Cablevision and Sports

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Essay Cablevision and Sports

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An analysis of Cablevision’s entry into the sports arena.

The paper looks at the background of Cablevision Systems Corporation, one of the giants in the media industry that over the recent years has rapidly expanded its base through mergers, alliances as well as buyouts. The paper reviews Cablevision’s 2002, 2001 and 2000 annual reports and examines the situation with the Madison Square Garden project; the paper finds that the company is at a critical point at the moment regarding its investors and stakeholders. The paper notes that it is expected that the company will have to either forego some of its assets or cut down on operational costs.
“Cablevision Systems Corporation is one of the giants in the media industry that over the recent years has rapidly expanded its base through mergers, alliances as well as buyouts. The business genre although started with telecommunication and media but today, it is not restricted to anyone field in particular. From cable television to private channels, radio to Internet services as well as collecting famous sports teams. Cablevision indeed is not restricted in its business horizon [www.bizyahoo.com].
“Cablevision is also known for its innovative approach to business and for introducing new products. Products and services like Optimum-branded high-speed Internet and IO [Interactive Optimum] are two examples. The company is also innovative in its approach to business practice as well. Acquisition of Rainbow Media Holdings, Inc. back in the 1990s acted as a gateway for Cablevision to enter into mainstream entertainment industry [www.bizyahoo.com]. Some network channels include American Movie Classics, Bravo and The Independent Film Channel.”

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