Cable One will become an independent, publicly traded company.
Graham Holdings To Spin Off Cable Division
Graham Holdings Co. on Thursday announced that its board of directors OK’d plans to spin off Cable One Inc., a Graham Holdings subsidiary, from Graham Holdings. Following the proposed transaction, Cable One will be an independent, publicly traded company. Graham Holdings said it intends to complete the proposed transaction in 2015.
“After a careful review of strategic options, we believe that a separation of Graham Holdings and Cable One will create value for the companies and our shareholders,” said Donald E. Graham, chairman of the board of directors. “The separation will position Graham Holdings to pursue continued growth opportunities, while enabling Cable One to focus entirely on its video, Internet and voice services and to attract a more natural stockholder base.”
The proposed transaction will be structured as a tax-free spin-off of Cable One to the stockholders of Graham Holdings. The company said the transaction is contingent on the satisfaction of a number of conditions, including completion of the review process by the Securities and Exchange Commission of required filings under applicable securities regulations, other applicable regulatory approvals and the final approval of transaction terms by the board of directors of Graham Holdings.
Comments (7)
Joanne McDonald says:
November 13, 2014 at 5:10 pm
Maybe Mediacom, Suddenlink, Cox or even Charter could buy Cable One cable systems by piecemail or as a whole from an independent Cable One. Time Warner Cable could even buy various system from Cable One by piecemail that are very close to the system Time Warner serves and operates nearby that if Time Warner Cable does not merge with Comcast.
The Cable One system in Norfolk, Nebraska is closer to the Time Warner Cable systems in Nebraska with Norfolk and Madison closer to Columbus and West Point closer to Fremont geography.
The Cable One system in Sioux City includes North Sioux City, SD and South Sioux City and Dakota City, NE is closer to various Mediacom cable systems in Northwest Iowa in the Sioux City TV DMA with the Cable One system in Sioux City being closer to the Mediacom system in Le Mars, IA geography.
An independent Cable One can easily merged with another large cable wired MSO mainly to fight for retransmission consent leverage of broadcasting TV stations including those owned by Sinclair, Nexstar, Gray, Hearst, Journal/Scripps, Tribune, Meredith, Gannett, etc and for leverage of cable networks owned and controlled by Disney, Comcast, Discovery, Scripps, 21 Century Fox, Turner/Time Warner, Viacom, etc.
Linda Leavell says:
November 13, 2014 at 5:28 pm
Too Much Power
Cathy Carnegie says:
November 13, 2014 at 8:02 pm
Oh boy. Sheesh.
Just Fine says:
November 13, 2014 at 10:14 pm
Or, and this is just a thought, it could operate free from the monopolistic nature of the industry as it has done for nearly 30 years. I don’t know why these companies have to devour each other like they do.
Wagner Pereira says:
November 15, 2014 at 3:47 am
James C would be perfect to work at ACA. He fits the qualifications. Posting BS on pages that no one will take seriously or ever be read.
Brad Dann says:
November 14, 2014 at 12:37 pm
Once it’s an independent company, it’s for sale to the highest bidder. The spin off is about tax planning.
Linda Leavell says:
November 15, 2014 at 2:11 pm
It’s Not for Sale