CablevisionSystems

Cablevision May Spin Off Rainbow Unit

Cablevision Systems Corp. (CVC) is considering spinning off its Rainbow unit, which includes cable channels AMC, Sundance and IFC. The company may spin off the unit to its shareholders as a "tax-free pro-rata distribution," Cablevision said in a statement. The deal would be completed by mid-year 2011.

Contract Dispute Left Millions Without Fox Network Over Weekend

Three million households in the New York area were left without Fox programming this weekend as a contract dispute between Cablevision Systems (CVC) and News Corp. (NWS) rumbled on. Millions of New York sports fans were unable to watch the Phillies play baseball on Saturday night and the Giants play football on Sunday, The New York Times reported.