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Charter May Buy Cablevision's Western Networks
CEO Dolan Says He's Receptive to a Deal
by Karl Bode 08:43AM Friday Nov 16 2012
Charter has shown interest in acquiring Cablevision's networks in the west, and Cablevision has shown interest in listening to offers. Light Reading (via Stop the Cap) notes that confirmation of a possible deal was made by CEO Jim Dolan during Cablevision's recent earnings conference call. "While it has not been our intention to divest this valuable asset, based on the approaches that we have received, we've decided to explore a potential transaction." You may recall that Cablevision acquired those networks by Buying Bresnan Communications back in 2010. The networks in question currently serve around 320,000 subscribers in scattered portions of Colorado, Montana, Wyoming and Utah.

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dug

@charter.com

Beginning of Cable consolidations?

This could be the start of the cable company's filling in the holes of their clusters.

IowaMan
Premium
join:2008-08-21
Grinnell, IA

Re: Beginning of Cable consolidations?

Hmm... Makes me think Mediacom would want to "sell out" as well. I mean look at the footprint, Iowa could be split as well has Minnesota would go to all of Comcast. Maybe Iowa?

IowaCowboy
Want to go back to Iowa
Premium
join:2010-10-16
Springfield, MA
Reviews:
·Verizon Broadban..
·Comcast

Re: Beginning of Cable consolidations?

The cable system in my hometown of Cedar Rapids (IA) was always changing hands during my youth. I think Mediacom has owned it the longest. It was previously owned by Cox, TCI, and AT&T Broadband. I am surprised Comcast did not take the Cedar Rapids cable system over like they did the AT&T broadband system where I live now (Springfield, MA).

Maybe Comcast does not want to serve rural areas like Iowa. Probably the only major service provider that would take over Iowa cable systems would be Time Warner. Time Warner is the dominant provider in Maine, which is rural like Iowa except they have large forests of pine trees instead of open cornfields. Massachusetts is pretty urban except for the western part of the state outside the Springfield metro area.

Methos Word

@charter.com

Re: Beginning of Cable consolidations?

Wow! Thanks for the geography lesson! Next time a topographical map would help boost your presentation power. I'm just sayin'...
rradina

join:2000-08-08
Chesterfield, MO

1 recommendation

Charter's Financial Condition

Does Charter have the financial capability to do something like this? They've been dealing with a heavy debt load after they went on an acquisition tear in the late 90s before the .com bubble burst. I hope Tom knows what he's doing.

I've been reasonably happy with their services and ability to advance their products. I hope Tom doesn't think like the banks and believe that bigger must be better. Charter seemed to be headed in the direction of realizing that data rather than traditional video packages might have the brightest future. I know cable is losing video customers but it seems that pain is offset since telco is letting DSL die while they focus on wireless.

tshirt
Premium,MVM
join:2004-07-11
Snohomish, WA
kudos:4
Reviews:
·Comcast

Re: Charter's Financial Condition

They all have debt, charter's main problem is lack of cashflow, which they can temporarily solve with new subs.
Eventually, the new debt will come due, and they will be back where they are now times 2..unless they raise prices on broadband.
It's about buying some time, and being too big to fail. (ie Hoping for another writedown from creditors (or finding a new batch of suckers)
TransitJohn

join:2009-05-08
Littleton, CO

Not the midwest

Not the midwest at all.
sk1939
Premium
join:2010-10-23
Mclean, VA
kudos:10
Reviews:
·T-Mobile US
·Verizon FiOS

Re: Not the midwest

said by TransitJohn:

Not the midwest at all.

I know that Illinois (SBC territory) is also Comcast territory.

88615298
Premium
join:2004-07-28
West Tenness

Re: Not the midwest

said by sk1939:

said by TransitJohn:

Not the midwest at all.

I know that Illinois (SBC territory) is also Comcast territory.

Charter does have some customers in Illinois. Mainly in the southern part.

Simba7
I Void Warranties

join:2003-03-24
Billings, MT

2 edits

Two words to this..

..oh shit..

