Optimum cable owner Altice okayed pay raises for execs while refusing to refund subscribers for MSG blackout

Source: New York Post

Optimum handed out fat raises to top executives during its bitter contract battle with James Dolan’s MSG Networks — while refusing to offer refunds despite Knicks and Rangers games being blacked out since the start of the year. Dennis Matthew, the CEO of Optimum’s parent company Altice USA, got a bump to $1. 55 million a year from $1 million, while Chief Financial Officer Marc Sirota’s base salary jumped to $650,000 from $500,000, according to documents filed with the Securities and Exchange Commission last week.