Cablevision Systems Corp.’s controlling shareholders, the Dolan family, on Monday offered to take the cable operator private in a $7.9 billion deal that would also spin off its cable networks and sports team businesses.
Cablevision shareholders would get $21 a share in cash plus shares in Rainbow Media, which includes: American Movie Classics, Independent Film Channel, Women’s Entertainment channel as well as five regional sports networks, the New York Knicks basketball team and the New York Rangers hockey, among other assets.
