Harbinger Acquires Stake in Cablevision

August 15th, 2008
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Harbinger Capital has acquired a 4.9% stake in Cablevision. Harbinger Capital has previously also held activist stakes in media companies such as the New York Times and Media General.

Cablevision is in the midst of meeting with investors and considering options to raise share prices. Last week, Gamco Investors CEO Mario Gabelli called for Cablevision to sell off its Rainbow Media unit and spin-off its Madison Square Garden to buy back shares. If Mr. Gabelli chooses to continue an activist strategy with Cablevision, there are quite a few big name shareholders such as ClearBridge Advisors, T. Rowe Price, and Marathon Asset Management.
For Detailed Investor Profiles on these Investors, click below:
HRG Group (Harbinger Capital Partners)
GAMCO Asset Management
Related People: Howard F. Ward; Mario J. Gabelli; Omar Asali (CEO); Peter Jenson (COO); Philip Falcone*
Related Entities: Gabelli & Company, Inc.; Gabelli Asset Management*; Gabelli Growth Fund; Gabelli Small Cap Growth Fund; Gabelli Value Fund; Harbert Management Corporation*; Harbinger Capital Credit Distressed BlueLine Fund; Harbinger Capital Partners Master Fund; Harbinger Capital Partners Special Situations Fund LP; HRG Capital

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