Time Warner Cable Inc (TWC) 209.56 $TWC
Why Cable Companies Should Partner With Netflix, Amazon, & Other Streaming Services
Andrew Steele - Zacks Investment Research - Fri May 20, 4:28PM CDT
It seems like an odd pairing, but these competitors uniting can truly help one another more than they realize.
NFLX: 94.10 (+0.35), T: 40.33 (unch), AMZN: 715.12 (-2.79), CHTR: 223.53 (+0.56), DIS: 96.65 (-0.69), TWC: 209.56 (-0.44), VIAB: 42.02 (-2.39), CMCSA: 62.80 (-0.13), VZ: 52.50 (-0.17), CVC: 34.68 (-0.02), DISH: 53.47 (-1.89), CBS: 52.73 (-0.27)
Liberty Interactive Corporation Completes $2.4 Billion Investment in Liberty Broadband Corporation in Support of Charter-Time Warner Cable Merger
BusinessWire - Wed May 18, 5:35PM CDT
Liberty Interactive Corporation (NASDAQ: QVCA, QVCB, LVNTA, LVNTB) ("Liberty Interactive"
today announced that it completed its $2.4 billion investment in Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK) ("Liberty Broadband" upon the closing of today's announced merger of legacy Charter Communications, Inc. and Time Warner Cable Inc. ("TWC" and the concurrent acquisition of Bright House Networks. The proceeds of this investment were used by Liberty Broadband to partially fund its acquisition of $5 billion of stock in the new public parent company ("New Charter" of the combined enterprises. Liberty Interactive (along with third party investors, all of whom invested on the same terms as Liberty Interactive) purchased newly issued shares of Liberty Broadband Series C common stock at a fixed per share price of $56.23. Liberty Interactive's investment in Liberty Broadband was funded using cash on hand and has been attributed to the Liberty Ventures Group.
LBRDA: 59.85 (unch), LBRKR: 8.37 (-0.18), TWC: 209.56 (-0.44), QVCB: 25.48 (-0.88), LBRDK: 60.28 (+0.10), LVNTA: 37.70 (-0.76), QVCA: 25.38 (-0.61), LVNTB: 38.28 (-0.85)
Liberty Broadband Completes $5 Billion Investment in Connection with Charter / Time Warner Cable Merger and Bright House Acquisition and Issuance of $4.4 Billion of Shares to Liberty Interactive and Other Third Party Investors
BusinessWire - Wed May 18, 5:27PM CDT
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK) ("Liberty Broadband" today completed its $5 billion investment in the new public parent company ("New Charter" of the combined legacy Charter Communications, Inc. ("Charter", Time Warner Cable Inc. ("TWC" and Bright House Networks. Liberty Broadband funded this investment, in part, with the proceeds from the sale of $4.4 billion of newly issued shares of Liberty Broadband's Series C common stock at a fixed price per share of $56.23 to Liberty Interactive Corporation and other third party investors, all of whom invested on the same terms.
LBRDA: 59.85 (unch), LBRKR: 8.37 (-0.18), TWC: 209.56 (-0.44), QVCB: 25.48 (-0.88), LBRDK: 60.28 (+0.10)
Charter Communications (CHTR) Officially Merge with Time Warner (TWC)
Andrew Steele - Zacks Investment Research - Wed May 18, 2:35PM CDT
The name Time Warner Cable will no longer exist as Charter Communications will officially take over the cable provider.
T: 40.33 (unch), CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44), CMCSA: 62.80 (-0.13), VZ: 52.50 (-0.17)
Charter Communications, Time Warner Cable and Bright House Networks Complete Transactions
PR Newswire - Wed May 18, 7:45AM CDT
Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries, "Charter" today announced that it has closed its previously announced transactions whereby legacy Charter, the previous public company ("legacy Charter", has combined with Time Warner Cable Inc. ("TWC". Subject to the election described below, TWC stockholders, other than Liberty Broadband Corporation ("Liberty Broadband" and Liberty Interactive Corporation ("Liberty Interactive", will receive $100.00 in cash and shares of common stock of the new public parent company, which has been named "Charter Communications, Inc.," equivalent to 0.5409 shares of legacy Charter, for each share of TWC common stock ("Option A" consideration). Charter also provided an election option for each TWC stockholder to receive $115.00 of cash and Charter shares equivalent to 0.4562 shares of legacy Charter for each share of TWC common stock ("Option B" consideration).
