Sunday, June 13, 2010

Cablevision Acquires Bresnan for $1.4 Billion

Cablevision Systems, which serves the NYC metropolitan market, will acquire Bresnan in a transaction valued at $1.365 billion. Bresnan is the nation's thirteenth largest MSO with cable operating systems in Colorado, Montana, Wyoming and Utah that pass more than 630,000 homes and serve more than 300,000 basic subscribers.

Cablevision's Chief Operating Officer Tom Rutledge will oversee the Bresnan properties.

  • Bresnan was founded in 1984 by William J. Bresnan, a cable industry pioneer who, for more than 40 years until his passing in late 2009, was widely acknowledged as one of the cable industry's most admired and influential executives. Bresnan served for over 35 years on the Board of Directors of the National Cable Telecommunications Association. He served on the Board of Directors of The Cable Center in Denver since its inception and was Chairman of the Executive Committee and member of the Board of Directors of C-SPAN. He was a Board member of Cable Television Laboratories and the Cable TV Pioneers.

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