Rumors of a Cablevision sale to someone like Time Warner Cable have long been a centerpiece of broadband industry gossip, but those rumors appear to be gaining some serious momentum. Cablevision executives have been leaving the company in a steady stream since last year, including marketing's Jonathan Hargis, President John Bickham, and COO Tom Rutledge, who left to become Charter CEO. This week even saw the departure of one of the company's top PR man Jim Maiella to AMC, someone who has been helpful to me for a decade.
Perhaps all these gentlemen are just coincidentally getting amazing new job offers they can't refuse, or perhaps they know something we don't and/or have seen the writing on the wall. Either way, the rumors of a Cablevision sale are growing. Citigroup has issued a report this week claiming that there's about an "80%" chance that Cablevision will be sold sometime in the next eighteen months, in part thanks to recent Sandy-induced financial troubles:
Click headline to read more--