Cablevision Systems is now the cheapest US cable or satellite-television provider for potential acquirers from Time Warner Cable to Comcast following the resignation of its COO.

After COO Tom Rutledge stepped down last month, Cablevision shares tumbled to the lowest level relative to free cash flow since April 2009, making it less expensive than any rival with a market cap greater than $1 billion, according to Bloomberg. The company’s controlling shareholder, the Dolan family, would ask more than $23 a share, said Albert Fried & Co. CVC closed up 3.94 percent to $14.78 yesterday.