Craig Moffett News
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Liberty Media Corp.’s investment in Charter Communications Inc. may be billionaire John Malone’s first move in a multi-year chess game to consolidate the U.S. cable industry.
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Craig Moffett, the former top-ranked telecommunications analyst at Sanford C. Bernstein & Co., is returning to the industry with his own independent equity research firm, Moffett Research LLC.
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Craig Moffett, a top-ranked telecommunications analyst at Sanford C. Bernstein & Co., is resigning from his job after a decade at the investment bank, according to a person familiar with the situation.
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Dish Network Corp.’s counterbid for Clearwire Corp., which already agreed to a buyout by majority shareholder Sprint Nextel Corp., has analysts wondering about Dish Chairman Charlie Ergen’s motivations.
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Time Warner Cable Inc. and U.S. pay- TV companies, weighing how to profit from surging Internet demand spurred by Netflix Inc. and Hulu, are on the verge of instituting new fees on Web-access customers who use the most.
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For Sprint Nextel Corp. investors that get to cash out on 55 percent of their stock, the deal with Softbank Corp. represents the mobile-phone industry’s steepest premium in more than a decade for a company languishing at the cheapest valuation.
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Comcast Corp. and Time Warner Cable Inc. have soared to the top of S&P 500 media index this year, defying predictions of cable’s downfall, thanks in part to one big selling point: They don’t do business in Europe.
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Leap Wireless International Inc. is now left to fend for itself as the combination of MetroPCS Communications Inc. and T-Mobile USA damps takeover prospects for the unprofitable wireless carrier.
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Sprint Nextel Corp. slumped 14 percent in New York trading after AT&T Inc. agreed to buy T- Mobile USA from Deutsche Telekom AG for about $39 billion, trumping Sprint’s effort to acquire the business.
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Dish Network Corp. Chairman Charlie Ergen, a former Las Vegas card-player, says he’s prepared to build a wireless-Internet network from the ground up. The company’s stock shows investors are betting that it’s a bluff.
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