Altice USA Inc has reached a nearly $72 million settlement to resolve New York State claims that the phone and cable TV provider failed to adequately prepare for or respond to Tropical Storm Isaias in August, when more than 439,000 customers lost service.
“An overwhelming majority of Americans believe that their private information should be just that—private—and not for sale without their knowledge."
Weeks after Altice USA bought Cablevision for billions of dollars, Patrick Dolan, with an assist from his father Charles, are the majority owners of a new entity that includes Newsday and News 12 Long Island.
New York Public Service Commission's approval clears the last remaining hurdle from the European-based Altice media giant's bid to acquire the cable company. As for what the purchase portends for the future of Newsday and News 12 Long Island, Altice was mum.
If the $17.7 billion deal goes through as expected, the European-based company could become the fourth largest cable provider in the U.S. What the future holds for Newsday and News 12 Long Island remains unclear.