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The Deal: Cablevision Becomes Topic of New York City Mayoral Race

In his bear case, Bazinet wrote that Cablevision's "muted" outlook for free cash flow and dividend payments would make it difficult for the Dolans to consolidate their position through buybacks. "If true, then it suggests there may be a stronger incentive for the Dolans to sell the firm," he wrote. "After all, bearish scenarios still suggest the equity value could fall to zero."

Written by Chris Nolter in New York

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