The proposed merger of Comcast (CMCSA) and Time Warner Cable (TWC), the nation’s Nos. 1 and 2 cable TV firms, sent shares of would-be suitor Charter Communications (CHTR) down Thursday, as analysts speculated that satellite broadcasters DirecTV (DTV) and Dish Network (DISH) might pursue their own merger — if regulators indeed permit cable consolidation. Comcast, which last year gained full ownership of media giant NBC Universal, offered $45
Comcast (CMCSA) will announce a deal Thursday to buy rival Time Warner Cable (TWC) for about $159 a share, according to several sources Wednesday evening, creating a cable and Internet giant and trumping Charter Communications’ (CHTR) hostile takeover bid. Comcast, the No. 1 U.S. cable operator, would pay 2.875 shares per share of Time Warner Cable, its closest rival, CNBC’s David Faber said in a tweet. At the current price, that would be worth
Time Warner Cable unveiled a three-year turnaround plan on Thursday in what could be a dress rehearsal for a proxy fight with smaller Charter Communications over control of its board. Time Warner Cable (TWC) presented the plan — aimed at reviving residential subscriber growth, expanding business services and controlling costs — after reporting Q4 earnings and revenue that topped estimates, though the company lost 217,000 video customers. Time