Rainbow spin-off will boost Cablevision
At the end of last year,[bitsontherun DgUlZZw6][bitsontherun DgUlZZw6] US cable giant Cablevision announced its plans to spin off its Rainbow Media Holdings programme-making and channel business. The scheme called for a distribution of new stock to existing shareholders and thus makes the move tax efficient. Rainbow’s channels are highly-regarded and include AMC (home of Mad […]