Time Warner Cable (TWC) stock shot up to an all-time high on Friday amid reports that Charter Communications (CHTR) is closer to making a formal acquisition offer and that Comcast (CMCSA) is seeking guidance from regulators on whether it can offer to buy Time Warner Cable under antitrust and ownership rules. Charter, whose biggest shareholder is John Malone-controlled Liberty Media (LMCA), is nearing an agreement with banks to raise funds for a
Pay-TV subscribers fled Time Warner Cable (TWC) during its month-long blackout dispute with CBS (CBS) in August, resulting in the highest quarterly losses ever for any multi-channel video provider. Time Warner Cable lost 304,000 subscribers in Q3, and the top nine U.S. cable companies — which account for the great majority of the market — in all had a net loss of 600,643 subscribers in the quarter, Leichtman Research Group said in a research
Absent a merger between them, pressure will likely mount on Charter Communications and Time Warner Cable to improve financial results amid hefty stock gains in 2013, analysts say. Cable firm Charter’s (CHTR) stock has jumped 68% in 2013 on speculation it will make an acquisition, probably TWC. Charter stock hit an all-time high of 144 on Oct. 30, but has since slipped to 128. Time Warner Cable (TWC) stock is up 25% this year largely on