This just adds more fuel to the fire for investors, who are wary about the unpredictability of governance at Cablevision. The main thing people want to find out is, if the dividend is off the table, then what comes next?

The company's governance remains highly unpredictable.

Ethanol's not an ideal fuel.

Despite the best efforts of the F.C.C. to create competition, after the bubble burst, there weren't any competitive alternative to the Bells. Now that the cable operators are able to offer voice service to complement their high-speed data, commercial services are a cherry waiting to be picked.

The phone companies are in the awkward position of initiating a service in an already mature market with a disadvantaged cost structure, ... And on top of that, they have to offer the service at a discounted price just to compete. It's a hard strategy to sustain long-term.

Cablevision is now definitely taking back share from satellite TV.