Sure, a Charter-Time Warner Cable merger may seem like a long shot, but one thing the cable industry knows well: when it comes to Dr John Malone, expect the unexpected. “Despite potential financing and regulatory challenges, a potential tie-up of the 2nd and 4th largest US cable providers seems to us far less inconceivable in current dispensation—with Malone’s apparently high regard for Charter CEO Tom Rutledge, while TWC’s CEO Glenn Britt nears end of his term,” said S&P, which is keeping its “buy” on TWC. Here’s how the market responded to a possible deal and why the industry is buzzing about Malone’s potential return to the industry.
More top stories in today’s CableFAX Daily:
FCC acting chair Mignon Clyburn proved she isn’t just sitting around and waiting for chmn nominee Tom Wheeler, whose confirmation could come in the fall (Cfax 6/20), to take over. Here’s what Clyburn tackled at her 1st commission open meeting as FCC chair.
Starz received notice from NASDAQ Wed that it is no longer in compliance with rules regarding the makeup of its board and audit committee.
Time Warner Cable will add 1700 public WiFi hotspots in Manhattan by mid-July and up to 10K across NYC by year-end.