Cable One To Split From Graham Effective July 1

Cable One will split from parent Graham Holdings effective July 1, when Graham hands out shares of the cable operator's stock to Graham shareholders. Everyone holding a share of Graham stock June 15 will receive a share of Cable One July 1 as part of the spin-off, the media and educational services conglomerate company said in a Thursday news release. Shares in cable company are expected to begin trading on the New York Stock Exchange under the ticker symbol CABO.