In another development concerning Cablevision, officials confirmed Tuesday that members of the Cablevision board have instructed management to “take all actions necessary or desirable” to boost the company’s stock price and to increase potential returns to investors. Outlined by Cablevision CEO James Dolan, the initiative comes on the heels of Cablevision’s $650 million acquisition of Newsday, an independent newspaper based in Long Island. Cablevision is the fourth largest cable operator in the U.S. and enjoys a strong presence in New York and in adjacent northeast markets. In addition to holding a range of content assets that include the Rainbow Network and the American Movie Channel, Cablevision also owns Madison Square Garden and two professional sports teams—the New York Knicks and New York Rangers. According to Dolan, moves under consideration by the company include the repurchasing of stock, the institution of dividends, and “the spin-off of one or more businesses and other potential strategies.” By enacting such a plan, Cablevision would follow in the footsteps of Comcast (which reinstated dividends in February) and Time Warner Cable, which intends to pay out $10.9 billion in dividends as part of its spin-off from parent Time Warner. Calling Cablevision “a treasure trove of hidden assets,” one analyst predicted: “there is a potential goldmine there if they start selling them.”