Charles Dolan, Cablevision CEO

Cablevision Systems Corp.’s board of directors have been sued by an investor for wrongfully approving “grossly excessive” compensation for Chairman Charles Dolan and members of his family who serve as executives at the fifth-largest U.S. cable company.

The board of Bethpage, N.Y.-based Cablevision, which includes Dolan’s three daughters, approved more than $80 million in pay and benefits for the firm’s founder and his son over the last three years while the company piled up financial losses, according to the plaintiff’s suit.

Charles Dolan founded the cable company in 1973. Although others at the company have taken a larger role managing its day-to-day operations, Charles still won approval of $41 million in compensation for himself over a three-year period beginning in 2010. His son James was awarded $40 million, despite the fact he seems to be losing interest in Cablevision, preferring to devote more time to his rock band – JD & The Straight Shot – where he serves as lead singer, according to the lawsuit.

The plaintiff alleges the compensation packages were excessive and a waste of corporate assets at a time when Wall Street analysts criticized the cable company for underperforming financially.

“The Dolans treat Cablevision as a family coffer, routinely entering transactions with the company that have improperly favored the Dolan family’s interests over the interests of the company and its public stockholders,” said shareholder Gary Livingston, who filed the suit.

What the Dolan family wants, they usually get. The family collectively hold shares that control about 73 percent of the company’s voting rights.

It isn’t the first time the Dolan family — now billionaires — have found themselves in court over compensation issues. In 2008, the company’s top executives agreed to pay more than $24 million to settle shareholder lawsuits accusing them of benefiting from stock option grants that were backdated.

Livingston’s case is an example of “baseless shareholder lawsuits designed simply to enrich the plaintiff and his lawyers,” Charles Schueler, a Cablevision spokesman, told Bloomberg News today in an e-mailed statement.

Comcast is dumping a blizzard of cash on Capitol Hill in a late winter storm of lobbying to win approval of its $45 billion buyout of Time Warner Cable.

Politico reports Comcast’s money is bipartisan, with generous checks going into the campaign coffers of Texas Republican Ted Cruz and Illinois Democrat Dick Durbin. In fact, the news site reports Comcast has donated to almost every member of Congress who has a hand in regulating the cable company.

In fact, the only three members of the Senate Judiciary Committee that have not received a contribution from Comcast are Sens. Al Franken (D-Minn.), Mazie Hirono (D-Hawaii), and Jeff Sessions (R-Ala.)

That Franken did not receive any Comcast cash comes as no surprise after the senator sent his supporters e-mails blistering the merger.

“Comcast reportedly has an army of over 100 lobbyists ready to swarm Capitol Hill and whose goal is to push this through,” Franken wrote. “Their top priority is Comcast’s bottom line — not whether this deal will be good for consumers. There’s also a pretty cozy relationship between Comcast and the regulators that will evaluate this deal, which I find troubling.”

When Politico asked members of Congress whether the generous contributions from the cable giant would influence their thinking about the merger deal, none had any comment.

It’s much the same story in the House of Representatives, according to Politico:

Comcast spreads the cash around.

On the opposite side of the Capitol, the House Judiciary Committee is readying another hearing on Comcast — and many of its members also are familiar with the company’s financial support. Chairman Bob Goodlatte (R-Va.), for example, has received $15,000 this cycle from Comcast, some for his leadership PAC and the rest for his personal campaign.

The House Energy and Commerce Committee and its Senate counterpart so far haven’t scheduled their own reviews of the new Comcast-Time Warner Cable deal. But both panels do regulate Comcast by way of their broad jurisdiction over Internet, cable and telephone issues, and they have been canvassed almost entirely by Comcast contributions. The company has given to 50 of 54 of the House committee’s Democrats and Republicans, donating either to their reelection campaigns or their leadership PACs, according to a POLITICO analysis of campaign finance data from Jan. 1, 2013 to Jan. 31, 2014. And Comcast has donated in some way to 20 of 24 lawmakers on the Senate Commerce, Science and Transportation Committee.

