Shareholders mull TWC takeover


Time Warner CableTime Warner Cable shareholders may give incoming CEO Rob Marcus thumbs up to reject a $62 billion offer for the company, reports Bloomberg. Reason? The stock price keeps going up—36% so far this year. There are huge savings and efficiencies from consolidation at stake for an acquiring company such as Charter Communications or Comcast.

Comcast just named a new head of corporate development and strategy in Alexander Evans amid speculation that major MSOs in merger talks. He hails from Providence Equity Partners, where he led the firm’s New York office and was global co-head of the communications sector. Comcast has tapped JPMorgan for advice as it evaluates a potential bid for the company as well.

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Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.