Charter Communications Inc
Stocks building the largest moves premarket: Alphabet, Microsoft, Intel, Snap and a lot more
Check out the providers producing headlines right before the bell: Microsoft — Shares gained 4% right after the tech huge described fiscal 3rd-quarter results that topped anticipations as its Azure enterprise continued to display momentum. Alphabet — The tech behemoth surged far more than 11%. Alphabet posted initial-quarter benefits that topped estimates and issued its […]
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Altice USA shares spike 50% on report Charter is considering acquisition
Igor Golovniov | Lightrocket | Getty Images Altice USA shares spiked as much as about 50% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported Monday, citing people with knowledge […]
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Pay TV distributors may be planning their attack against new sports joint venture
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images It’s been about a week since Disney, Warner Bros. Discovery and Fox announced a new joint venture to offer live sports outside the traditional cable bundle, and pay TV distributors are still trying to figure out […]
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New sporting activities streaming bundle could be a 'monster' — or a dud. In this article are the biggest remaining questions
Los Angeles Lakers ahead LeBron James (23) during the NBA game involving the Los Angeles Clippers and the Los Angeles Lakers on January 07, 2024, at Crypto.com Arena in Los Angeles, CA. Jevone Moore | Icon Sportswire | Getty Visuals The U.S. media earth was hurrying — panicking? — Wednesday to check out to determine […]
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Why Shari Redstone is trying to sell Paramount — and why she needs the right deal
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Paramount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential buyers interested in acquiring her media company — or parts of it for years — but […]
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2024 is shaping up to be the year of the streaming bundle
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images This year proved to be yet another tough one for pay TV, as more people cut the cable cord. But it wasn’t exactly kind to streaming […]
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Will 2024 bring good tidings to media and telecom companies? That's unlikely
The Grinch Source: Universal Studios It’s human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint. Maybe that’s too grinchy. Some things will get better. The actors’ and writers’ strikes are over. The 2024 U.S. presidential election should […]
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Altice USA in talks to sell Cheddar News to private equity firm Regent
Igor Golovniov | Lightrocket | Getty Images Altice USA is in talks to sell the financial news streaming service Cheddar News to L.A.-based private equity firm Regent LP, according to people familiar with the matter. No deal is assured and discussions around structure are still fluid, said the people, who asked not to be named […]
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Charter shares plunge after CFO says company may lose broadband subscribers in fourth quarter
Sopa Images | Lightrocket | Getty Images Charter shares plunged more than 8% on Tuesday after its CFO Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast‘s stock also slipped more than 3% in midday trading. “I can certainly see that it’s likely that we could end up […]
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Disney gives investors a look at ESPN financials, including recent revenue declines
SportsCenter at ESPN Headquarters. The Washington Post | The Washington Post | Getty Images The reorganization of Disney‘s business is giving investors a glimpse at ESPN’s financials for the first time. The inside look – which shows ESPN’s revenue has been decreasing in recent quarters – comes as the parent company looks for a strategic […]
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