CHTR: 223.53 (+0.56), LBRKR: 8.37 (-0.18), TWC: 209.56 (-0.44), QVCB: 25.48 (-0.88)
Correction: Fitch Upgrades Charter's IDR to 'BB+'; Downgrades Time Warner Cable's IDR to 'BB+'
BusinessWire - Mon May 16, 2:46PM CDT
(This is a correction of a release issued earlier today. It clarifies that the senior secured rating for CCO Safari II and III is 'BBB-' rather than 'BBB' as stated in the ratings list of the original release.)
TWC: 209.56 (-0.44)
SmarTrend Watching for Potential Rebound in Shares of Time Warner Cable After 2.10% Loss
Comtex SmarTrend(R) - Mon May 16, 11:49AM CDT
Time Warner Cable (NYSE:TWC) traded in a range yesterday that spanned from a low of $209.35 to a high of $213.09. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $213.66 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
TWC: 209.56 (-0.44)
Look for Shares of Time Warner Cable to Potentially Rebound after Yesterday's 2.10% Sell Off
Comtex SmarTrend(R) - Mon May 16, 11:47AM CDT
Time Warner Cable (NYSE:TWC) traded in a range yesterday that spanned from a low of $209.35 to a high of $213.09. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $213.66 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
TWC: 209.56 (-0.44)
Fitch Upgrades Charter's IDR to 'BB+'; Downgrades Time Warner Cable's IDR to 'BB+'; Outlook Stable
BusinessWire - Mon May 16, 11:14AM CDT
Fitch Ratings has upgraded the Issuer Default Ratings (IDR) assigned to CCO Holdings, LLC (CCOH) and Charter Communications Operating, LLC (CCO) to 'BB+' from 'BB-'. Fitch has also upgraded the specific issue ratings assigned to CCOH and CCOH Safari, LLC (CCOH Safari) to 'BB+' from 'BB-' and CCO to 'BBB-' from 'BB+'. Fitch also affirmed the specific issue ratings assigned to CCO Safari II, LLC (CCO Safari II) and CCO Safari III, LLC (CCO Safari III). The Rating Outlook is Stable.
TWC: 209.56 (-0.44)
Digital Realty Trust (DLR) Joining S&P 500: Stock to Gain?
Zacks Equity Research - Zacks Investment Research - Mon May 16, 8:51AM CDT
Digital Realty Trust Inc. (DLR) is set to join the S&P 500 following the close of trading on Tuesday, May 17.
DLR: 98.75 (-3.57), CHTR: 223.53 (+0.56), COR: 83.10 (-0.08), TWC: 209.56 (-0.44)
Cable Industry Veteran Jim Chiddix Joins ASSIA Board of Directors
Marketwire Canada - Mon May 16, 7:00AM CDT
Former Time Warner CTO and Pioneer of the Use of Optical Fiber Technology in Cable Systems, Chiddix Brings Experience and Industry Insights to ASSIA
TWC: 209.56 (-0.44)
DISH Network Downgraded to Hold on Competitive Woes
Zacks Equity Research - Zacks Investment Research - Mon May 16, 6:45AM CDT
On May 13, Zacks Investment Research downgraded DISH Network Corp. (DISH) by a notch to a Zacks Rank #3 (Hold).
CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44), CMCSA: 62.80 (-0.13), DISH: 53.47 (-1.89)
Digital Realty Trust Set to Join the S&P 500
PR Newswire - Fri May 13, 5:12PM CDT
Digital Realty Trust Inc. (NYSE: DLR) will replace Time Warner Cable Inc. (NYSE: TWC) in the S&P 500 after the close of trading on Tuesday, May 17. Charter Communications Inc. (NASD: CHTR) is acquiring Time Warner Cable in a deal expected to be completed on or about that date pending final conditions.
SPGI: 107.51 (-2.53), DLR: 98.75 (-3.57), CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44)
Charter Communications' Twin Buyouts Clear Final Hurdle
Zacks Equity Research - Zacks Investment Research - Fri May 13, 7:24AM CDT
Charter Communications, Inc. (CHTR) recently received California Public Utilities Commission's approval with regards to its planned buyouts of Time Warner Cable Inc. (TWC) and Bright House Networks.
T: 40.33 (unch), CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44), CMCSA: 62.80 (-0.13)
Charter, Time Warner Cable and Bright House Networks Receive Final Regulatory Approval for Transactions
PR Newswire - Thu May 12, 8:11PM CDT
Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries, "Charter", Time Warner Cable Inc. (NYSE: TWC) ("TWC", and Advance/Newhouse Partnership (a parent of Bright House Networks, LLC) today announced that they had received approval from the California Public Utilities Commission for the transactions between the parties, and as such, all required regulatory approvals in connection with the previously announced transactions between Charter and TWC (the "Charter-TWC transactions", and Charter's acquisition of Bright House Networks have been received. Subject to the remaining customary closing conditions, the Charter-TWC transactions and Charter's acquisitions of Bright House Networks are currently expected to close on or about May 18, 2016.
CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44)
Telecom Stock Roundup: U.S. Regional Telecom Operators Disappoint in Q1, Cablevision Impresses
Zacks Equity Research - Zacks Investment Research - Thu May 12, 3:23PM CDT
Last week, most of the major telecom stocks traded in the green despite several important regional telecom operators reporting disappointing first-quarter 2016 financial results.
CHTR: 223.53 (+0.56), CBB: 3.94 (-0.03), TWC: 209.56 (-0.44), TU: 31.80 (-0.30), WIN: 8.54 (-0.16), USM: 36.91 (-1.00), CVC: 34.68 (-0.02), TDS: 27.81 (-0.74)
Time Warner Cable (TWC) Approaches New Upside Target of $217.56
Comtex SmarTrend(R) - Wed May 11, 8:45AM CDT
Time Warner Cable (NYSE:TWC) has opened bullishly above the pivot of $215.42 today and has reached the first level of resistance at $216.84. Investors may be interested in a cross of the next upside pivot targets of $217.56 and $219.70.
TWC: 209.56 (-0.44)
Media Stocks to Watch for Earnings on May 10: DIS, WWE, TRCO
Zacks Equity Research - Zacks Investment Research - Mon May 09, 8:48AM CDT
The Q1 earnings season is gradually nearing its end with 87.2% of the S&P 500 companies having already announced their results.
WWE: 17.59 (-0.32), DIS: 96.65 (-0.69), TWC: 209.56 (-0.44), TRCO: 37.40 (-0.87), CVC: 34.68 (-0.02), CBS: 52.73 (-0.27), TWX: 73.63 (-1.38)
The Federal Communications Commission Approves Charter's Merger With Time Warner Cable And Acquisition Of Bright House Networks
PR Newswire - Fri May 06, 2:49PM CDT
Today, Charter Communications, Inc. received approval from the Federal Communications Commission for its merger with Time Warner Cable Inc. and acquisition of Bright House Networks. The California Public Utilities Commission vote is scheduled for May 12th, following last month's recommendation for approval from the California Administrative Law Judge.
CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44)
Why Cable Companies Should Partner With Netflix, Amazon, & Other Streaming Services
Andrew Steele - Zacks Investment Research - Fri May 20, 4:28PM CDT
It seems like an odd pairing, but these competitors uniting can truly help one another more than they realize.
NFLX: 94.10 (+0.35), T: 40.33 (unch), AMZN: 715.12 (-2.79), CHTR: 223.53 (+0.56), DIS: 96.65 (-0.69), TWC: 209.56 (-0.44), VIAB: 42.02 (-2.39), CMCSA: 62.80 (-0.13), VZ: 52.50 (-0.17), CVC: 34.68 (-0.02), DISH: 53.47 (-1.89), CBS: 52.73 (-0.27)
Liberty Interactive Corporation Completes $2.4 Billion Investment in Liberty Broadband Corporation in Support of Charter-Time Warner Cable Merger
BusinessWire - Wed May 18, 5:35PM CDT
Liberty Interactive Corporation (NASDAQ: QVCA, QVCB, LVNTA, LVNTB) ("Liberty Interactive"
today announced that it completed its $2.4 billion investment in Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK) ("Liberty Broadband" upon the closing of today's announced merger of legacy Charter Communications, Inc. and Time Warner Cable Inc. ("TWC" and the concurrent acquisition of Bright House Networks. The proceeds of this investment were used by Liberty Broadband to partially fund its acquisition of $5 billion of stock in the new public parent company ("New Charter" of the combined enterprises. Liberty Interactive (along with third party investors, all of whom invested on the same terms as Liberty Interactive) purchased newly issued shares of Liberty Broadband Series C common stock at a fixed per share price of $56.23. Liberty Interactive's investment in Liberty Broadband was funded using cash on hand and has been attributed to the Liberty Ventures Group. LBRDA: 59.85 (unch), LBRKR: 8.37 (-0.18), TWC: 209.56 (-0.44), QVCB: 25.48 (-0.88), LBRDK: 60.28 (+0.10), LVNTA: 37.70 (-0.76), QVCA: 25.38 (-0.61), LVNTB: 38.28 (-0.85)
Liberty Broadband Completes $5 Billion Investment in Connection with Charter / Time Warner Cable Merger and Bright House Acquisition and Issuance of $4.4 Billion of Shares to Liberty Interactive and Other Third Party Investors
BusinessWire - Wed May 18, 5:27PM CDT
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK) ("Liberty Broadband"
today completed its $5 billion investment in the new public parent company ("New Charter" of the combined legacy Charter Communications, Inc. ("Charter", Time Warner Cable Inc. ("TWC" and Bright House Networks. Liberty Broadband funded this investment, in part, with the proceeds from the sale of $4.4 billion of newly issued shares of Liberty Broadband's Series C common stock at a fixed price per share of $56.23 to Liberty Interactive Corporation and other third party investors, all of whom invested on the same terms. LBRDA: 59.85 (unch), LBRKR: 8.37 (-0.18), TWC: 209.56 (-0.44), QVCB: 25.48 (-0.88), LBRDK: 60.28 (+0.10)
Charter Communications (CHTR) Officially Merge with Time Warner (TWC)
Andrew Steele - Zacks Investment Research - Wed May 18, 2:35PM CDT
The name Time Warner Cable will no longer exist as Charter Communications will officially take over the cable provider.
