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Charter Communications buying Bright House Networks
2015-03-31 15:47:12| Telecom - Topix.net
Charter Communications Inc. is buying fellow cable operator Bright House Networks LLC in a deal valued at $10.4 billion. The business will be conducted through a partnership, with Charter owning 73.7 percent and Advance/Newhouse - the parent company of Bright House - owning 26.3 percent.
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Charter to buy Bright House Networks for USD 10.4 billion
2015-03-31 14:38:00| Telecompaper Headlines
(Telecompaper) Charter Communications announced an agreement to acquire Bright House Networks from media group Advance/Newhouse for USD 10.4 billion. Bright House is the sixth-largest cable operator in the US and will give Charter another 2 million customers in central Florida, Alabama, Indiana, Michigan and California. Advance/Newhouse will take a 26.3 percent stake in a new partnership set up to run Bright House, in which Charter will hold 73.7 percent. Advance/Newhouse will receive common and preferred shares in the partnership as well as USD 2 billion cash from Charter. Advance/Newhouse will have the right to convert its shares in the partnership into shares of Charter. Completing the deal remains subject to a number of factors, including Charter shareholder approval, the expiry of Time Warner Cable's right of first offer for Bright House, the close of Charter's previously-announced transactions with Comcast and regulatory approval. Bright House was previously run as a partnership between Time Warner and Advance/Newhouse, and TWC still handles many of Bright House's carriage agreements. Charter meanwhile is waiting for regulatory clearance of Comcast's planned takeover of TWC, part of which will include the merged company selling some assets to Charter.
Charter bulks up with $10.4bn Bright House buy
2015-03-31 02:00:00| Total Telecom industry news
Cable consolidation continues in the U.S. as number two player-elect announces multi-billion-dollar takeover deal.
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Massachusetts Composting Company Will Be Featured on a 'This Old House' Spinoff Show
2015-03-30 23:52:00| Waste Age
<a href="http://bostinno.streetwise.co/">BostInno</a> Ask This Old House, the long-running spinoff home improvement program, is airing an episode on home composting in Winchester and Charlestown on WGBH on Tuesday, March 31st. The episode will also feature Bootstrap Compost, a local composting company. read more
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featured
Investors expect cost cutting from new Maxwell House parent
2015-03-30 19:39:48| Railroads - Topix.net
Last year, Kraft Foods Group Inc. demonstrated its commitment to its Maxwell House coffee plant in Downtown Jacksonville by promising to add 10 new jobs to its 227 employees, in exchange for $425,000 in city incentives. However, Kraft last week announced a mega merger with H.J. Heinz Co.
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cost
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