Time Warner Cable (TWC) early Thursday reported Q4 earnings that topped views and unveiled a three-year plan aimed at reviving residential subscriber growth, expanding business services and controlling costs amid Charter Communications’ (CHTR) hostile takeover bid. Time Warner Cable was up nearly 1% in early trading in the stock market today. TWC, which has rebuffed Charter’s merger offer, earlier this month pre-announced that it lost 217,000
Comcast (CMCSA) reports Q4 earnings before the open Tuesday, and the cable TV leader might tip its hand on whether it aims to purchase assets of Time Warner Cable (TWC) if Charter Communications (CHTR) hostile takeover bid for that company succeeds, analysts say. The size of Comcast’s cash return to shareholders in 2014 might signal its plans, some analysts say. Comcast announced a 20% dividend hike last year as well as a $2 billion stock buyback
Time Warner Cable (TWC) rebuffed a takeover bid by smaller Charter Communications (CHTR) as speculation centered on whether Comcast (CMCSA) could become involved or if a proxy fight over control of TWC board looms. Time Warner Cable stock was up 2% in early trading in the stock market today, near 135. Charter stock was up nearly 1% while Comcast stock was up a fraction. Bloomberg reported that Charter’s “bear hug” offer late Monday was for $132.50