Charter Communications may have failed to "bag the elephant" when its coveted acquisition target, Time Warner Cable, agreed to Comcast's $45.2 billion merger proposal, but it's doing just fine as a stand-alone company.
In trying to acquire DirecTV for $49 billion, AT&T perhaps deliberately has opened itself up for the same level of criticism and scrutiny as Comcast in its ongoing quest to acquire Time Warner Cable for $45.2 billion.
Former Insight Communications CEO Michael Willner will serve as chief executive of the new cable company to be owned by Comcast and Charter Communications following Comcast's merger with Time Warner Cable.
The cable industry's eyes now turn to Los Angeles, which will host The Cable Show 2014, the National Cable & Telecommunications Association's annual trade show, at the Los Angeles Convention Center from April 29-May 1. FierceCable will be on hand covering the events, keynotes and panels as they happen. Check here regularly for updates from Fierce Editor-in-Chief Sue Marek and correspondent Craig Kuhl. To stay on top of all of the news, check here throughout the week at our Cable Show special report page.
Charter Communications is reportedly in line to get 1.5 million Comcast subscribers and a stake in a newly formed company that Comcast would spin off if it acquires Time Warner Cable.
New Charter Communications SVP of Video Products Gary Schanman will see several familiar faces at his new job, as he is one of at least six Cablevision veterans to join CEO Tom Rutledge at the MSO.
Comcast might not be able to close the Time Warner Cable acquisition until the end of 2015, and even if it succeeds, the value of Comcast stock may be "reduced and uncertain," Charter Communications said in a proxy statement aimed at convincing TWC investors to reject the Comcast offer.
Time Warner Cable executives jettisoned by a Comcast takeover could end up running their own cable company serving former TWC subscribers that Comcast has to sell off in order to comply with regulatory requirements should the merger go through.
Time Warner Cable will ask TWC shareholders to approve "golden parachute compensation payments that will or may be paid to TWC executives as a result of its plan to merge with the nation's largest cable MSO," according to a Securities and Exchange Commission filing.
Cable operator Charter Communications is eyeing opportunities to offer a wireless broadband service over the next five years that would rely on both unlicensed spectrum such as Wi-Fi and licensed spectrum that the company might purchase.