Tag Archives: chtr

Charter Eyes Bright House Deal; Comcast CFO Leaving

Charter Communications (CHTR) is reportedly nearing a deal to acquire Bright House Networks, while Comcast says its CFO will leave to head an investment startup. Both developments come ahead of Comcast’s (CMCSA) bid for regulatory approval of its acquisition of Time Warner Cable (TWC), which would unite the two largest cable TV companies. Charter stock gapped up 6.5% in early trading in the stock market today, flirting with its all-time high of

Comcast Downgraded On Tougher Regulatory Outlook

Comcast’s (CMCSA) proposed merger with Time Warner Cable could be shot down by federal regulators, says MoffettNathanson, which downgraded both stocks to neutral on Tuesday on expectations that cable TV companies face tougher regulation from the Obama administration. Besides downgraded Comcast and Time Warner Cable (TWC), analyst Craig Moffett also downgraded Charter Communications (CHTR) to neutral from buy. The proposed Comcast-Time Warner Cable

Cisco Systems Cloud Platform Catching On Cable TV

Cisco Systems’ (CSCO) cloud-based technology is gaining momentum among cable TV customers, says UBS Investment Bank. “We believe an accelerated shift to the cloud is a positive for Cisco, potentially at the expense of Arris (ARRS),” said UBS analyst Amitabh Passi in a research report. Two of Cisco’s customers are U.S.-based Charter Communications (CHTR) and Germany’s Kabel Deutschland, acquired in 2013 by Vodafone Group (VOD). “Cisco is supplying