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

Subscribe

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

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

Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
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.