overview
merge & churn
globalisation
print
film
music
broadcast
Australia
list
Cablevision
- holdings
- chronology
timeline
|
Cablevision
New
York-based Cablevision
Systems provides cable television and telecommunication
services to some 3 million customers in and around New
York City. It's most significant for its Rainbow Media
subsidiary, which operates national cable tv networks
and regional sports channels in the US. Aggregate revenue
in 2000 was around US$3.94 billion.
the group
Like TCI/Liberty Media and Comcast
the group began by rolling out a cable television infrastructure
(in this instance across Long Island and Manhattan) before
moving into packaging content for other operators and
going upstream by buying sports teams.
Charles Dolan was initially active as a program syndicator
and in the early 1960s formed Teleguide to provide online
information services to New York City hotels. He gained
an early franchise to cable Manhattan but was bought out
by Time and established Cablevision
in 1973 after buying that group's Long Island network.
He subsequently cabled much of Long Island and acquired
cable systems in Boston, Cleveland and Kalamazoo.
In 1976 Cablevision launched the first regional SportsChannel.
Four years later it created Rainbow Media (now partly
owned by NBC and MGM), which launched
several national channels - such as American Movie Classics
and Bravo - on 110 cable systems in 22 US states. It concurrently
established or acquired other regional sports channels,
mostly in partnership with Murdoch's
Fox.
Cablevision bought Madison Square Garden, the New York
Knickerbockers baseball team, the New York Rangers hockey
team, the Clearview cinema chain and a lease on Radio
City Music Hall. Life among the cowboys on the cable frontier
has been rough. Cablevision's been criticised by consumers
and government agencies for poor performance and high
prices. It's disposed of most of its infrastructure outside
New York and New Jersey, bought an electronics retailing
chain - The Wiz - which doesn't appear to have worked
much magic and has had uncertain success in providing
telephone and internet services using its remaining infrastructure.
studies
There
are no major studies specific to Cablevision. For the
cable industry see George Mair's Inside HBO: The Billion
Dollar War Between HBO, Hollywood & the Home Video
Revolution (New York:, Dodd, Mead 86), Stephen Keating's
Cutthroat:
High Stakes and Killer Moves on the Electronic Frontier
(Boulder: Johnson 99) and L J Davis' The Billionaire
Shell Game: How Cable Baron John Malone and Assorted Corporate
Titans Invented A Future Nobody Wanted (New York:
Doubleday 98).
There are perspectives in Road Warriors - Dreams &
Nightmares Along the Information Highway (New York:
Dutton 95) by Daniel Bursten & David Kline, The Highwaymen
- Warriors of the Information Superhighway (New York:
Random House 97) by Ken Auletta and Patrick Parsons' The
Cable & Satellite Television Industries (Boston:
Allyn & Bacon 97).
next page (Cablevision
holdings)
|