Cable investors who listened to Charter's conference call Tuesday afternoon might've been left with the false impression CEO Tom Rutledge walks on water, while the management team at Time Warner Cable has been asleep at the wheel for the last decade.
Charter Communications and Time Warner Cable executives have close ties, and Charter CEO Tom Rutledge is a former president of TWC. But Rutledge isn't appearing to make efforts publicly to woo TWC to accept Charter's offer to acquire TWC.
Hours after Time Warner Cable rejected Charter Communications' $62.3 billion acquisition offer, Charter CEO Tom Rutledge pleaded for TWC shareholders to push the company to accept the offer.
Charter Communications released an offer letter that it sent to acquire Time Warner Cable. TWC called the Charter bid, which would reportedly value the company at $62.3 billion, "grossly inadequate."
During the Consumer Electronics Show, Steve Donohue, editor of FierceCable, sat down with Dish Network President and CEO Joseph Clayton. In addition to talking about Dish's broadband wireless and over-the-top video ambitions, the former Sirius XM chairman offers his thoughts on pay TV consolidation, CES, and 4K Ultra HD TV.
Charter Communications said Monday that it is doubling the speed of its residential high-speed Internet service, and also increasing the speed for its commercial broadband product.
Liberty Media CEO Greg Maffei said Friday that Liberty's bid to take full control of Sirius XM could help it architect a deal that would see Charter Communications acquire Time Warner Cable.
Look for Charter Communications to launch its Charter Spectrum brand of digital video services soon in Missouri and Southern Illinois, after the MSO said Friday that it converted its cable systems in the two markets to its all-digital platform.
Charter Communications said the feed for a CBS affiliate in Hartford, Conn., was restored Wednesday afternoon, hours after it blacked out the feed as a result of a contract dispute.
ABC said that on Monday it will begin restricting access to complete episodes of new TV shows to customers of pay TV providers that it has signed to TV Everywhere authentication deals.