There has been a total of $12,500 in checks for Walden, the leader of the telecom subcommittee, to both his personal coffers and leadership PAC. Comcast also has given $2,500 to Rep. Frank Pallone (D-N.J.), a contender to lead Democrats on the full Energy and Commerce panel following the retirement this year of California Rep. Henry Waxman — another recipient of Comcast support.

Albert Foer, president of the American Antitrust Institute, which opposes the merger, says Comcast’s contributions began long before the merger deal, but that is a well-considered strategy.

It’s “proactive giving,” said Miller, “so that when a corporation needs access in a time of trouble, investigation or oversight, they have already built the quote-unquote relationships they need to soften or make their arguments to a sympathetic audience.”

AT&T says it plans to adopt fiber to the home service in cities around the United States as part of an expansion of its U-verse GigaPower service.

CEO Randall Stephenson told investors at the Morgan Stanley Technology, Telecom, and Media Conference the “cost dynamics” of fiber optics have become “really encouraging” in its targeted fiber deployment in Austin, Tex.

“In fact I would tell you we are so encouraged that we want to begin taking this to other communities [where] we can get the terms and conditions like we have in Austin,” Stephenson said, referring to Austin’s red-tape cutting and clearing the way for fiber upgrades with eased permit requirements and pole attachment policies. “We are redirecting investment to fiber to the home deployment, and in fact we are going to launch the service in Dallas this summer.”

Stephenson added that where U-verse faces significant competition from a “new competitor,” AT&T will be “a little more aggressive and assertive in deploying that technology around the country.”

That most likely means AT&T will choose fiber to the home service in areas facing imminent competition from Google Fiber or another similar provider.

Time Warner Cable telephone customers may find their phone numbers missing from directory assistance records and residential phone books.

This year, the cable company began charging directory publishers for its residential customer listings and some, including Frontier Communications, have refused to pay.

As a result, customers are likely to find their next copy of the White Pages thinner than it used to be.

The usefulness of telephone directories and directory assistance services have both been in decline for years as customers migrate to unlisted cell phones. But the loss of cable phone customers from phone books is a new trend. In the past, cable companies provided the listings for free to most directory publishers as a service to customers who wanted to keep their phone numbers in the directory. But now those listings are a money-maker, only available for sale.

Phil Yawman, Frontier Communications vice president and general manager for the Rochester, N.Y. area — Frontier’s largest urban market — told WXXI News the phone company opted not to buy the listings. 

Time Warner Cable spokesperson Joli Plucknette-Farmen said charging a fee for residential directory listings is accepted by the Federal Communications Commission.

Frontier, like many other phone companies, also no longer provides automatic delivery of residential White Pages listings, although the lucrative Yellow Pages will still appear on customer doorsteps. 

While you wait for Canada’s telecommunications regulator to wake up and realize the country is in the grip of an anti-competitive broadband duopoly, the Canadian Radio-television and Telecommunications Commission is busy making sure Canadian heritage is protected with requirements that adult networks air enough homegrown porn.

In a notice published Wednesday, the CRTC notified Toronto-based AOV Adult Movie Channel, AOV XXX Action Clips and AOV Maleflixxx they were allegedly not in compliance with their license obligating them to feature at least 35 percent Canadian-produced content, at least 90% of it is closed-captioned for the hard of hearing.

Channel Zero, which owns the adult networks, was also cited for similar violations affecting its Movieola and Silver Screen Classics networks.

Canadian reporters asking penetrating questions about how the CRTC exactly monitors compliance of Canadian content requirements on the affected networks went unanswered.

The networks do run a regular series of shorts called “Canadian Quickies” that are inserted throughout the program schedule, which may be their attempt at complying with the content rules.

With the networks apparently not in compliance, the CRTC is accepting public comments on whether the licenses for all the networks should be renewed or canceled. Comments are due by Apr. 4 and the CRTC plans a full hearing on the matter Apr. 28.