A month after Rocco Commisso sweetened his offer to take Mediacom private for $8.75 per share, a law firm that specializes in class-action litigation sued Mediacom and its board. Levi & Lorskinsky LLP accused the MSO of issuing "materially false or misleading statements regarding the proposed acquisition," but the firm is still shopping for a lead plaintiff. (See CEO Offers $600M for Mediacom.)
ESPN is picking up interactive TV and 3D technology, and the engineers that know how to use it, through a deal to buy PVI Virtual Media Services from Cablevision Systems Corp. (NYSE: CVC). Some of PVI’s technology was sold separately to an unidentified third party, Multichannel News reports .