February 25, 2024 Breaking News, Latest News, and Videos

Charter Communications To Acquire Time Warner Cable In $55 Billion Deal:

Charter Communications is poised to scoop up Time Warner Cable in a $55 billion deal that would make it the largest pay-TV provider in Southern California, it was reported today.

The acquisition, expected to be announced today, is considered more likely to clear regulatory hurdles than the recently scuttled acquisition of Time Warner Cable by Comcast Corp., the Los Angeles Times reported. That’s partly because the combined company would be far smaller, with 17 million customers nationwide. Had Comcast succeeded, it would have served 30 million households.

Charter, backed by cable pioneer John Malone’s Liberty Media Corp., would nonetheless command a giant footprint in Southern California, with more than 2 million customers in Los Angeles, Riverside, San Bernardino, Orange, San Diego, Ventura and Santa Barbara counties, according to The Times.

The proposed union of two of the Southland’s biggest cable companies has the potential to break the logjam in the yearlong stalemate over distribution of the Los Angeles Dodgers’ TV channel. As a goodwill gesture, Charter could quickly begin carrying the SportsNet LA channel, which is owned by the Dodgers, for its current customers in Southern California, The Times reported.

Such a move would enable baseball fans in Glendale, Malibu, Burbank, La Canada Flintridge, Long Beach and other areas currently served by Charter to watch Dodgers games on SportsNet LA. Time Warner Cable has been the only major distributor in Southern California to carry the network since it launched at the start of the 2014 baseball season.

Charter of Stamford, Connecticut, and Time Warner Cable of New York City began negotiating the proposed acquisition soon after federal regulators signaled in late April that they would seek to block Comcast’s proposed $45 billion takeover of Time Warner Cable.

in News
Related Posts

(Video) Baltaire’s DJ Brunch is Ready to Make Your Weekend Fabulous

February 23, 2024

February 23, 2024

Baltaire is America’s Favorite Neighborhood Steakhouse. A Contemporary Restaurant in Brentwood With Classic Genes, Baltaire Is Where to Enjoy Brunch...

During Lean Times for the City, Certain Staff Members Slated to Get Hefty Raises

February 23, 2024

February 23, 2024

Proposed Equity Adjustments Raise Questions Amid Budgetary Concerns The next Santa Monica City Council Meeting will be held on Tuesday,...

Blue Bus Seeks Input on How to Improve Service

February 22, 2024

February 22, 2024

Through Brighter Blue, Big Blue Bus Aims to Develop a Strategic Plan for Implementing System Enhancements Over Five Years Santa...

Amid Delays, House of Pies Sets New Opening Date for Venice Spot

February 22, 2024

February 22, 2024

For About a Year, the Development’s Construction Has Seemingly Been Inactive By Zach Armstrong House of Pies, a popular L.A....

(Video) Russian River’s Pliny the Younger 2024 at Father’s Office in Culver City

February 22, 2024

February 22, 2024

Russian River’s Pliny the Younger 2024  at Father’s Office in Culver City. The ticket got you two pours of the...

Culinary Bliss Awaits: Los Angeles Wine & Food Festival Debuts in Santa Monica

February 21, 2024

February 21, 2024

Santa Monica Pier Welcomes the Inaugural Los Angeles Wine & Food Festival Santa Monica is set to become the birthplace...

Indulge Your Cookie Cravings and Support Local Scouts: Girl Scout Cookie® Sales Now Open

February 21, 2024

February 21, 2024

Multiple Ways to Purchase Iconic Cookies and Make a Difference You can satisfy your Girl Scout Cookie® cravings this season...

Popular Coffee & Tea Franchise Opens Another Santa Monica Spot

February 21, 2024

February 21, 2024

The News Comes Four Months After the Announcement of Its Third Santa Monica Outpost By Zach Armstrong Coffee Bean &...

Bruce Lurie Gallery Unveils “Give Us Our Flowers” Exhibition

February 21, 2024

February 21, 2024

Philoche’s painting style incorporates vintage subjects to convey a tribute to the resilience of human spirit.  Bruce Lurie Gallery presents...

Portraiture Masterclass with Renowned Photographer Coming to Venice Beach

February 21, 2024

February 21, 2024

Participants will explore the boardwalk alongside Alan, honing their creativity and engaging with the local community. Renowned photographer Alan Shapiro...

“Women in Jazz” Event at the Moss Theater to Benefit College Scholarship Program

February 20, 2024

February 20, 2024

The Scholarship Trains Students to be Ambassadors for Antiracist Learning and Teaching Los Angeles-based jazz vocalist Amber Weekes, an alumna...

Countdown to the 30th Annual SAG Awards: Celebrating Excellence in Film and TV

February 20, 2024

February 20, 2024

SAG Awards Ceremony Set for Feb. 24, 2024, to be Globally Streamed on Netflix The anticipation for the 30th Annual...

“20’s/20s” Exhibit at ARCANE to Showcase Emerging Artists’ Work

February 20, 2024

February 20, 2024

The Featured Artists Were All in Their Twenties During the 2020s ARCANE Space is set to host an exhibition showcasing...

(Video) If Not Now Los Angeles Protest at Vice President Kamala Harris’ Home in Brentwood

February 20, 2024

February 20, 2024

The group held a Shiva or Jewish mourning ceremony as a protest. @smmirrornews If Not Now Los Angeles Protest at...

Atmospheric River Update for Los Angeles, Santa Monica, and Malibu for February 19

February 19, 2024

February 19, 2024

Road Closures, Mudslides, and Heaviest Rainfall of This Storm Still on the Way The City of Los Angeles intensified its...