Deal’s Closed – Charter Wraps Up Optimum West Deal
By | July 2, 2013
Charter grew a little bit, with its deal for the former Bresnan systems closing Mon. The $1.6bln deal for Cablevision’s Optimum West assets gives the MSO systems in CO, MT, WY and UT passing more than 660K homes and serving 375K residential and business customers. The systems, which were rebranded from Bresnan to Optimum in ’11 following CVC’s $1.4bln purchase, will be renamed Charter. More on the integration and the continued rumors about Charter making a much bigger expansion.
More top stories in today’s CableFAX Daily:
Cablevision filed an emergency application for a stay with the US Supreme Court, seeking immediate suspension of the National Labor Relations Board’s pursuit of complaints against the company. More on the latest move in Cablevision’s ongoing saga with CWA.
About 2 weeks after Gannett’s $2.2bln acquisition of Belo, Tribune announced its proposed purchase of Local TV Holdings’ 19 stations in 16 markets for $2.73bln in cash. That means the number of Tribune’s stations could nearly double.
Disney/ABC expanded its “Watch ABC” live streaming service to 4 additional markets.