Altice USA has reportedly laid off around 100 employees in the Bethpage, N.Y. headquarters of its recently acquired Cablevision Systems asset.
A month after closing its $17.7 billion purchase of Cablevision, Altice USA has announced that the MSO's Freewheel Wi-Fi calling service will not be singing up any new customers.
Altice USA has licensed the full sum of NBCUniversal's 6,755 hours of Summer Olympics coverage for its newly acquired Cablevision and Suddenlink Communications customers.
Altice is reportedly studying a sale of its Belgian unit as part of a streamlining process that would enable the group to focus on its bigger operations in France and the U.S.
The Dolan family is buying a majority stake in publishing company Newsday back from Altice USA.
Charter Communications has named former Cablevision executive David G. Ellen to the wide-ranging role of senior executive VP.
While Altice NV hasn't conducted wide-scale job cuts at its two recent U.S. cable acquisitions, a Wall Street Journal report describes a workplace dynamic that seems to be having a similar staff-reducing effect.
Cablevision is shutting down its Freewheel in a move that underscores the difficulties cable companies face as they try to elbow their way into the wireless market.
Fresh off the closure of his blockbuster $17.7 billion acquisition of Cablevision, Altice's Patrick Drahi said he will bring the company's Israeli news channel, i24 News, to the U.S. market within the next year.
Before officially closing its acquisition of Cablevision, Altice was under some fire regarding comments that founder and controlling shareholder Patrick Drahi made about job cuts and not liking to pay big salaries. When questioned about the comments by CNBC's David Faber, Altice USA CEO Dexter Goei said Drahi's comments have been a "little misinterpreted."