Cebridge closed on its purchase of several Cox systems representing 940K subs. The sale includes systems in W TX, NC and much of Cox’s "Middle America" systems in TX, LA and AR. Final terms weren’t disclosed, but the initial agreement had Cebridge paying $2.55bln ($2713/sub). The deal places Jerry Kent’s Cebridge (soon to be renamed SuddenLink) in the ranks of the 10 largest MSOs. Citigroup, Lehman Bros, Daniels and JP Morgan advised Cox. Goldman Sachs was financial adviser for Cebridge.

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Monday–July 13

Cable Nets Caught in PSKY-WBD Fight

A long-expected storm made landfall Monday when a coalition of 12 state attorneys general, led by California AG Rob Bonta, sued to block the $110 billion merger of Paramount Skydance and Warner Bros. Discovery.

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