Cablevision continued to define the model of a family-run business when CEO James Dolan stepped down as president, relinquishing that title to his brother-in-law Brian Sweeney and naming his wife, Kristin Dolan, as the company's COO. Both were also elected officers of the company.
Three weeks after announcing it would invest $25 million to build a bowling alley in Las Vegas, MSG confirmed it hired JPMorgan to help it sell music network Fuse.
Cablevision CEO Jim Dolan received $16.57 million in total compensation in 2012, an increase of $5.4 million compared to 2011, the company disclosed in a Securities and Exchange Commission filing late Thursday.
Cablevision said Tuesday that it promoted Kristin Dolan to the new position of president of Optimum Services, and it also assigned new titles to company veterans Brian Sweeney and Wilt Hildenbrand.
While Jim Dolan spends much of his time running Cablevision as CEO, he is also chairman of Madison Square Garden, a separate public company which owns the New York Knicks, the New York Rangers, Radio City Music Hall and MSG Network, one of the industry's most expensive regional sports networks. The conflicts Dolan faces in running both companies were spotlighted on Cablevision's fourth-quarter earnings call.
Cablevision may eventually use its extensive WiFi network in New York, New Jersey and Connecticut to market a voice service to subscribers, Cablevision CEO Jim Dolan told analysts on the company's third-quarter earnings call Wednesday.
Cablevision said Monday that it named former insurance company executive Sandra Kapell to the newly created position of EVP of human resources and administration.
Cablevision says it will launch an advanced interactive program guide called Onyx during the fourth quarter that CEO Jim Dolan compared to the interfaces used by Netflix and Internet video providers.
While most cable and satellite TV providers are reporting that they lost basic video subscribers during the second quarter, Cablevision said its video subscriber count remained flat during the quarter and that it grew high-speed Internet and telephone customers.
Cablevision is beginning to notify subscribers in New Jersey that it will convert to an all-digital platform, which will require every TV in a home to be connected to a cable set-top by Oct. 1.