When I was growing up, there were two options for watching television:
- Connect an antenna (usually on the roof) to your TV set, and watch for free.
- Call Cablevision, have them connect a cable to your TV set, and pay a monthly fee.
With the antenna, you were limited to what was broadcast over the airwaves. Cable also had the broadcast channels, and included some more that you couldn’t get without an antenna, like TBS, CNN, and HBO. Of course, technology progresses with time, and we’ve seen the development of home satellite dishes (Dish Network, DirecTV) and fiber optic delivery (Verizon FiOS). Cablevision is no longer the only game in town, and it’s time to say goodbye to them, as they are being purchased by Altice, a European telecommunication company.
There is a question of what will happen to the news content, as Cablevision also owns Newsday, the only Island-wide daily newspaper. For now, there are no plans to change this:
If regulators approve the sale, which is scheduled to close next year, Altice will also take over Cablevision’s media assets: Newsday, LI’s lone daily newspaper; amNew York, a free New York City daily; and seven News12 hyperlocal cable news channels covering the tristate area, including their flagship station on the Island.
“We were very focused on keeping control and ownership of…the media assets, which have been loss-making historically, but are extremely attractive as far as being a part of the fiber of the local community,” Altice Chief Executive Officer Dexter Goei said on a conference call Wednesday.
“I don’t like to pay salaries. I pay as little as I can,” Drahi recently crowed with the ink still wet from the deal. “… [Cablevision has] many layers of people that are highly paid. This will change.”
And of course the biggest salaries of all are that of former Cablevision owners the Dolan family. As such, Altice CEO Dexter Goei is making it pretty clear that the Dolan family will be the first to go once the deal gets regulatory and shareholder approval […]
If you are a Cablevision subscriber, you may be wondering how all this salary cutting will affect your cable bill. That remains to be seen. If you’re satisfied with your cable service, you may want to stay with it. If not, you do have other options, including connecting a roof antenna for free TV.