Cablevision Cheap cable

Are the Dolans trying to take Cablevision private on the cheap? The family trumpets the fact that their latest offer for the cable group comes at a 15% premium to their first attempt a year ago. But loo-ked at nearly every which way, it still looks lowball. The offer values Cablevision at about 9 times next year’s ebitda, as estimated by Credit Suisse. That’s not just a discount to what Comcast fetches. The Cox family paid about 10 times to take their cable company private two years ago. That m...