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).