T: 40.33 (unch), CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44), CMCSA: 62.80 (-0.13), VZ: 52.50 (-0.17)
Charter Communications, Time Warner Cable and Bright House Networks Complete Transactions
PR Newswire - Wed May 18, 7:45AM CDT
Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries, "Charter"
today announced that it has closed its previously announced transactions whereby legacy Charter, the previous public company ("legacy Charter", has combined with Time Warner Cable Inc. ("TWC". Subject to the election described below, TWC stockholders, other than Liberty Broadband Corporation ("Liberty Broadband" and Liberty Interactive Corporation ("Liberty Interactive", will receive $100.00 in cash and shares of common stock of the new public parent company, which has been named "Charter Communications, Inc.," equivalent to 0.5409 shares of legacy Charter, for each share of TWC common stock ("Option A" consideration). Charter also provided an election option for each TWC stockholder to receive $115.00 of cash and Charter shares equivalent to 0.4562 shares of legacy Charter for each share of TWC common stock ("Option B" consideration). CHTR: 223.53 (+0.56), LBRKR: 8.37 (-0.18), TWC: 209.56 (-0.44), QVCB: 25.48 (-0.88)
Correction: Fitch Upgrades Charter's IDR to 'BB+'; Downgrades Time Warner Cable's IDR to 'BB+'
BusinessWire - Mon May 16, 2:46PM CDT
(This is a correction of a release issued earlier today. It clarifies that the senior secured rating for CCO Safari II and III is 'BBB-' rather than 'BBB' as stated in the ratings list of the original release.)
TWC: 209.56 (-0.44)
SmarTrend Watching for Potential Rebound in Shares of Time Warner Cable After 2.10% Loss
Comtex SmarTrend(R) - Mon May 16, 11:49AM CDT
Time Warner Cable (NYSE:TWC) traded in a range yesterday that spanned from a low of $209.35 to a high of $213.09. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $213.66 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
TWC: 209.56 (-0.44)
Look for Shares of Time Warner Cable to Potentially Rebound after Yesterday's 2.10% Sell Off
Comtex SmarTrend(R) - Mon May 16, 11:47AM CDT
Time Warner Cable (NYSE:TWC) traded in a range yesterday that spanned from a low of $209.35 to a high of $213.09. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $213.66 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
TWC: 209.56 (-0.44)
Fitch Upgrades Charter's IDR to 'BB+'; Downgrades Time Warner Cable's IDR to 'BB+'; Outlook Stable
BusinessWire - Mon May 16, 11:14AM CDT
Fitch Ratings has upgraded the Issuer Default Ratings (IDR) assigned to CCO Holdings, LLC (CCOH) and Charter Communications Operating, LLC (CCO) to 'BB+' from 'BB-'. Fitch has also upgraded the specific issue ratings assigned to CCOH and CCOH Safari, LLC (CCOH Safari) to 'BB+' from 'BB-' and CCO to 'BBB-' from 'BB+'. Fitch also affirmed the specific issue ratings assigned to CCO Safari II, LLC (CCO Safari II) and CCO Safari III, LLC (CCO Safari III). The Rating Outlook is Stable.
TWC: 209.56 (-0.44)
Digital Realty Trust (DLR) Joining S&P 500: Stock to Gain?
Zacks Equity Research - Zacks Investment Research - Mon May 16, 8:51AM CDT
Digital Realty Trust Inc. (DLR) is set to join the S&P 500 following the close of trading on Tuesday, May 17.
