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Cablevision Explores Sale of Bresnan

Cablevision Systems Corp. is exploring a potential sale of Bresnan Broadband Holdings LLC, a cable operator it bought for $1.4 billion less than two years ago, people familiar with the matter said.

The fifth-largest U.S. cable operator by subscribers is laying the groundwork for a sale of Bresnan, which provides television, high-speed Internet and other communication services to roughly 360,000 customers in Western U.S., including Montana, Colorado, Wyoming and Utah, these people said.

A formal auction of Bresnan is unlikely; rather, Cablevision is expected to reach out to a few parties such as Charter Communications Inc. and private-equity firms, the people said. It is unclear how much Cablevision expects to fetch for Bresnan, and whether a sale will happen.

By ANUPREETA DAS, DANA CIMILLUCA and SHALINI RAMACHANDRAN

Full Story: http://online.wsj.com/article/SB10000872396390443749204578053060017915562.html

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