Time Warner Cable said Friday that it is promoting Time Warner Inc. and Citigroup investment banking veteran Christian Lee to SVP of mergers and acquisitions.
I've been thinking about how to tell the story of John Rigas, the cable pioneer who founded Coudersport, Pa.-based MSO Adelphia Communications, ever since I visited Pennsylvania in early November to attend an event hosted by the nation's largest cable company – Comcast.
Time Warner Cable said Thursday that former Insight Communications President Dinni Jain will succeed Rob Marcus as TWC's chief operating officer on Jan. 13.
Time Warner Cable said Wednesday that it plans to open a 45,000-square-foot space in New York next month called Time Warner Cable Studios.
Time Warner Cable confirmed that it is beginning to offer subscribers a $29.99 monthly subscription bundle that includes local broadcast channels and HBO.
Speculation about a potential purchase of Time Warner Cable by Comcast Corp., Charter Communications or Cox Communications is causing the company's stock to soar. According to Craig Moffett of MoffettNathanson Research, the company's stock has increased in price 45 percent over the last six months. On Friday, TWC's stock closed at $138.22.
Time Warner Cable may have difficulty persuading other Pay-TV providers to carry its new regional sports channel in Los Angeles. Sources told the New York Post that several distributors are planning to decline the Dodgers network, named SportsNet LA, because of Time Warner's pricey fees. According to sources, which were not identified by the Post but said to be close to the negotiations, TWC is expected to charge distributors $5 per month per subscriber for the network. That fee would then increase to $8 per sub per month over five years.
Add Cox Communications to the list of cable operators reportedly eying a bid for Time Warner Cable.
Nearly three months after settling a bitter contract dispute with Showtime Networks parent CBS Corp., Time Warner Cable said Tuesday that subscribers can access TV Everywhere service Showtime Anytime.
Executives at Comcast and Charter Communications have had preliminary talks aimed at acquiring Time Warner Cable, which could help each operator expand cable system clusters in Los Angeles, New York and other markets, Bloomberg reported Saturday.