New York, April 29, 2013 — Hughes Hubbard & Reed announced today that the firm represented Cablevision Systems Corporation in its sale of substantially all of the Clearview Cinemas theatres to Bow Tie Cinemas. The sale includes 41 Clearview Cinemas theaters and a total of 177 screens. Cablevision will continue to own New York City’s Ziegfeld Theatre, but Bow Tie Cinemas will manage it on Cablevision’s behalf.
Cablevision Systems Corporation is one of the nation's leading media and telecommunications companies. In addition to delivering its Optimum-branded cable, Internet, and voice offerings throughout the New York area, the company owns and operates cable systems serving homes in four Western states. Cablevision’s local media properties include News 12 Networks, MSG Varsity and Newsday Media Group. Cablevision also owns and operates Clearview Cinemas. Additional information about Cablevision is available on their website.
Hughes Hubbard’s team was led by Deputy Chair of Hughes Hubbard and Co-Chair of the firm’s Corporate Practice, Kenneth A. Lefkowitz, Corporate Counsel Daniel Litowitz and Associates Lindsay Orosz and Julie Hanus.