As expected, Cablevision Systems Corp. shareholders approved the creation and
distribution of a tracking stock for its Rainbow Media Group national
programming holdings Friday.
RMG includes American Movie Classics, Bravo, WE: Women's Entertainment, The
Independent Film Channel, MuchMusic USA and interests in several regional sports
The Rainbow tracker will likely be distributed to shareholders at a ratio of
one share of RMG for every two Cablevision shares.