One can be excused for thinking these disparate tax scenarios would have Cablevision in the thick of the M&A activity flourishing in its industry, customizing a deal that suits the needs of its reigning family as well as its other constituencies. Yet that distinction currently belongs to Charter Communications (CHTR), Cox Communications and Time Warner Cable (TWC).
By comparison, Cablevision appears so uninterested in dealmaking, so atypically content with the status quo, that on Thursday analyst Yong reversed her position and downgraded the company's stock to "neutral."
Prompting the analyst's uncertainty about cable's most uncertain family? "M&A too tough to call."
-- Written by Richard Morgan in New York