Latest in Bright House Networks

Shares in Charter Communications, the No. 2 U.S. cable operator, surged more than 14% to finish at $331.05 after the company reported strong fourth quarter results Thursday. One big reason for investor enthusiasm is a key metric included in the quarterly report: The company expects a hefty $2 billion drop in capital…

Tom Rutledge, the longtime cable TV executive who has led Charter Communications as CEO since 2012, made $7.8 million in total compensation in 2017, a sharp drop from his $98.5M haul in 2016. According to the company’s annual proxy statement filed with the SEC, a base salary of $2M was heavily supplemented by a $5.5M…

Charter Communications, now the No. 2 U.S. cable operator following its acquisitions of Time Warner Cable and Bright House, reported a modest increase in revenue but wider video subscriber losses in the third quarter ending September 30. Results fell short of Wall Street analysts’ estimates. Revenue of $10.5 billion…

Charter’s campaign for its planned acquisitions of Time Warner Cable and Bright House Networks went mainstream today: The cable company outlined to the FCC a collection of services it would introduce and terms it would accept to serve the public interest — including strict adherence to net neutrality restrictions. In…

UPDATED: The terms of the $78.7 billion cash and stock transaction are complicated, as you’d expect from any deal that involves a smaller company buying a larger one — and especially an agreement that involves Liberty Media’s John Malone. But if it comes to fruition, then Charter Communications CEO Tom Rutledge will…

Charter Communications and Time Warner Cable are close to a merger agreement that would see the smaller cabler pay $195 per share in cash and stock, Bloomberg reports. The deal which the Wall Street Journal valued at about $55 billion could be announced as soon as tomorrow. Charter would pay $100 a share in case with…

Onetime jilted suiter Charter Communications has approached banks about putting together a debt package of $25 billion to $30 billion for a potential merger with Time Warner Cable, the Wall Street Journal reports. Liberty Broadband CEO Greg Maffei told analysts that any deal with part-owned cable affiliate Charter…

The most surprising news from Charter Communications’ call with analysts this morning didn’t involve any plans to buy Time Warner Cable — although CEO Tom Rutledge says he’s still talking with Bright House Networks to possibly revive his company’s $10.4 billion acquisition. (More on that in a moment.) It’s what he’s…

Charter Communications shares hit a 52-week high today after it reported that the nation’s No. 4 cable operator has agreed pay $10.4 billion for Bright House Networks, which has about 2 million subs concentrated in Florida, California, Alabama, Indiana and Michigan. The companies plan to forge a partnership: Charter…

Charter Communications shares shot up 5.9% to a 52-week high this afternoon after Bloomberg reported that it’s in talks to buy Bright House Networks, a cable company owned by Si Newhouse’s Advance Publications. It could take more than $12 billion in stock to land Bright House’s 2.5 million subscribers — concentrated…

This is a nice — if predictable — pickup for Epix, which has been struggling to become a fixture on pay TV distributors’ premium channel lineups. Bright House is the No. 6 cable company, with about 2M video subscribers including a heavy concentration in Florida. But most of its carriage deals are handled by Time Warner…

Ovation will be back on Time Warner Cable and Bright House Networks systems and has committed to carry 200 or more hours of original programming dedicated to the arts in 2014, 250 hours in 2015 and 300 each year after. The arts-focused network was the guinea pig for TWC boss Glenn Britt’s plan to drop poor-performing n…