As expected, Cablevision Systems’ shareholders approved creation ...
As expected, Cablevision Systems’ shareholders approved creation and distribution of separate Rainbow Media Group (RMG) tracking stock Fri. New RMG tracking stock, which will be distributed to holders of Cablevision common, will cover such MSO programming interests as American…
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Movie Classics, Bravo, The Independent Film Channel, WE: Women’s Entertainment, MuchMusic USA, Rainbow Sports. But stock won’t cover MGM’s pending purchase of 20% stake in 4 of RMG’s networks, which is expected to close by mid-April.