DLR: 98.75 (-3.57), CHTR: 223.53 (+0.56), COR: 83.10 (-0.08), TWC: 209.56 (-0.44)
Cable Industry Veteran Jim Chiddix Joins ASSIA Board of Directors
Marketwire Canada - Mon May 16, 7:00AM CDT
Former Time Warner CTO and Pioneer of the Use of Optical Fiber Technology in Cable Systems, Chiddix Brings Experience and Industry Insights to ASSIA
TWC: 209.56 (-0.44)
DISH Network Downgraded to Hold on Competitive Woes
Zacks Equity Research - Zacks Investment Research - Mon May 16, 6:45AM CDT
On May 13, Zacks Investment Research downgraded DISH Network Corp. (DISH) by a notch to a Zacks Rank #3 (Hold).
CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44), CMCSA: 62.80 (-0.13), DISH: 53.47 (-1.89)
Digital Realty Trust Set to Join the S&P 500
PR Newswire - Fri May 13, 5:12PM CDT
Digital Realty Trust Inc. (NYSE: DLR) will replace Time Warner Cable Inc. (NYSE: TWC) in the S&P 500 after the close of trading on Tuesday, May 17. Charter Communications Inc. (NASD: CHTR) is acquiring Time Warner Cable in a deal expected to be completed on or about that date pending final conditions.
SPGI: 107.51 (-2.53), DLR: 98.75 (-3.57), CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44)
Charter Communications' Twin Buyouts Clear Final Hurdle
Zacks Equity Research - Zacks Investment Research - Fri May 13, 7:24AM CDT
Charter Communications, Inc. (CHTR) recently received California Public Utilities Commission's approval with regards to its planned buyouts of Time Warner Cable Inc. (TWC) and Bright House Networks.
T: 40.33 (unch), CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44), CMCSA: 62.80 (-0.13)
Charter, Time Warner Cable and Bright House Networks Receive Final Regulatory Approval for Transactions
PR Newswire - Thu May 12, 8:11PM CDT
Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries, "Charter"
, Time Warner Cable Inc. (NYSE: TWC) ("TWC", and Advance/Newhouse Partnership (a parent of Bright House Networks, LLC) today announced that they had received approval from the California Public Utilities Commission for the transactions between the parties, and as such, all required regulatory approvals in connection with the previously announced transactions between Charter and TWC (the "Charter-TWC transactions", and Charter's acquisition of Bright House Networks have been received. Subject to the remaining customary closing conditions, the Charter-TWC transactions and Charter's acquisitions of Bright House Networks are currently expected to close on or about May 18, 2016. CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44)
Telecom Stock Roundup: U.S. Regional Telecom Operators Disappoint in Q1, Cablevision Impresses
Zacks Equity Research - Zacks Investment Research - Thu May 12, 3:23PM CDT
Last week, most of the major telecom stocks traded in the green despite several important regional telecom operators reporting disappointing first-quarter 2016 financial results.
CHTR: 223.53 (+0.56), CBB: 3.94 (-0.03), TWC: 209.56 (-0.44), TU: 31.80 (-0.30), WIN: 8.54 (-0.16), USM: 36.91 (-1.00), CVC: 34.68 (-0.02), TDS: 27.81 (-0.74)
Time Warner Cable (TWC) Approaches New Upside Target of $217.56
Comtex SmarTrend(R) - Wed May 11, 8:45AM CDT
Time Warner Cable (NYSE:TWC) has opened bullishly above the pivot of $215.42 today and has reached the first level of resistance at $216.84. Investors may be interested in a cross of the next upside pivot targets of $217.56 and $219.70.
TWC: 209.56 (-0.44)
Media Stocks to Watch for Earnings on May 10: DIS, WWE, TRCO
Zacks Equity Research - Zacks Investment Research - Mon May 09, 8:48AM CDT
The Q1 earnings season is gradually nearing its end with 87.2% of the S&P 500 companies having already announced their results.
WWE: 17.59 (-0.32), DIS: 96.65 (-0.69), TWC: 209.56 (-0.44), TRCO: 37.40 (-0.87), CVC: 34.68 (-0.02), CBS: 52.73 (-0.27), TWX: 73.63 (-1.38)
The Federal Communications Commission Approves Charter's Merger With Time Warner Cable And Acquisition Of Bright House Networks
PR Newswire - Fri May 06, 2:49PM CDT
Today, Charter Communications, Inc. received approval from the Federal Communications Commission for its merger with Time Warner Cable Inc. and acquisition of Bright House Networks. The California Public Utilities Commission vote is scheduled for May 12th, following last month's recommendation for approval from the California Administrative Law Judge.
CHTR: 223.53 (+0.56), TWC: 209.56 (-0.44)
