WSJ: Cablevision Accepts Dolan Buyout

By PETER GRANT, DENNIS K. BERMAN and DIONNE SEARCEY
Staff Reporters of THE WALL STREET JOURNAL
May 2, 2007 4:48 p.m.

Cablevision Systems Corp. agreed to be taken private by the founding Dolan family for about $10.6 billion, suggesting the Dolans like the cable industry's chances against increasing competition.

The $36.26-a-share offer for Cablevision, which owns Madison Square Garden, Radio City Music Hall, and the New York Knicks and Rangers, is an 11% premium to the Tuesday closing price of $32.67 a share, and a 52% premium to Cablevision's closing price of $23.93 on Oct. 8, the day before the Dolans' first bid.

More here at WSJ