SBD/28/Finance

CABLEVISION PROPOSES ACQUISITION OF NOBODY BEATS THE WIZ

          Cablevision Systems Corp., "in a bid for more of New
     Yorkers' entertainment dollars," yesterday offered "about"
     $95M for the "troubled" Nobody Beats The Wiz chain,
     according to James Madore of NEWSDAY.  Cablevision would
     acquire 36 stores and Cablevision CEO James Dolan said it
     "wanted an outlet for its products and its services."  Some
     analysts "expressed surprise" at the proposed deal.  Murray
     Anderson, analyst for Hoak Breedlove Wesneski: "There's a
     synergy there, but it's not real strong" (NEWSDAY, 1/28). 
     Dolan added that people will "be able to buy Knicks and
     Rangers tickets" at the Wiz stores (N.Y. TIMES, 1/28).  

Return to top

Related Topics:

Cablevision, Finance, New York Knicks

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug