The Dolans Bid Billions for Cablevision and All We Got Were These Lousy Letters

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The founding family of Cablevision put in their second bid in less than a year to take the company private. Our spies have sent us the bid letter the Dolan family sent to the board of Cablevision as well as a memorandum issued to Cablevision employees . According to the letter to the board, the primary rationale for taking the company private is to allow for long-term planning and entrepreneurial leadership that the Dolan’s don’t believe will be tolerated by the public markets.
You can download both letters at the links above.

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