You will be redirected back to your article in seconds

Cablevision buys stake in U.S. Cable

Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group.

Terms weren’t disclosed.

Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991.

Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO and is based in New York City.

Cablevision, the nation’s fourth-largest cablecaster, said V Cable owns an effective 84.8% interest in a new subsidiary which holds substantially all of V Cable’s assets.

Beginning in 1997, V Cable will have the option to exchange its 20% interest in U.S. Cable for the remaining interests in the new V Cable subsidiary, subject to certain conditions.

G.E. Capital Corp., a unit of General Electric Co., has provided new long-term credit facilities to both V Cable and U.S. Cable, secured by the assets of both entities.

More TV

  • Carmen Ejogo Trust Detective

    'True Detective' Season 3 Casts Carmen Ejogo

    Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group. Terms weren’t disclosed. Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991. Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO […]

  • Crazy Ex-Girlfriend

    'Crazy Ex-Girlfriend' Boss on Rebecca's Diagnosis, Nathaniel's Backstory and Josh's 'Quarter-Life Crisis'

    Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group. Terms weren’t disclosed. Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991. Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO […]

  • iHeartRadio Music Awards Live Stream

    E! Investigating Ryan Seacrest Misconduct Claim

    Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group. Terms weren’t disclosed. Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991. Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO […]

  • Rev Run

    Netflix Orders Comedy Series Starring Rev. Run, Wife Justine

    Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group. Terms weren’t disclosed. Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991. Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO […]

  • I Am Elizabeth Smart

    TV Review: Lifetime’s ‘I Am Elizabeth Smart’

    Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group. Terms weren’t disclosed. Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991. Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO […]

  • grace and frankie lisa kudrow

    TV News Roundup: 'Grace and Frankie' Season 4 Sets Netflix Premiere Date

    Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group. Terms weren’t disclosed. Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991. Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO […]

  • Murray Miller Aurora Perrineau

    'Girls' Writer Murray Miller Accused of Sexual Assault by Actress Aurora Perrineau

    Cablevision Systems Corp.’s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group. Terms weren’t disclosed. Cablevision, which is based in Woodbury, N.Y., announced its acquisition in December 1991. Cablevision operates U.S. Cable’s systems, which serve 202,000 subscribers and will retain operating rights. U.S. Cable is the 44th largest MSO […]

More From Our Brands

Access exclusive content