TWC - Time Warner Cable

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 11, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    Time Warner Cable (TWC) is an American cable telecommunications company. It is the second largest cable company in the U.S. by revenue behind only Comcast, operating in 29 states. Its corporate headquarters are located in the Time Warner Center in Midtown Manhattan, New York City, with other corporate offices in Stamford, Connecticut; Charlotte, North Carolina; and Herndon, Virginia.

    Originally controlled by Warner Communications, later Time Warner (the film and television production company and cable channel operator), that company spun off the cable operations in March 2009 as part of a larger restructuring. Since then, Time Warner Cable has been an entirely independent company, merely continuing to use the Time Warner brand under license from its former parent (it also previously used the "Road Runner" name for its internet service).

    In 2014, the company was the subject of a proposed purchase by Comcast Corporation, valued at $45.2 billion; however, following opposition to the deal by various groups, along with plans by the U.S. government to try and block the merger, Comcast called off the deal in April 2015. On May 26, 2015, Charter Communications announced that it would acquire Time Warner Cable for $78.7 billion, along with Bright House Networks in a separate $10.1 billion deal, pending regulatory approval. Charter expected to complete the former transaction by the end of 2015.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Charter CEO meets with FCC chairman on cable acquisitions

    The chief executive officer of Charter Communications Inc (CHTR) met last week with the head of the U.S. Federal Communications Commission (FCC) on the cable company's proposed acquisition of Time Warner Cable Inc (TWC) and Bright House Networks.

    The meeting Wednesday came as the FCC continues its review of the proposed tie-ups after an informal 180-day FCC review period ended March 25.

    Charter CEO Tom Rutledge met with FCC chairman Tom Wheeler Wednesday to discuss "the public interest benefits of its proposed transaction with Time Warner Cable and Bright House Networks and the ways in which it will enhance competition," according to a filing with the FCC by Charter.

    It is the second meeting between Wheeler and Rutledge in less than a month; the pair also met March 16, according to a separate Charter filing.

    The company discussed the expansion of its "broadband network to new customer locations and its commitments to settlement-free interconnection and broadband service without usage based pricing or data caps," the filing said.

    In a brief interview Tuesday as he exited a Senate hearing, Wheeler declined to comment on the status of the Charter review. "Stay tuned," he said.

    Charter said in May that it would buy Time Warner Cable, the fourth-largest U.S. cable company, in a $56 billion cash-and-stock deal that would make it the No. 2 U.S. Internet and cable company after Comcast Corp (CMCSA).

    Shareholders of both companies and most U.S. states have approved the deal.

    Charter also announced in March it would buy Bright House Networks in a $10.4 billion deal.

    Various media outlets reported in March that Wheeler is likely to circulate a draft order approving the deal with conditions. Five Democratic senators including Democratic presidential candidate Bernie Sanders have raised concerns about the proposed tie-up.

    New Charter would be the third-largest pay-TV provider in the country, serving roughly 17.3 million customers, and the second-largest broadband provider, with 19.4 million subscribers in nearly 40 states.

    Time Warner Cable declined to comment.

    Charter said Monday in a statement it is continuing to "have productive conversations with the FCC and we look forward to a timely resolution." It said New Charter would deliver faster minimum broadband speeds and a comprehensive low-income broadband program.

    LINK - http://www.msn.com/en-us/money/comp...fcc-chairman-on-cable-acquisitions/ar-BBrDi8E
     
  3. StockJock-e

    StockJock-e Brew Master
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    Wow!

    That is going to be a big green candle of it holds this for the close!
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (5/4/16)
    Earnings: EPS $1.49 Revenue $7.308B
    Estimates: EPS $1.29 Revenue $7.241B

    Up 2.88% so far today
     

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