February 24, 2005 -- Cablevision is expected to put its valuable cable systems up for sale later this year, sources told The Post.
The decision is not surprising, given the rampant speculation on Wall Street of late that the company is headed for a breakup.
Cablevision stock soared 8 percent yesterday, closing at $30.30, up $2.25 per share.
The most likely scenario is that Cablevision waits until the auction for bankrupt cable operator Adelphia is complete before putting its systems which serve some 3 million area homes up for sale.
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