Cablevision Buys Bresnan, Expands Operations

Cablevision Systems Corp. has signed a deal to acquire Bresnan Communications, which is majority owned by Providence Equity Partners, in a transaction valued at $1.365 billion. Bresnan, the nation’s thirteenth largest cable provider, owns systems in Colorado, Montana, Wyoming and Utah that pass more than 630,000 homes and serve more than 300,000 subscribers. Bresnan operates an upgraded fiber-optic coaxial network and offers digital television, high-speed Internet and voice. Read more