Nov. 25, 2013, 1:59 AM
- Comcast (CMCSA) and Charter (CHTR) have reportedly discussed breaking up Time Warner Cable (TWC) in any joint bid for the company in order to overcome antitrust objections to a deal.
- The transaction would resemble Comcast's and Time Warner's acquisition of Adelphia Communications in 2006, when Comcast gained 1.7M customers and Time Warner 3.3M.
- A break-up of Time Warner would also make it easier for Charter to gain financing, given that it's much smaller than Time Warner.
- Meanwhile, the NYT carries a profile of John Malone, whose Liberty Media (LMCA) owns 27% of Charter. The article reports that Time Warner Cable has contacted Comcast about a possible transaction, leading to early talks.
Nov. 22, 2013, 2:46 AM
- Charter Communications (CHTR) is reportedly close to a deal with banks to borrow money to fund a cash and stock offer for Time Warner Cable (TWC).
- Other sources of financing could include sovereign wealth funds and wealthy individuals,
- Charter's largest shareholder, Liberty Media (LMCA), could provide investment in order keep its stake in Charter at or above 25% in the event the latter issued stock to help pay for the purchase. Liberty owns 27% at the moment.
- However, a deal remains a tall order. Time Warner has reacted negatively, while its market cap of $34.45B dwarfs Charter's $13.2B.
Nov. 5, 2013, 9:08 AM
Oct. 10, 2013, 3:25 PM
- Media stocks outperform the broad market with comments from Liberty Media's (LMCA +2.5%) John Malone on the monetization possibilities in the industry not hurting the festive mood one little bit.
- If Malone is to be believed, new forms of content distribution will lead to riches across the sector.
- Advancers: Time Warner Cable (TWC) +5.6%, Charter Communications (CHTR) +3.9%, CenturyLink (CTL) +3.3%, CBS (CBS) +3.9%, Netflix (NFLX) +5.5%.
- Liberty Media Analyst Day webcast
- Related ETFS: PBS
Oct. 10, 2013, 1:40 PM
- Liberty Media's (LMCA +2.6%) John Malone thinks a joint effort by cable operators (CVC, CHTR, TWC) could help monetize the concept known as TV Everywhere.
- The exec sees a syndicated product from the sector that would help create leverage to keep programming costs lower and make it easier to compete with Netflix.
- Comcast (CMCSA +1.8%) might already be a step ahead with its Viper project. The product could eventually be used to syndicate Xfinity programming to Pay-TV customers nationally.
Oct. 10, 2013, 8:26 AM| Comment!
Oct. 10, 2013, 7:00 AM
Sep. 24, 2013, 11:32 AM
- Nissan (NSANY.OB) announces that Apple iTunes Radio will be offered in several new 2014 models to mark the first major deal for the service with an automaker.
- Though the news isn't likely to move the meter on Apple too much, it could have some impact on Sirius XM radio (SIRI, LMCA) which would just as soon have deals with all the large automakers locked up.
Sep. 12, 2013, 1:39 PM
- Barnes & Noble (BKS -1.4%) Chairman Leonard Riggio is easily re-elected but doesn't give investors much of an idea on where the company's digital strategy is heading.
- Things got a little testy during the open mike Q&A with investors when Leonard Riggio was asked why he didn't buy the company's retail stores. Riggio cut the inquiries short by saying he didn't have to explain his rationale.
- "Look, no one is happy with Nook," said Liberty Media's (LMCA) Gregory Maffei. His firm holds 17% of BKS, but his sentiment is probably echoed by a majority of shareholders.
Aug. 29, 2013, 11:10 AM
- A lawyer for a group of shareholders is making the claim that John Malone of Liberty Media (LMCA +0.6%) improperly used a $530M investment to land control of Sirius XM Radio (SIRI +0.8%).
- The case in a nutshell: "Malone wanted to enjoy all the economic benefits of being a controlling shareholder without having any of the responsibilities."
Aug. 28, 2013, 12:29 PM
Jul. 19, 2013, 3:37 AMCharter Communications (CHTR) is reportedly working with Goldman Sachs to acquire Time Warner Cable (TWC) in a move that's part of an attempt by John Malone, whose Liberty Media (LMCA) owns 27% in Charter, to rebuild his U.S. cable empire. Buying TWC, which rebuffed Malone's maneuvering earlier this year, would be a stretch for Charter, due to its high debt and its market cap of$12.6B vs TWC's $33.14B. Notwithstanding, TWC shares jumped 8% in AH trading. | Comment!
Jul. 8, 2013, 12:01 PM
Jul. 1, 2013, 12:55 PMWunderlich thinks Cablevision (CVC +9%) is worth at least $25 per share in a potential acquisition by Liberty Media (LMCA +0.4%) or Time Warner Cable (TWC -1%). The investment firm thinks the large stake held by the Dolan family tip the scales in the favor of Liberty Media if a bidding war breaks out. | Comment!
Jun. 30, 2013, 1:50 AMTime Warner Cable (TWC) has reportedly contacted Cablevision (CVC) and Cox Cable about buying them as TWC looks to grow through acquisitions rather than be bought by John Malone's Liberty Media (LMCA), which owns 27% of Charter Communications (CHTR). While talks with Cox and Cablevision haven't led too far, the latter's founder and Chairman, 86-year Chuck Dolan, could be ready to sell. As for Liberty, TWC believes a tie-up for Charter would add too much debt and it is skeptical about prospective synergies. | 4 Comments
Jun. 27, 2013, 2:26 PMMore on Liberty Media's hunt for Time Warner Cable: (previous): A bid to purchase the cable operator is being structured by John Malone's company even though Time Warner Cable (TWC +4.2%) hasn't indicated serious interest. Analysts see Time Warner Cable wanting at least a 20% premium before it warms up to the notion. The end game for Liberty Media (LMCA +2.4%) is to increase its scale through horizontal acquisitions which could be achieved bringing Charter Communications and TWC under the same corporate umbrella. | Comment!
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