Optimum TV
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Altice USA (at time of photo Cablevision) headquarters at the former Grumman campus in Bethpage, New York.
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| Subsidiary | |
| Industry |
Telecommunications Mass media |
| Founded | 1973 (as CableVision) 1989 (as Cablevision Systems Corporation) 2015 (Altice buyout) |
| Founder | Charles F. Dolan and John Totta |
| Headquarters | Bethpage, New York, U.S. |
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Key people
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Dexter Goei (Chairman and Chief Executive Officer) Charles F. Stewart (Co-President and Chief Financial Officer) Hakim Boubazine (Co-President and Chief Operating Officer) |
| Products |
Cable (Internet) (VoIP Phone) (Business) |
| Services | Optimum TV (Television) Optimum Online (Internet) Optimum Voice (VoIP Phone) Lightpath (Business) News 12 News 12 Varsity |
| Revenue |
 $6.461 billion (2014)
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$921.25 million (2014)
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 $311.44 million (2014)
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| Total assets |
$6.765 billion (2014)
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| Total equity |
−$5.041 billion (2014)
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| Owner | Altice NV |
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Number of employees
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13,656 (Sept 2015) |
| Divisions | Telecommunications Services |
| Subsidiaries |
Newsday, LLC: 25% Suddenlink Communications |
| Website | www |
Altice USA (formerly Cablevision) is a subsidiary of Altice NV, and an American cable television provider/multiple system operator with systems serving areas surrounding New York City, and in 16 other states through currently independent subsidiary Suddenlink Communications. Excluding Suddenlink, Altice USA is the fifth-largest cable provider and ninth-largest television provider in the United States, with most customers residing in New York, New Jersey, Connecticut, and parts of Pennsylvania. Altice USA also offers high-speed Internet connections (Optimum Online), digital cable (Optimum TV), and Voice over IP (Optimum Voice) phone service (the eighth-largest telephone provider in the U.S.) through its Optimum brand name; as well as fiber-optic business class data and voice services across the New York area under the Lightpath brand. Altice USA is the successor to Cablevision Systems Corporation, founded by Charles Dolan.
On September 17, 2015, Netherlands-based Altice NV announced its intention to acquire Cablevision from the Dolan family for $17.7 billion. Altice has committed to reduce Cablevision's annual operating budget by $900,000,00 and have already begun layoffs in large numbers.
The new owner of Cablevision and its Optimum service is closing call center and customer support operations in Shelton and Stratford, at a cost of some 600 jobs. They are also planning on moving the News 12 studios in June 2017.
"I don't like to pay salaries," Drahi said, according to reports. "I pay as little as I can ... No one in our company is making more than a couple hundred thousand [dollars] a year." The deal was approved by the FCC on May 3, 2016 and after approval from various regional regulators such as New Jersey's Board of Public Utilities and the New York Public Service Commission, closed on June 21, 2016. Under the terms of the deal, Altice paid $34.90 in cash for each share in Cablevision and a 22% premium to the company's stock price; Altice also assumed Cablevision's debt. The Cablevision name has been retired, and the company is now known as Altice USA, with Optimum remaining the customer facing brand of the company.
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Wikipedia