Malone Supports Possible Cablevision Move for Adelphia

In a busy day for Dr, Malone, the new Cablevision Board member voices support for a speculated move by Cablevision to join LBO star KKR in its bid for Adelphia...while many on Wall Street have contrary opinions and doubt Cabelvision's financial ability to sustain the many deals on its plate (resolving Voom father-son battle, bidding for Manhattan real estate to counter new Jets stadium), Malone sees value in Cablevision adding subs if it can, even if not in direct NY area cluster...

The joint venture between Time Warner and Comcast for Adelphia still leads, but a Cablevision move might make a difference. But with Cablevision experiencing the contest between the Dolans, this doesn't feel like a move Cablevision can handle right now.