Suddenlink Communications has signed a definitive agreement to acquire NPG Cable and its subsidiaries from News?Press & Gazette Co. for approximately $350 million, subject to customary working-capital closing adjustments. Suddenlink expects to close the acquisition in the first quarter of 2011 and currently has sufficient existing liquidity sources to fund the transaction.

NPG’s cable systems serve approximately 83,000 customers, representing approximately 210,000 revenue generating units or RGUs, with operations in St. Joseph, Mo.; Mammoth Lakes, Calif.; and several, clustered Arizona communities, including Flagstaff and Sedona, Lake Havasu and Kingman.

Suddenlink has operations in Maryville, Mo., and Bishop, Calif., which are proximate to NPG’s cable systems in St. Joseph and Mammoth Lakes, respectively. Suddenlink officials said there is an opportunity to interconnect those properties after the acquisition closes.

The Daily

Subscribe

Programming

AVOD Fox Weather is presenting live coverage of the nor’easter set to hit the east coast this weekend. It’s coverage begins Saturday at 5am ET, and Fox News Channel will simulcast the coverage. Fox

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jan 28
Cablefax 100 – 2022 Nominations Due: January 28, 2022
Mar 11
The FAXIES 2022 Entry Deadline: March 11
Apr 1
Cablefax Top Ops – 2022Nominations Due: April 1, 2022
Jun 3
The Diversity List – 2022Nomination Deadline: June 3
Aug 12
Most Powerful Women – 2022Nominations Due: August 12
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.