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General

Cable mergers try to break power of content providers

Wednesday 27 May 2015 | 14:47 CET | Author: Tim Poulus | Background
A major cable merger has been announced in the US. Charter is bidding for Time Warner Cable as well as continuing its earlier announced bid for Bright House Networks. This will create a new group with 23.9 million customers in 41 states, second on the cable market only to Comcast. The FCC recently rejected Comcast's proposed takeover of TWC, saying it would concentrate the market too much. Charter had earlier tried to buy TWC in early 2014. It offered then USD 132.50 per share and is now willing to pay USD 195.71. In the background John Malone is pulling the strings. Not only does he control

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Categories: General
Companies: Comcast / Dish Network / Liberty Global / Time Warner Cable / Verizon
Countries: World
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