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Cable company Charter buying Time Warner Cable for $55.3B

NEW YORK- Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest TV and Internet providers in the U.S. The deal comes a month after Comcast walked away from a bid for Time Warner Cable after intense pressure from regulators. The deal for Time Warner Cable was backed by...
Source: The Associated Press | By: By TALI ARBEL, AP Business Writer
UPDATE 1-Charter to buy Time Warner Cable in $78.7 bln deal

May 26- Charter Communications Inc said it would buy Time Warner Cable Inc in a deal valued at $78.7 billion, as the second and third largest U.S. cable operators look to better compete with market leader Comcast Corp. The equity portion of the deal is $55.76 billion based on Time Warner Cable's diluted shares outstanding as of March 31. The offer values each Time...
Source: Reuters
Charter to buy Time Warner Cable in a $78.7 bln deal

May 26- Charter Communications Inc said it would buy Time Warner Cable Inc in a cash-and-stock deal that values the larger rival at $78.7 billion, to compete with No. 1 U.S. cable services provider Comcast Corp..
Source: Reuters
Charter agrees to buy Time Warner Cable for $195 a share

Charter Communications Inc said it would buy Time Warner Cable Inc in a cash-and-stock deal.
Source: CNBC.com | By: Tom DiChristopher
Media CEOs are the highest-paid American executives

The best-paid chief executive of a large American company was David Zaslav, head of Discovery Communications, the pay-TV channel operator that is home to "Shark Week." Les Moonves, of CBS, held on to second place in the rankings, despite a drop in pay from a year earlier. The remaining four CEOs, from entertainment giants Viacom, Walt Disney, Comcast and Time Warner, have...
Source: The Associated Press | By: By STEVE ROTHWELL and RYAN NAKASHIMA, AP Business Writers
Top 10 highest-paid CEOs

1. David Zaslav, Discovery Communications, $156.1 million, up 368 percent. 2. Leslie Moonves, CBS, $54.4 million, down 17 percent. 3. Philippe Dauman, Viacom, $44.3 million, up 19 percent.
Source: The Associated Press | By: The Associated Press
Charter deal seeks to keep cable consolidation on track

Charter Communications Inc. is said to be nearing a deal to buy Time Warner Cable Inc. for $55 billion. A: Cable companies are bulking up to survive as the number of cable and satellite TV subscribers slips- more consumers are "cutting the cord"- and competition from streaming video rises, thanks to rivals such as Netflix Inc. They also must fight TV channels over the...
Source: The Associated Press | By: By The Associated Press
Charter nears deal to buy Time Warner Cable

Charter is nearing a deal to acquire Time Warner Cable in a transaction that would mark John Malone's latest conquest of the US cable industry.
Source: Financial Times | By: James Fontanella-Khan
UPDATE 4-Charter Communications nears $55 bln deal for Time Warner Cable - sources

May 25- Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a...
Source: Reuters | By: Liana B. Baker and Greg Roumeliotis
Charter nears deal for Time Warner Cable

Charter Communications Inc. is close to buying Time Warner Cable for about $55 billion, according to two people familiar with the negotiations. Charter had wanted to buy Time Warner Cable Inc. earlier, but Time Warner Cable chose a $45 billion offer from Comcast Corp. instead. Comcast walked away from the Time Warner Cable deal after regulators pushed back...
Source: The Associated Press | By: By TALI ARBEL, AP Business Writer