The spat between News Corp. and Cablevision System Corp. that blacked out Fox programming for more than 3 million subscribers may raise hurdles for Comcast Corp. ’s $28 billion deal to take control of NBC Universal.
Dish Network Corp. Chairman Charlie Ergen recently contacted DirecTV Chief Executive Officer Mike White to discuss a merger of the two satellite television companies, according to several people with knowledge of the matter. Shares of both companies rose.
American Tower Corp. and Crown Castle International Corp., whose shares have reached records this month, are in a sweet spot: handling a surge in cellular traffic as wireless companies upgrade for a new generation of bandwidth-hungry smartphones and tablets.
Deutsche Telekom AG’s T-Mobile USA agreed to sell the rights to operate 7,200 cellular towers to Crown Castle International Corp. for $2.4 billion, providing cash to invest in the carrier’s U.S. wireless network.
Time Warner Cable Inc., the second- largest U.S. cable-television provider, gained the most since April 2009 after reporting quarterly profit that beat analysts’ estimates and announcing a $4 billion share buyback plan.