Report: Comcast, Charter Near Deal on Time-Warner

Comcast would get New York, North Carolina, and New England markets for cable.

Bloomberg reports that Philly-based Comcast and Charter are near a deal, under which Charter would buy Time-Warner Communications—and then Comcast would buy Time-Warner’s New York, New England, and North Carolina cable operations from Charter.  “Comcast operates in 39 states including New JerseyMassachusettsConnecticut and the Carolinas. The Philadelphia-based company is interested in Time Warner Cable’s markets that abut its current operations, said two of the people with knowledge of the matter. Acquiring those assets would give Comcast opportunities to cut costs and sell programming and advertising to larger swaths of people.”

Bloomberg says the deal could be worth about $16 billion: “Comcast and Charter have a framework agreement on what Comcast would pay for those three cable markets, said one of the people, though that number will depend on what Charter pays for Time Warner Cable. Time Warner Cable has about 3 million subscribers in those markets, another person said. Charter paid $1.63 billion last year for Cablevision Systems Corp.’s Optimum West assets, about $5,345 per subscriber, according to data compiled by Bloomberg Industries. At the same per-subscriber value, Time Warner Cable’s customers in those markets would be worth about $16 billion.”

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  • matthew brandley

    They will still be ranked almost dead last in customer service. At least with verizon they dont keep raising your rates every year and you know where everything is at when you go from one region to another. With commycast you get commy news, commy views, and your money goes to the commy democrap party. No thanks

    • Astralmilkman

      I get the democrap party , but as long as my cable has a choice including fox what’s with the rest ? What am I missing ? I’d love to edit from my menu all the channels I don’t get or want or watch ! Then I wouldn’t get eye strain every time I want to see what’s on . If this deal goes thru then more jobs might be coming to Philly, and that is a good thing. Business is business , if we can get them to plant their people in Philly . GREAT !