Cablevision Hires Charter CFO

Michael Huseby will shift east starting Aug. 20.

Author:: TSC Staff
Publish date:: Aug 4, 2004 2:57 PM EDT

Cablevision

(CVC)

named Michael Huseby financial chief Wednesday, luring him away from rival

Charter Communications

Charter said Huseby would leave Aug. 20 after working to "ensure the orderly transfer of his responsibilities to a replacement, who is expected to be named shortly."

The move comes after St. Louis-based Charter last week settled a long-running

Securities and Exchange Commission

probe into its accounting. Meanwhile, Cablevision shares rose sharply Monday as investors speculated that the company could be swept up in a round of industry consolidation. Those rumors were set off by a bid by

Cox Communications'

(COX)

controlling shareholder to take the big cable operator private.

In the meantime, Long Island-based Cablevision has become embroiled in a dispute with

Time Warner

(TWX)

over fees for sports programming.

On Wednesday, Charter rose 9 cents to $3.20 and Cablevision dropped 66 cents to $18.19.