time frame.
    • Updated 1:11 p.m.: FCC Chairman Tom Wheeler tweets: "It is time for us to unlock the set-top box market, as we did w/ Ma Bell phones & devices on wireless networks."
    • Pay TV players: CMCSA, TWC, CHTR, CVC/OTCPK:ATCEY, T, DISH, VZ, FTR, CTL
    | Wed, Jan. 27, 1:09 PM | 29 Comments
  • Fri, Jan. 1, 4:53 AM
    | Fri, Jan. 1, 4:53 AM | 27 Comments
  • Dec. 31, 2015, 6:00 PM
    • The FCC's year-end "Measuring Broadband America" report says DSL providers like Verizon, CenturyLink and Frontier have a challenge ahead if sticking with copper, since speeds aren't keeping up with promises -- and cable providers have taken advantage (and share) this year.
    • DOCSIS 3.0 technologies are letting cablecos boost speeds to the three digits (100 Mbps), and DOCSIS 3.1 will allow for competition with fiber, and 1 Gbps speeds over coaxial networks.
    • "All ISPs using cable, fiber or satellite technologies advertise speeds for services that on average are close to or below the actual speeds experienced by their subscribers," the FCC says. "However, some DSL providers continue to advertise speeds that on average exceed actual speeds."
    • Cablecos like Comcast (CMCSA -0.5%), Charter (CHTR -0.6%), Time Warner Cable (TWC -0.2%), Cox and Cablevision (CVC +0.1%) raised maximum advertised speeds from 12-20 Mbps in March 2011 to 50-105 Mbps by September 2014.
    • Meanwhile, Verizon (VZ -1.2%) is in harvest mode on its copper lines, and its lack of FiOS plans in many areas means customers may seek fiber or cable alternatives. But in areas where Verizon and Frontier offer fiber-to-the-home, most popular speeds are 25 and 35 Mpbs.
    • CenturyLink (CTL -0.9%) and Frontier (FTR +0.2%) have made some moves to upgrade their copper networks, pushing into 100 Mbps trials in some cities.
    • For 2015: CMCSA -3.4%; CHTR +8.9%; TWC +21.4%; CVC +54%; VZ -3.4%; CTL -37.8%; FTR -31.6%.
    | Dec. 31, 2015, 6:00 PM | 2 Comments
  • Dec. 18, 2015, 5:05 PM
    • Altice (OTCPK:ATCEY) has won FCC approval for its $9.1B purchase of Suddenlink, as the agency said the deal served the public interest.
    • Still pending is the European telecom's $17.7B plan to acquire Cablevision Systems (CVC -0.9%), a deal that when combined with the Suddenlink purchase would make Altice the No. 4 U.S. cableco.
    • The Suddenlink deal was the first move into the U.S. for Altice, controlled by French billionaire Patrick Drahi. It also controls broadband companies in France, Belgium, Luxembourg, Israel and Portugal, and the FCC pointed to Altice's track record of improvements at those firms in approving the deal.
    • Suddenlink said last month that its Q3 revenue was up 3.6%, to $605.1M.
    • Previously: Altice partners paying $1B to seal funding for Cablevision purchase (Oct. 27 2015)
    • Previously: Altice enters the U.S. with Suddenlink stake (May. 20 2015)
    | Dec. 18, 2015, 5:05 PM
Company Description
Cablevision Systems Corp. is a telecommunications and media company, which includes a full suite of advanced digital television, voice and high-speed Internet services, local media and programming properties. It operates through three reportable segments: Cable, Lightpath and Other. The Cable... More
Sector: Services
Industry: CATV Systems
Country: United States