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Warner Bros. Is Said to Rebuff Paramount Takeover Approach
MINT· 2025-10-12 03:03
(Bloomberg) -- Warner Bros Discovery Inc. has rebuffed Paramount Skydance Corp.’s initial takeover approach for being too low, according to people familiar with the matter.Warner Bros. rejected Paramount’s offer of around $20 per share in recent weeks, the people said, asking not to be identified because the matter is private.Paramount, led by David Ellison, has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a ...
Bernstein Lowers the PT on Charter Communications (CHTR), Keeps a Buy
Yahoo Finance· 2025-09-16 15:55
Charter Communications, Inc. (NASDAQ:CHTR) is one of the Top Large Cap Stocks to Buy At 52-Week Low. On September 10, Laurent Yoon from Bernstein lowered the firm’s price target on Charter Communications, Inc. (NASDAQ:CHTR) from $380 to $350, while keeping an Overweight rating on the stock. The analyst noted that he expects the competition to grow tougher in the sector. He believes that this tough competition could affect the companies in many ways and also make some stronger through mergers. He noted tha ...
WOW! REPORTS SECOND QUARTER 2025 RESULTS
Prnewswire· 2025-08-11 20:54
Core Insights - WideOpenWest, Inc. ("WOW!") reported a total revenue of $144.2 million for Q2 2025, a decrease of $14.6 million, or 9.2%, compared to Q2 2024 [3][11] - The company experienced a net loss of $17.8 million in Q2 2025, compared to a net loss of $10.8 million in Q2 2024, resulting in a net profit margin of (12.3)% [8][11] - WOW! passed an additional 15,500 homes in its Greenfield markets during Q2 2025, bringing the total homes passed to approximately 91,100 with a penetration rate of 16.0% [11][12] Revenue Performance - Total subscription revenue for Q2 2025 was $132.9 million, down $13.6 million, or 9.3%, from the same period in 2024, primarily due to a shift in service offering mix and a decrease in volume across all services [4] - High-Speed Data (HSD) revenue totaled $104.8 million, a slight decrease of $0.2 million, or 0.2%, compared to Q2 2024 [11] Subscriber Metrics - WOW! reported approximately 469,600 total subscribers as of June 30, 2025, a decrease of 25,600, or 5%, compared to the same date in 2024 [10] - HSD Revenue Generating Units (RGUs) totaled 462,000, down 23,000, or 5%, compared to June 30, 2024 [10] Cost Management - Operating expenses (excluding depreciation and amortization) were $55.2 million for Q2 2025, down $9.4 million, or 14.6%, compared to Q2 2024, driven by reductions in direct operating expenses [7] - Selling, General, and Administrative expenses totaled $35.9 million, down $1.9 million, or 5.0%, compared to the same period in 2024 [7] Adjusted EBITDA - Adjusted EBITDA for Q2 2025 was $70.3 million, an increase of $0.3 million, or 0.4%, compared to Q2 2024, with an adjusted EBITDA margin of 48.8% [9][11] Capital Expenditures - Capital expenditures totaled $47.9 million for Q2 2025, a decrease of $3.2 million compared to Q2 2024, primarily due to timing of spend on market expansion initiatives [14] Market Expansion - The company passed an additional 19,000 homes in market expansion projects during Q2 2025, including 15,500 in Greenfield markets and 3,500 in Edge-out projects [11][12] Acquisition Announcement - WOW! announced an agreement for acquisition by affiliated investment funds of DigitalBridge Investments and Crestview Partners for $5.20 per share in an all-cash transaction [17]
IDB Invest and Bladex Support Tigo El Salvador to Expand Broadband Infrastructure and Enhance Digital Inclusion
Prnewswire· 2025-07-28 22:10
Financing Overview - IDB Invest and Bladex are providing a financing package of up to $205 million to Telemóvil El Salvador, S.A. de C.V. (Tigo) for the expansion of its broadband network and mobile infrastructure [1][7] - The financing package includes a $150 million loan, with $75 million from each IDB Invest and Bladex, a $30 million Revolving Credit Facility (RCF), and a $25 million Digital Account Receivables Discount Facility, all aimed at enhancing Tigo's services [2] Project Objectives - The project aims to improve productivity, digital inclusion, and economic resilience by expanding and upgrading network infrastructure in response to expected surges in data traffic [3] - Enhanced broadband services are intended to unlock access to digital education, telehealth, and e-commerce opportunities for underserved populations [3] Company Profiles - IDB Invest is a multilateral development bank focused on promoting economic development in Latin America and the Caribbean through private sector financing, managing a portfolio of $21 billion [4] - Bladex, founded in 1979, promotes trade finance and economic integration in Latin America and the Caribbean, providing financial solutions to institutions and corporations in the region [5] - Tigo, a subsidiary of Millicom, has been a leader in El Salvador's digital evolution since 1992, offering high-speed internet, mobile services, and promoting financial inclusion through Tigo Money [6]
WOW! Marks Entrance into East Central Michigan with $10,000 Donation to Livingston County Habitat for Humanity for Veteran Home Repair Project
Prnewswire· 2025-06-18 13:00
Core Insights - WOW! Internet, TV & Phone has made a $10,000 donation to Livingston County Habitat for Humanity to support community initiatives and home safety repairs for a local veteran [1][2][4] - The company is actively involved in community service, including participation in Habitat for Humanity's annual gala to further support home building and repair projects [3][4] - WOW! is expanding its all-fiber network to additional communities in Michigan, aiming to add 80,000 homes as part of its Greenfield expansion initiative [4][5] Company Initiatives - The donation from WOW! will enable critical safety repairs for a veteran's home, including replacing flooring and extending doorways [2][4] - WOW! is a presenting sponsor at the upcoming Habitat for Humanity gala, with funds raised earmarked for the organization's building program [3][4] - The company emphasizes its commitment to community service alongside its broadband service offerings [4] Service Offerings - WOW! provides an all-fiber network with high-speed internet, simplified pricing, and no data caps, catering to both residential and business customers [5][7] - The company offers additional services such as WOW! mobile powered by Reach and bundling options with YouTube TV [5][7] - WOW! serves nearly 2 million consumers across 20 markets, primarily in the Midwest and Southeast [7]
Charter Communications to buy cable TV rival Cox for nearly $22B
New York Post· 2025-05-16 15:10
Core Viewpoint - Charter Communications is acquiring Cox Communications for $21.9 billion, aiming to strengthen its position against streaming services and mobile carriers in the US cable and broadband market [1][2]. Group 1: Merger Details - The merger is valued at $21.9 billion, with Charter assuming approximately $12.6 billion of Cox's net debt, resulting in an enterprise value of about $34.5 billion [5]. - The combined company will rebrand as Cox Communications within a year, with Charter's Spectrum brand being used in Cox markets [6]. - Cox Enterprises will hold a 23% stake in the merged entity, with its CEO Alex Taylor serving as chairman [5][8]. Group 2: Strategic Implications - The merger will enable Charter to better bundle broadband and mobile services, enhancing its competitiveness against wireless providers like T-Mobile [2]. - Charter's strategy of integrating internet, TV, and mobile services into customizable packages has proven effective, as evidenced by beating quarterly revenue estimates [4]. - The combination is expected to enhance innovation and provide competitively priced products, according to Charter's CEO Chris Winfrey [5][10]. Group 3: Historical Context - Charter and Cox had previously discussed a merger in 2013, but the plan was shelved until recent speculation was reignited by comments from cable billionaire John Malone [7]. - The acquisition of Cox follows Charter's earlier agreement to buy Liberty Broadband, indicating a trend of consolidation in the cable industry [9].