Cablevision (NYSE: CVC) has named longtime cable industry executive Steve Simmons to its board of directors, expanding the panel to 18 members.
The pay-TV operator announced the move in an 8K filing to the Securities and Exchange Commission, which also revealed the declaration of a quarterly shareholder dividend of 15 cents per share.
Simmons, 68, has served as chairman and CEO of management firm Simmons Patriot Media & Communications since 2002, and he also currently serves as chairman of RCN Telecom Services, Grande Communications and PPR Media, LLC/Choice Communications. Notably, he launched Simmons Communications.
Simmons partnered with private equity firm Specrum Equity in 2002 to buy RCN's New Jersey assets and named the company Patriot Media. He then sold that company to Comcast in 2007. In addition, he served as director of Virgin Media Inc. from 2008 to 2013.
Cablevision will report its second-quarter earnings on August 5.
For more:
- see the Cablevision investor page
Related links:
Cablevision expands New York Wi-Fi footprint with 60 new hotspots
Cablevision launches HD phone service for Optimum subs
Cablevision hires Samsung, Sprint Nextel veteran Packingham