Comcast Moves Forward on Time Warner Bid
Comcast’s desire to join Charter Communications in acquiring the Time-Warner cable system—or, at least, some of T-W’s premium markets—is moving the talking stage. Multiple outlets are reporting that the Philly-based multimedia conglomerate has retained Barclays as an adviser on the deal. Reuters reports: “Comcast, the top U.S. cable company, hired Barclays late last year to review its deal options, along with JPMorgan Chase & Co, which it had earlier tapped for advice, the people said. … In a successful deal, banks advising Charter would split roughly $74 million to $92 million in advisory fees while Time Warner Cable’s advisers could reap $81 million to $101 million, according to preliminary estimates by consulting firm Freeman & Co LLC.” Nice gig, as they say, if you can get it.