Like Cablevision didn't screw Bresnan up enough. I've heard it's been hell at the call centers and the new policies are upsetting the existing personnel.

From what I hear, their customer service has actually fallen quite a bit after Cablevision took over. I can only imagine what Charter would do to it.

IowaCowboy
Want to go back to Iowa
Premium
join:2010-10-16
Springfield, MA
Reviews:
·Verizon Broadban..
·Comcast

Re: Two words to this..

said by Simba7:

..oh shit..

Like Cablevision didn't screw Bresnan up enough. I've heard it's been hell at the call centers and the new policies are upsetting the existing personnel.

From what I hear, their customer service has actually fallen quite a bit after Cablevision took over. I can only imagine what Charter would do to it.

I feel your pain, living in an area that is predominantly Comcast and Charter, I have only dealt with Comcast but according to some of the locals, Charter is the worst. At least I have Comcast which is the lesser of the two evils. Time Warner is pretty decent as we have them at my Grandma's house in Maine. Time Warner may be slow on upgrades (took forever to get D3) but they have better customer service.

I am glad we don't have Charter here.
osravens

join:2011-01-26
Cumberland, MD

OK

Considering the closeness of Tom Rutledge to Cablevision, could Charter and Cablevision end up merging entirely?

88615298
Premium
join:2004-07-28
West Tenness

Re: OK

doubtful

antdude
A Ninja Ant
Premium,VIP
join:2001-03-25
United State
kudos:4

I thought Charter was broke?

I am confused!
ltt75

join:2001-01-22
Hollis, NH

Swamp or Merger

purchase? not likely... maybe a territory swamp or outright merger sounds more likely
tmc8080

join:2004-04-24
Brooklyn, NY
Reviews:
·ooma
·Optimum Online
·Verizon FiOS

buying the future

there are new upgrades to consider and cablevision probably doesn't have the resources to upgrade the entire network.. so for the right price, they'd love to unload 25% of their non-core subscriber holdings..

either another generation of docsis or fiber are going to come to most cable companies.. it's just a couple of questions of which and when..

ALturnative

@charter.com

OMG this website ACTUALLY reports something on charter????

Usually this site totally ignores important moves by Charter - So thanks Karl, I was giving up on this site-

I work with (not for) Charter, and their new CEO is really aggressive about changing the company and expansion -

We are taking many customers away from verizon with our new 30 MBPS speed - but yea- This new "west cost" style CEO sure did up the prices
horseathalt7

join:2012-06-11
Reviews:
·DIRECTV

Re: OMG this website ACTUALLY reports something on charter????

said by ALturnative :

- but yea- This new "west cost" style CEO sure did up the prices

Exactly.... Tommy Boy Rutledge sticking it to the long time loyal customers with significant price hikes disguised with higher speeds that many do not want or need.

IowaCowboy
Want to go back to Iowa
Premium
join:2010-10-16
Springfield, MA
Reviews:
·Verizon Broadban..
·Comcast

Charter

I like in an area that is dominantly Comcast and Charter. Fortunately my area is served by Comcast as I know several people that live in charter turf and they say they are the worst. I would not mind if Charter went out of business. Maybe Comcast will buy their systems and swap some (hopefully my area) to Time Warner. In the world of service providers, I think the best one is Time Warner and maybe Biddeford (ME) will get sold to Comcast.

C0deZer0
Oc'D To Rhythm And Police
Premium
join:2001-10-03
Tempe, AZ

Dolan?!

You mean that miserably drawn knockoff of Donald Duck? Seriously?!

The guy has become that sad of a meme now?
--
Because, f*ck Sony

bigdaddyof10

@bresnan.net

unsure of future

sad i have worked with charter had charter and have worked with optimum (Cablevision) and had optimum. optimum much better then charter and have already done so many upgrades to what used to be bresnen which i also had and worked with. charter was lousy and almost sure will turn the optimum market to be the same. I hope the deal don't go. also i have heard the top 7 ppl on the charter corporate lineup came from Cablevision so i could see a merger