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News Breaks
January 28, 2014
06:04 EDTCMCSA, CHTR, CMCSK, TWCCenterview hired by Time Warner Cable to advise on Charter bid, FT reports
Centerview has been hired by Time Warner Cable's (TWC) board to advise on the $61B bid by Charter Communications (CHTR), the Financial Times reports. Directors must decide whether to negotiate around the $132.50 per share offer or hold out for $160 per share. Sources say Time Warner Cable's board is also talking to "a number of" Wall Street law firms for advice. Reference Link
News For TWC;CHTR;CMCSA;CMCSK From The Last 14 Days
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October 9, 2015
11:15 EDTCMCSA, CMCSKFly Watch: 'The Martian' again expected to win weekend box office
Fox's (FOX, FOXA) "The Martian," based on the best selling science fiction novel by Andy Weir and starring Matt Damon, is again expected to top the weekend box office with a gross of $30M-$34M in its second weekend at theaters. Sony's (SNE) animated sequel "'Hotel Transylvania 2," which has already grossed almost $94M domestically, is estimated to gross in the range of $21.6M-$23.2M in its third weekend in theaters. Time Warner (TWX) subsidiary Warner Bros.' "Pan," based on classic J.M. Barrie character Peter Pan, is estimated to gross $18.45M-$20M in its opening weekend at over 3,500 theaters. This would be a disappointment for the film, which reportedly cost $150M to make. Warner Bros.' comedy "The Intern," starring Robert DeNiro and Anne Hathaway, is estimated to bring in $7.5M-$7.6M in its third weekend in theaters. Lions Gate's (LGF) drug cartel drama "Sicario," which opened wide last weekend, is expected to take in $6.5M-$7.9M in about 2,620 theaters. Sony subsidiary TriStar's "The Walk," starring Joseph Gordon-Levitt, is expanding beyond its IMAX (IMAX) release to over 2,500 theaters, and is expected to gross $4.7M-$6M. Comcast (CMCSA, CMCSK) subsidiary Universal's "Steve Jobs," directed by Danny Boyle and starring Michael Fassbender and Seth Rogen, is also set to open in limited release at four theaters in New York and Los Angeles.
08:20 EDTCMCSATop quality video content to outperform, says Pacific Crest
Pacific Crest predicts that companies with top quality video content will outperform, taking share from those with mid-range content. It identifies this trend as positive for Netflix, AMC Networks (AMCX), Time Warner (TWX), Disney (DIS), CBS (CBS), and 21st Century Fox (FOXA). According to the firm, this trend is negative for Viacom (VIAB), Scripps Networks (SNI), Discovery (DISCA), and Comcast (CMCSA)
08:14 EDTTWC, CMCSAOutlook for video distributors mixed, says Pacific Crest
Pacific Crest believes that the shift to Internet video will accelerate, likely creating high profits for "the largest and most differentiated" TV distribution players. It identifies current trends as positive for Netflix (NFLX), Google (GOOG, GOOGL) and Apple (AAPL). It predicts that Comcast (CMCSA), DISH (DISH), AT&T (T), Time Warner Cable (TWC), and Verizon (VZ) will be hurt by the current trends.
October 8, 2015
15:42 EDTTWCCogent, Time Warner Cable enter interconnection agreement
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October 7, 2015
15:14 EDTCMCSK, CHTR, CMCSAAmazon considering possible online service for live TV, Bloomberg says
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15:00 EDTCMCSA, CMCSKAmazon exploring potential online TV service, Bloomberg says
Amazon (AMZN) is said to have reached out to CBS (CBS) and Comcast's (CMCSA) NBCUniversal about online TV, according to Bloomberg.
08:02 EDTCMCSA, CMCSKCiti, NBC's TODAY announce multi-year sponsorship
Citi (C) and NBC's (CMCSA) TODAY announced the Citi Concert Series on TODAY, to provide year-round opportunities for millions of Citi customers, TODAY viewers and fans to enjoy live performances by their favorite artists. This new multi-year sponsorship brings together Citi's and TODAY's decades of experience in live entertainment working with thousands of chart-topping artists.
05:58 EDTCMCSAHulu renews, expands programming deal with Viacom, Deadline Hollywood says
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September 30, 2015
17:53 EDTCMCSA, CMCSKNBCUniversal reaches advertising deal with YouTube, WSJ says
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17:04 EDTTWCEarthLink, Time Warner Cable extend high-speed service agreement
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13:33 EDTCHTR, TWC, CMCSA, CMCSKFCC review of Charter-TWC deal likely to extend into 1Q16, CTFN says
The FCC's review of Charter Communications' (CHTR) proposed merger with Time Warner Cable (TWC) and Bright House Networks will likely extend into the first quarter of 2016 and could take even longer, CTFN reports, citing an attorney who often deals with telecom issues before the FCC. "...It is virtually impossible for the FCC to complete its review and adopt an order approving the license transfer before 1Q16 and, in my opinion, even getting it done before April 1 is a stretch," Barbara Esbin, a partner at law firm Cinnamon Mueller, told CTFN in an email. Esbin also said that the merger "appears to have drawn none of the heavy flack that felled Comcast (CMCSA)-TWC," a proposal that was nixed by the FCC and DOJ earlier this year, the report says. California utility regulators are also preparing for their own review of the deal since it will particularly effect the southern half of the state, the report says. Reference Link
September 29, 2015
12:57 EDTTWC, CHTRFCC nod for TWC, Charter deal may not be as easy as expected, dealReporter says
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11:09 EDTCMCSK, CMCSAGoPro announces launch of channel on Comcast Watchable
GoPro (GPRO) announced it's bringing the GoPro Channel to Watchable, Comcast's (CMCSA, CMCSK) new, cross-platform video service. GoPro's first Multichannel Video Programming Distributor agreement will deliver GoPro content to users on iOS,, and X1. Launching in beta, all Watchable content is free, the company stated.
11:05 EDTCMCSAComcast launches video platform Watchable, Business Insider reports
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