The Corduroy Crew is calling on the FCC to put off any mergers by cable’s 2 largest MSOs—Comcast [CMCSA] and Time Warner [TWX]—until it settles on new cable horizontal ownership rules. The rules, struck down by a federal court 3 years ago, limited a cable company to 30% of all pay TV subs (Comcast was at 28.9% last month, according to a recent FCC filing). Much to the Crew’s dismay, the FCC has not adopted new rules. The consumer groups’ letter to the FCC Fri was spurred by Adelphia’s announcement that it would contemplate a sale.

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New Street Drops Altice USA to ‘Neutral’

New Street Research is downgrading Altice USA to “Neutral” after a warning from CEO Dexter Goei that the provider would lose subs in 3Q21. “The stock is too cheap, even with 12-18 months pause in share

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