Topics

Comcast Corporation
Charter's losses grow in wake of Comcast-TWC deal collapse

Charter Communications' first-quarter loss deepened as its customer growth slowed and a major cable-industry deal imploded. Charter was set to buy Bright House Networks LLC for $10 billion, but the acquisition was contingent on Comcast's proposed $45 billion buyout of Time Warner Cable Inc. Charter is renegotiating with Bright House to try to buy it, said CEO Tom Rutledge on a conference call with analysts. The transaction that involved Comcast, Time Warner Cable and Charter dissolved because of federal regulators' antitrust concerns. Charter was in line to pick up millions of new subscribers that were to be shed by the new Comcast-Time Warner. Cable companies have been...

Loading