Private Equity Hot for Cable

A good look at how cable ops are currently viewed as "hot" among private equity investors...also speaks to how regional clusters have become the driving force in MSO economics...It may be one of those circle games in cable...many early cable companies started as privately held companies and didn't look to the public markets for equity (and, of course, ownership) until pressed by needs for cash to buy and modernize....except for the likely sale of Adelphia, cable consolidation is mostly over and now its optimizing cash flow from offering newservices in exisiting and upgraded cable clusters....