Charter Communications continues to line up the financing it needs to buy cable systems currently covering 1.5 million Time Warner Cable customers, announcing on Wednesday that it will sell $3.5 billion worth of speculative-grade bonds.
Time Warner Cable reported 3.6 percent year-over-year third-quarter revenue growth to $5.71 billion, driven partly by 21.9 percent growth in business services. However, the cable company missed analysts' consensus revenue forecasts of $5.74 billion.
Few people think that Comcast's proposed purchase of Time Warner Cable is in regulatory jeopardy. "But the market is worried," said high-profile media analyst Craig Moffett, citing the growing spread between the two companies' respective share prices--a metric that has swelled to over 8 percent, the highest it's been since the deal was first announced in February.
Just as athletes, actors and other celebrities have to deal with a new code of conduct in a world in which words, images and video travel fast, pay-TV providers are finding that their misdeeds and customer unfriendly billing practices can assume an exaggerated presence on the Internet.
Time Warner Cable has officially entered the era of digital video recorder excess, announcing the rollout of its six-tuner, 1-terabyte DVR in New York and Los Angeles.
The head of the Senate Judiciary Committee has asked Comcast to permanently ban Internet fast lanes, putting further pressure on the conglomerate as it tries to get its increasingly controversial purchase of Time Warner Cable through regulatory processes.
Striking a defensive tone eerily similar to another FCC petition issued by Comcast three weeks ago, AT&T and DirecTV tried to distance their proposed merger from that being undertaken by Comcast and Time Warner Cable.
A combined AT&T-DirecTV will be good for rural customers, effectively helping bridge the digital divide, but it has no connection with Comcast's proposed purchase of Time Warner Cable, AT&T argues in a new filing with the FCC.
With VOD emerging as one of the most coveted pay-TV features, Time Warner Cable has expanded access to its VOD library through its Roku app. Now, Roku-using TWC subscribers scrolling through the live program guide will be given a VOD alternative to watch an episode that may already be in progress from the beginning.
Investors are becoming concerned about the regulatory climate being faced by Comcast and Time Warner Cable as they attempt to close a $45 billion merger. And that has resulted in a widening chasm between the company's stock prices, increasing the price Comcast shareholders will ultimately pay to acquire TWC.