Comcast, Time Warner may sell 5M subscribers to Charter

SHARE Comcast, Time Warner may sell 5M subscribers to Charter

Comcast Corp. and Time Warner Cable Inc. are negotiating to sell up to $20 billion worth of assets to Charter Communications Inc. to help win regulatory approval for their proposed $42.5 billion merger, the Financial Times reports. Discussions have included selling between 3 million and 5 million subscribers to Charter.

The merger, announced in February, would combine the nation’s top two cable TV companies and would create a dominant force in both creating and delivering entertainment to U.S. homes.

Charter had pursued Time Warner Cable for months, but Time Warner Cable CEO Rob Marcus had consistently rejected what he called a lowball offer.

Comcast, which also owns NBCUniversal, had stayed in the background, waiting to buy any chunk of subscribers that a combined Charter-Time Warner Cable would sell off.

Comcast argues benefits of Time Warner Cable deal

Comcast to buy Time Warner Cable for $45 billion

The Latest
Another federal judge in Chicago who also has dismissed gun cases based on the same Supreme Court ruling says the high court’s decision in what’s known as the Bruen case will “inevitably lead to more gun violence, more dead citizens and more devastated communities.”
Chatterbox doesn’t seem aware that it’s courteous to ask questions, seek others’ opinions.
Women make up just 10% of those in careers such as green infrastructure and clean and renewable energy, a leader from Openlands writes. Apprenticeships and other training opportunities are some of the ways to get more women into this growing job sector.
The way inflation is measured masks certain costs that add to the prices that consumers pay every day. Not surprisingly, higher costs mean lower consumer confidence, no matter what Americans are told about an improving economy.
With Easter around the corner, chocolate makers and food businesses are feeling the impact of soaring global cocoa prices and it’s also hitting consumers.