At a time when most newspapers are hungry for any ads they can sell, Newsday has turned away a steady, lucrative customer that is also a direct competitor of the paper’s parent company, Cablevision.
The sale of The Pirate Bay probably ranks as the week’s biggest news for those of us who obsess about copyright issues, followed by the ruling that Usenet.com’s newsgroup-access service infringed on the major record companies’ copyrights and the Supreme Court’s decision not to take Hollywood’s appeal of the Cablevision network DVR ruling
With a victory at the Supreme Court on the issue of network DVR, the next question for Cablevision is going to be how to proceed with rolling out service. And the answer is, they are going to move carefully in an effort not to step on the toes of advertisers.
The U.S. Supreme Court today cleared the way for Cablevision to offer a network DVR service, allowing consumers to record copies of television programming “in the cloud,” rather than on set-top boxes. Without comment, the court refused to review a Court of Appeals ruling that rejected claims by film studios and television networks that the network DVR approach would infringe copyrights.
Just what, exactly, are all those Hollywood types getting in return for their investment in Barack Obama’s presidential bid?
Cablevision this morning said it is considering spinning off its Madison Square Garden unit, which owns the famed arena of the same name, along with other entertainment venues, including Radio City Music Hall, as well as the New York Knicks, the New York Rangers, and regional and national cable programming networks.
U.S. cable operator Cablevision’s (CVC) announcement this morning that it will pay a quarterly dividend of 10 cents a share does not preclude the company from doing a large share buyback, says Collins Stewart analyst Thomas Eagan in a note to clients this morning.
Cablevision this morning said its board has authorized management to explore options for boosting its stock price. Options include buying back stock, paying regular dividends, spinning off parts of the company “and other potential strategies.”
In a stunning ruling that has huge implications for the cable industry, the U.S. Court of Appeals in New York has cleared the way for Cablevision (CVC) to offer so-called “network DVRs,” in which consumers would be able to record video programming for future viewing “in the cloud,” rather than relying on the hard-drives in their set-top boxes.
In an effort to slow Google’s siphoning of advertising dollars away from television, the nation’s six largest cable companies are making plans for a jointly owned company that would allow national advertisers to buy customized ads and interactive ads across the companies’ systems. For the last six months, executives from Comcast, Time Warner Cable, Cablevision, Cox Communications, Charter Communications and Bright House Networks have been meeting monthly, alternating between New York and Philadelphia. Quarterbacking the initiative–code-named Project Canoe to emphasize that the companies must all work together–has been Stephen Burke, president of Comcast, and Landel C. Hobbs, the chief operating officer of Time Warner Cable.
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