Former Time Warner Cable CTO Jim Chiddix and former Charter Communications and Adelphia Communications CTO Marwan Fawaz are among the 13 executives that Charter has nominated for seats on TWC's board of directors.
Rather than raise its bid to acquire Time Warner Cable, Charter Communications reportedly will nominate 13 new directors for TWC's board of directors this week as it attempts to execute a hostile takeover of the nation's second largest cable MSO.
Time Warner Cable, Comcast and other pay-TV distributors could face tougher negotiations with TV stations in Detroit and Buffalo, N.Y., after Scripps announced Monday that it will acquire stations owned by Granite Broadcasting in the cities.
Ericsson has agreed to buy TV Everywhere technology vendor Azuki Systems, whose customers range from Showtime to Buckeye CableSystem.
Comcast said last week that it bought an equity stake in Enigma, a New York-based startup that has created a platform that makes it easier to search public records.
Charter Communications, which announced last month that it had offered to buy Time Warner Cable for $132.50 per share, is reportedly looking to pressure TWC to accept the bid or risk an attempt by Charter to use a shareholder proxy battle replace its board of directors.
TiVo just dropped $135 million to purchase cloud-based content discovery and recommendation engine Digitalsmiths. The company currently has deals with seven pay-TV providers in the U.S., including Time Warner Cable and Zeebox, and reaches about 64 percent of pay-TV households.
The U.S. is hardly the only place where cable consolidation efforts--spurred at least in part by industry icon John Malone--are happening. In Europe, Malone's Liberty Global is in a battle with Vodafone Group to build continent-dominating pay TV empires.
Hoping to compel Time Warner Cable to accept his acquisition offer, Tom Rutledge, Charter Communications CEO is reportedly preparing for a proxy battle aimed at replacing TWC's board.
20 th Century Fox will own an 80 percent stake in YES Network by the end of the first quarter, under an agreement with the New York Yankees that it announced late Friday.