Charter Communications has begun ramping up its lobbying efforts to get regulators to approve its proposed mergers with Time Warner Cable and Bright House Networks. Specifically, the company has filed applications in favor of the transactions with the New York Public Services Commission and California's Public Utilities Commission. The company has also hired four new lobbying firms, according to a report in The Hill, a move that raises its total number of outside consulting firms to nine.
The FCC announced that it has begun a review of Charter's proposed purchases of both Time Warner Cable and Bright House Networks.
Charter Communications has begun marketing $13.8 billion in loans as part of its planned $56.7 billion purchase of Time Warner Cable, according to Bloomberg, which cited anonymous sources.
Forced to lick his financial wounds after the collapse of the Comcast-Time Warner Cable deal with a relatively pedestrian 2014 salary of just $34.6 million, TWC CEO Rob Marcus can once again sleep soundly, knowing that his retirement savings plan is back on sound footing.
I was sitting with a Suddenlink executive in the press room at INTX in Chicago two weeks back. I had just covered the "Captains o' Cable Industry" keynote, during which Cablevision's James Dolan notoriously proposed corporate marriage to Time Warner Cable's Rob Marcus right on stage as Charter's Tom Rutledge and several other CEOs looked on in horror.
A group of banks that were previously ready to finance Charter's part in the broader Comcast-Time Warner Cable deal are now set to back its own acquisition of TWC.
The Mayweather-Pacquiao match may have been one of the biggest pay-per-view boxing events in decades, but technical problems caused major disruptions for viewers trying to tune in.
Midsized cable company Bright House Communications has emerged as a key pawn in the ongoing M&A dance between Charter Communications and Time Warner Cable.
Charter Communications reported a loss of 7,000 video subscribers in the first quarter but expects to increase its TV customer base for the full year with wide deployment of its next-generation Spectrum Guide video service throughout the rest of 2015.
Now that Comcast has abandoned its $45.2 billion quest for Time Warner Cable, speculation will begin to mount on a number of new possible deal scenarios.