It’s Squib Saturday. Time to share the best, most interesting (or most entertaining, or most outrageous) tidbit of information I’ve gleaned from all the stuff I’ve read this week. Today: Quelle Horreur! My Internet and Cable Tv Company Was Bought by the French. This is What Happened Next
I was too wrapped up in Election 2016 to pay much attention to a nugget of local news, namely that Altice, a European telecom corporation, snapped up Cablevision, my cable tv and internet provider in July for $17.7 billion. So, while I knew the company and its service arm Optimum had been sold, I had no details about the deal.
Monsieur Cheapskate
For example, I had no idea that Altice owner, French billionaire Patrick Drahi, is apparently a bit of a “hard-nosed cheapskate,” and has reportedly stated on the record: “I don’t like to pay salaries.” Nor did I know that he had started laying off (the highest paid) employees and introducing draconian cost-cutting measures as soon as the deal for Cablevision was signed. Continue reading “News Squib#9- Are You Stupid, Cablevision ? Or Is It Moi?”