Tag Archives: twc

Comcast To Sell, Spin Off Subscribers In Charter Deal

Cable TV leader Comcast (CMCSA) will sell, swap, and spin off subscribers in a complex deal with Charter Communications (CHTR) that would make Charter the No. 2 cable TV firm. The moves are designed to ease some regulatory hurdles to Comcast’s proposed acquisition of Time Warner Cable (TWC), which is now the No. 2 cable firm. The Comcast-Charter transaction is valued at about $20 billion. Comcast in mid-February agreed to buy Time Warner Cable in

Comcast Posts Better NBCU Results, Q1 Video Adds

Comcast (CMCSA) early Tuesday said it added video customers for the second straight quarter, as Q1 earnings minus items rose 33% on revenue growth of 14%. Comcast stock was up 2% in early trading in the stock market today, near 51. Comcast, which is seeking regulatory approval to acquire Time Warner Cable (TWC) in an all-stock deal, said it earned 68 cents per share in Q1 excluding items, in line with analyst estimates. “Better NBCU results drove

Comcast Merger Case: Rising Online Video Competition

In a regulatory filing that makes a case for approval of its acquisition of Time Warner Cable (TWC), Comcast (CMCSA) says it is facing stiff competition from Internet video services and phone companies, with Verizon Communications (VZ) poised to launch online and wireless video products. “An array of sophisticated companies with national or even global footprints offer stiff competition for all or key components of Comcast’s and TWC’s businesses,”