As global markets reel from a brutal selloff and a subsequent rally, the cable and media industry has been battling a home-grown rout of its own.» Read More
June 26- Charter Communications Inc formally argued for regulatory approval for its Time Warner Cable Inc and Bright House Networks deals, saying consumers would benefit as Internet services would become cheaper and faster. Charter said in a filing with the Federal Communications Commission on Thursday that it would not block or suppress Internet traffic...
Washington Gov. Jay Inslee gives his take on why companies like Alibaba, HBO and Apple have set up shop in his state.
NEW YORK/ WASHINGTON, June 22- U.S. health insurer Anthem Inc on Monday dismissed concerns that buying smaller competitor Cigna Corp would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny. Besides the possible Anthem deal, Humana Inc is considering a sale, possibly to Cigna or Aetna Inc, a source...
Roberts, who set up Comcast after he bought a small cable television operator in Tupelo, Mississippi in 1963, died of natural causes in Philadelphia, Comcast said in a statement. He led Comcast from its humble beginnings to a $150 billion media conglomerate. Roberts, who was chairman emeritus of Comcast's board, had spent more than five decades at the company.
Roberts, who served as the company's chairman emeritus, founded Comcast when he bought a small cable system in Mississippi in 1963.
NEW YORK/ FRANKFURT, June 17- U.S. cable company Comcast Corp is not interested in buying wireless carrier T-Mobile US, a person familiar with the situation said on Wednesday. Manager Magazin of Germany, citing sources, had said earlier that the largest U.S. cable operator was in talks with T-Mobile US parent Deutsche Telekom AG about buying the No. 4 U.S. wireless...
PARIS, June 11- Alcatel-Lucent Chief Executive Michel Combes will leave the group that he is selling to Nokia on July 15 and join billionaire Patrick Drahi's Altice holding company from September, Challenges magazine reported. Combes will in particular be responsible for the development of telecoms group Altice in Europe, the French magazine reported.
So far this year, 27 global M&A deals with a value greater than $10 billion were announced, a record pace for mega-dealmaking.
Dish Network is in talks to merge with T-Mobile US, though the purchase price has not been agreed upon, the Wall Street Journal reported.
These customers are not happy, according to a survey.
June 1- Time Warner Cable Inc said Chief Financial Officer Arthur Minson would step down effective immediately, less than a week after Charter Communications Inc agreed to buy the company for $56 billion. Minson, popularly known as "Artie," was a deputy chief financial officer at Time Warner Cable from 2007 to 2009. He returned to the company in 2013 after a stint at...
Companies finally may be getting the message that it's better to invest in the future.
June 1- Time Warner Cable Inc said Chief Financial Officer Arthur Minson would step down effective immediately, less than a week after Charter Communications Inc agreed to buy the company for $56 billion. Chief Accounting Officer William Osbourn Jr and Treasurer Matthew Siegel will be acting co-CFOs. Minson will join privately held WeWork as president and...
Even though the latest GDP report showed a contraction in the economy, the Fed may have to raise rates, analysts says.
Dealmaking in the U.S. has made its strongest start to a year since Reuters records began in 1980, climbing 52 percent year on year.
Jim Cramer’s got the top pick for protection services in today’s digital world in the "Mad Money" recap.
Jim Cramer sees nothing but merger mania right now! But is this just market froth, or is the bull just starting to run in your portfolio?
A combined Charter/Time Warner Cable would be close to Comcast's size in customers, but much larger in territory.
NEW YORK, May 27- Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry. Internet and cable company after Comcast Corp. Charter's top shareholder John Malone, a cable industry pioneer, is on...
Former Federal Communications Commission Chair Julius Genachowski said on Wednesday that the agency's job is to ensure certainty in the market.