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Digest: Cablevision dips; Profit up at M6


March 04, 2008 Cablevision Systems shares were among the biggest decliners on The Hollywood Reporter's Showbiz 50 stock index Monday after Pali Research analyst Richard Greenfield downgraded the stock from "buy" to "sell." Greenfield argued that the controlling Dolan family seems no longer to be looking for a sale of the cable operator, but instead be eyeing more live entertainment venues. French commercial TV broadcaster M6 posted a 5.9% increase in 2007 operating profit driven by its flagship M6 channel, but its net profit fell 58.7% compared with 2006 when it had a big one-time gain.

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