Do not look for the Federal Communications Commission to come to the rescue of mid-sized cable/broadband provider RCN in its recent complaint aimed at undercutting the 2011 consentfeatured
While telecom, cable, and media companies continue to collide in a whirlwind of M&A, it is natural to wonder what the U.S.’s largest cable company’s next moves will be. Comcast was early to the convergence game as a buyer of NBC Universal, and whilefeatured
Comcast performed due diligence on Level 3 prior to last week’s announcement that CenturyLink would acquire the Colorado-based fiber telecom for $25 billion, said a source familiar with the matter and sector banker. Comcast did “real work” exploring a purchase of Level 3 for more than a month, said the source, lasting at least until … Read Morefeatured
Comcast Corp. is downplaying antitrust concerns over its NBCUniversal unit’s pending $3.8 billion bid for DreamWorks Animation while at the same time touting the deal’s potential to grow the company on many fronts in the years to come. On April 28, when the acquisition was announced to a startled Hollywood and Wall Street, Steve Burke, … Read Morefeatured
It is too early to forecast pricing in the Federal Communications Commission’s auction of broadcast spectrum, said three telecom sector bankers. Even though estimates have circulated for months, and the FCC set opening bids for the government’s purchase of spectrum from broadcasters in October, ultimately carriers determine prices after half a dozen or more bidding … Read Morefeatured
Updated March 11, 12:13pm – Within the next week or so, the Federal Communications Commission is expected to announce the names of wireless carriers bidding for spectrum in the incentive auction, two sector bankers told CTFN. The announcement will “probably” be made next week, according to the first banker, who said that the agency has … Read Morepublic
A trade group representing the nation’s local television and radio broadcasters is asking federal regulators to postpone their review of the proposed $78.7 billion Charter Communications merger with Time Warner Cable until completion of long-delayed reviews of broadcast ownership rules mandated by Congress. “Yet again, the Federal Communications Commission is being asked to bless a … Read Morefeatured
Today marks Day 27 on the Federal Communications Commission’s 180-day shot clock review of the proposed $70 billion merger of Charter Communications with Time Warner Cable and Bright House Networks, but when a decision will be rendered remains up in the air, one veteran FCC observer and an intervenor in the case told CTFN. “The … Read Morefeatured
The “skinny bundle,” the phenomenon of cable and satellite providers offering fewer stations at less cost to consumers, is creating opportunities for short selling in the communications sector, said a hedge fund investor, an investment banker, and an analyst. The hedge fund trader said he has begun shorting stocks of those companies that are exposed … Read Morefeatured
The Federal Communications Commission’s review of the proposed $70 billion merger of Charter Communications with Time Warner Cable and Bright House Networks will almost certainly stretch into the first quarter of 2016 and could take longer, an attorney who often deals with telecom issues before the regulatory agency told CTFN. “…It is virtually impossible for … Read Morefeatured
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