In an investor conference today, billionaire investor John Malone said he is not interested in including Cablevision Systems Corp in his plans to consolidate the cable industry in the US.
Malone, who is also chairman of his holding company Liberty Media Corp, said there is no opportunity for growth in Cablevision simply because almost all pay-TV households had purchased the cable company's services. Malone also added that Cablevision's market, which is in New York, had already been dominated by Verizon Communications Inc through its fiber-optice service FiOs.
Malone said, "Part of the problem is they've done such a good job. FiOS isn't going away. You just have a tough environment there to do a lot better. Consolidation of the entire New York market is a big advertising opportunity that doesn't exist today, but I don't think that's a big enough number to get me really excited."
When asked for a statement about Malone's comments on Cablevision, company spokesman Charlie Schueler refused to provide one.
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