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CVC Plans Sale Of Australia Ticket Agency To Cut Debt: Source - Reuters

DOW JONES NEWSWIRES Private equity firm CVC Capital Partners is planning to sell Australia's largest ticketing agency--an asset of broadcaster Nine Entertainment Co.--in order to reduce debt, Reuters reported Monday on its website, citing an unnamed source. UBS AG (UBS) is advising Nine on a sale process for its events division--which includes sports and entertainment ticketing agency Ticketek and the Allphones Arena at Sydney's Olympic Park--that will start early next month, the report quoted the source as saying. Information will be sent out to potential suitors in the next week or so, and groups including other private equity firms and trade companies have already expressed their interest to Nine, the report added. CVC and UBS declined comment, the report said. Full Story: http://www.reuters.com/article/2012/03/06/nine-entertainment-cvc-idUSL4E8E5AAB20120306

Stock News for Cablevision System (CVC)
DateTimeHeadline
02/27/201518:27:25Ditching Your Smartphone Bill and Going Wi-Fi Only
02/25/201514:09:07Cablevision CEO Plays Down Business Effect of FCC Proposal...
02/25/201509:54:55Cablevision Continues to Lose Subscribers, But Revenue Rises...
02/25/201509:20:06Cablevision Continues to Lose Subscribers, But Revenue Rises
02/17/201516:49:40MARKET SNAPSHOT: S&P 500 Ekes Out Second Record Close This Year
02/17/201514:29:33MARKET SNAPSHOT: S&P 500 Hits Intraday Record As Greek Debt-extension...
02/17/201511:43:35MARKET SNAPSHOT: U.S. Stocks Under Pressure; S&P 500 Off Record...

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