News that Luxembourg-based telecom conglomerate Altice SA is buying Suddenlink Communications helped spike Cablevision shares as high as 18 percent Wednesday, with analysts and investors speculating that the Bethpage, N.Y., MSO could be next in line for acquisition.
Cox Communications has no plans to merge with or buy T-Mobile US, or rival MSOs for that matter, Cox President Pat Esser said. Reuters had recently reported that French mobile and Internet firm Iliad was working with Dish Network, Cox, Charter Communications and others to improve its $15 billion offer for 56.6 percent of T-Mobile, which T-Mobile has deemed too low.
Cablevision Systems reported second quarter revenue growth of 3.7 percent to $1.6 billion, and a 29.4 percent growth in consolidated operating income to $255.9 million, both beating the consensus projections of investors.
The National Labor Relations Board (NLRB) said this week it will issue a federal complaint against Cablevision for allegedly using illegal intimidation, harassment and bribery in efforts to stop Bronx-based employees of the cable TV operator for pursuing unionization activities.
Connecticut State Senator Gayle Slossberg (D-Milford) is fighting for her constituents' rights to watch football and baseball on TV by asking the FCC to intervene in the Cablevision-Tribune spat.
Several news outlets have reported in the last few days that Cablevision Systems is exploring the possible sale of Bresnan Broadband Holdings, a cable TV and broadband provider in the Northwest United States that Cablevision acquired just over two years ago.
Cablevision's Optimum has added an array of CBS network shows to its free on-demand TV offering, an announcement that comes just after the cable TV operators signed a new retransmission deal with the broadcaster.
NFL Network has made progress getting its NFL Network and NFL RedZone channels on more cable TV systems. However, one last group of customers from a major operator remains unable to access the NFL channels.
Cablevision alleged that the Tribune Co., which is attempting to emerge from bankruptcy, is trying to hike fees to feed its institutional investors.
The investment community appears to believe that things are finally turning around for Charter Communications, the St. Louis, Mo.-based cable TV company that has had both moments of strength and ongoing struggles since exiting from Chapter 11 bankruptcy protection more than two and a half years ago.