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Dolan: Cablevision Is Not For Sale

What a difference a month makes. Cablevision CEO James Dolan said Thursday that he doesn't expect to sell his firm's cable networks amid current market conditions. A month ago, when deals with better price tags were relatively easier to finance, he thought offloading networks was a good possibility.

Asked by investors if his family could try again to take Cablevision private, Dolan said, "I would never rule it out, but it's not really on our radar."

Cablevision's top priority amid the market turmoil is to manage the company's $1.7 billion in debt. Dolan said current credit facilities and free-cash-flow trends make him comfortable with Cablevision's debt situation. "We wouldn't have to tap credit markets." Had the company gone private, it would have much more debt now, which is "not the best position to be in today," he said.

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