Tom Rutledge must really like those Bresnan properties. Charter will pay $1.625bln to acquire the systems in CO, MT, WY and UT from Cablevision, just a little over 2 years after it closed on its $1.365bln purchase of the systems (304K video subs; 660K homes). The price tag represents a multiple of 8.9x Optimum West’s (nee Bresnan) 3Q12 adjusted EBITDA and less than 8.0-X Charter’s estimate of Optimum West’s 1st year adjusted EBITDA under Charter. More details on financing and Charter’s last major acquisition here.

More top stories in today’s CableFAX Daily:
Cox has just wrapped up a re-org. Here are the changes.
The FCC spent the day Thurs trying to figure out ways to spread broadband. Comcast’s low-cost broadband adoption program was dissected for lessons learned.
FCC commish Ajit Pai weighed in Thurs on the Tennis Channel-Comcast fight, with a federal court hearing arguments on the case in just a few weeks.

The Daily


Rosenworcel Warns EBB Program Abusers

FCC acting chairwoman Jessica Rosenworcel told any providers that are making it difficult for consumers to sign up for the Emergency Broadband Benefit program to “knock it off” during a press conference

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