Ides of March for Rainbow
Cablevision Systems Corp. has set the record date for its Rainbow Media Group
Shareholders as of March 15 will receive one share of Rainbow for every two
shares of Cablevision they own. The MSO said in a prepared statement that it
expects to distribute the stock March 29.
Cablevision said it anticipates that Rainbow shares will trade on the New
York Stock Exchange under the symbol 'RMG.'
The smarter way to stay on top of the multichannel video marketplace. Sign up below.