Cable ONE spins off into a separate company
DetailsMichelle Clancy | 07 July 2015
Graham Holdings has completed the previously announced spin-off of Cable ONE.
One share of Cable ONE common stock was distributed for every share of class A and class B common stock of Graham Holdings outstanding on the 15 June record date. Cable ONE is now trading on the New York Stock Exchange under the ticker symbol CABO.
"Cable ONE is extremely well positioned as an independent company to continue its tradition of excellent returns for its shareholders, rewarding careers for its associates and unusually high satisfaction for its customers," said Thomas Might, president and CEO of Cable ONE.
Donald Graham, chairman and CEO of Graham Holdings, said: "Cable ONE, which Katharine Graham called her best acquisition ever, has been centrally important to Graham Holdings for 30 years. And, Tom Might and much of his able management team have been part of the place even longer. We all believe Cable ONE will have an impressive future."