Because there's strong financial merit to the merger of Time Warner Cable and Charter, and the combined management team will be supported by stock investors, CEO Time Warner Cable Rob Marcus has good reason to accept a rising proportion of stock to Charter's initial offer.
You shouldn’t be surprised by multiple reports this afternoon that Charter Communications is beginning to craft a bid for Time Warner Cable now that Comcast has left it at the altar. “Obviously, we’d be interested,” Charter CEO Tom Rutledge told analysts in February when asked whether he’d step up if the Comcast’s $45 billion deal collapsed. Show More Summary
Amid objections from the Justice Department and the FCC, Comcast dropped its $45.2 billion deal to buy Time Warner Cable. "We structured this deal so that if the government didn’t agree, we could walk away,” said CEO Brian Roberts. Comcast Drops Time Warner Cable Bid Amid Opposition [VIDEO] | Bloomberg Comcast drops bid for Time Warner Cable | Crain's New York READ MORE »
“He doesn’t lose ever.” That’s what BTIG analyst Rich Greenfield said this week about Comcast CEO Brian Roberts in the wake of Comcast’s failure to win approval for its proposed merger with Time Warner Cable. It’s a telling quote that also lets us know that Comcast isn’t done yet trying to find ways to become more powerful. Show More Summary
While the majority of American consumers were opposed to the merger of the nation’s two largest cable/Internet providers, there is a large group of people for whom today’s news may be a big downer: Comcast employees. In an effort toShow More Summary
Time Warner Cable Chief Executive Rob Marcus said the company is focused on operating its business in the wake of its merger breakup with Comcast.
Earlier this week, Comcast CEO Brian Roberts reached out to Federal Communications Commission Chairman Tom Wheeler in a last-ditch effort to lobby for the cable giant’s $45 billion merger with Time Warner Cable. Roberts argued that the...Show More Summary
"Today we move on," says chairman and CEO Brian Roberts. "We structured this deal so that if the government didn’t agree, we could walk away." read more
Comcast has just announced that its planned merger with Time Warner Cable has been canceled. Here's Comcast CEO Brian Roberts statement on the end of Time Warner Cable deal: pic.twitter.com/FmpQXAbdlX — Alex Weprin (@alexweprin) April 24, 2015 The move follows reports from Bloomberg and others yesterday that Comcast was pulling out. Show More Summary
The rather unpopular, $45 billion merger attempt between Comcast and Time Warner Cable has been officially called off. In a very brief statement, Comcast CEO Brian L. Roberts said that he would have liked to pair the two companies together, but governmental pressure has killed the deal. Show More Summary
The mega merger that long seemed inevitable is now officially dead, as Comcast has confirmed it had withdrawn its $45.2 billion merger agreement with Time Warner Cable. \"Today, we move on,\" Comcast chairman and CEO Brian Roberts said in a statement. Show More Summary
Comcast (CMCSA) a short while ago said it terminated its bid to merge with Time Warner Cable (TWC), confirming speculation by CNBC’s David Faber last night. Said Comcast CEO Brian Roberts, Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so [...]
Time Warner Cable CEO Rob Marcus was going to get $80 million in fees as soon as the company completed its $45.2 billion sale to Comcast. The $80 million was a "termination fee." After Time Warner Cable sold, it would no longer need a CEO — so Marcus was going to have to exit the company (with a lot of money). Today brought bad news for Marcus. Show More Summary
Categories: Afternoon Coffee Tags: General News The Federal Communications Commission staff has does not want the merger between Comcast and Time Warner to happen, as they recommended the agency not approve the $45 billion deal. And, the CEO of GM announced the car maker is not currently looking to engage in any mergers or buyouts with competitors. Show More Summary
CEO Jeff Bewkes wants to sell HBO to people without television connections, but he must win over pay-TV providers who worry about cannibalization.
It’s opening day for Major League Baseball — but Los Angeles Dodgers fans will find it hard to celebrate. There’s “no resolution that I’m aware of that’s imminent” to the dispute between pay TV distributors and Time Warner Cable — which...Show More Summary
CBS-Time Warner, anyone? Well, no — but it’s intriguing idea that apparently was floated last year. Bloomberg reports that CBS Corp CEO Les Moonves approached TW chief exec Jeff Bewkes about the possibility of merging the two media companies. Show More Summary
Earlier this week at the Deutsche Bank Media, Internet and Telecom Conference in Florida, Time Warner CEO Jeff Bewkes talked about CNN’s programming changes, ratings growth, and how the network remains a destination for breaking news viewers: If you’re looking at television, everybody knows we are the place to go. Show More Summary
News on the Internet is the “default thing that everybody is dependent on,” Jeff Bewkes acknowledged on Tuesday while discussing his company’s CNN asset. “You want immediate access to news and you expect it,” the Time Warner CEO said. Show More Summary
Digital news, not television, is the "default" for consumers nowadays. read more