John Malone, the billionaire chairman of the Liberty group of companies, said he’d be interested in agreements with U.S. cable carriers to move toward an industry alliance.
Cablevision Systems Corp. dropped the most in seven weeks after saying Chief Operating Officer Tom Rutledge will step down this month for undisclosed reasons.
Charter Communications Inc., the fourth-largest U.S. cable operator, rose the most in more than three years as higher prices helped boost video revenue.
Charter Communications Inc. agreed to buy Cablevision Systems Corp.’s Optimum West for $1.63 billion in cash, gaining a regional cable provider in the western U.S.
Jones Day opened an Amsterdam office and hired two mergers and acquisitions partners, Marcel van de Vorst, formerly of Norton Rose LLP, and Marc Rijkaart van Cappellen, of Baker & McKenzie LLP.
Cablevision Systems Corp. may try to go private or seek a buyer following the resignation of Chief Operating Officer Tom Rutledge, analysts said.
Cablevision Systems Corp. is now the cheapest U.S. cable or satellite-television provider for potential acquirers from Time Warner Cable Inc. to Comcast Corp. following the resignation of its chief operating officer.
Charter Communications Inc. gained more than 5 percent in New York trading after naming Thomas Rutledge chief executive officer to help lead the company back to profitability.
Time Warner Cable Inc., the second- largest U.S. cable provider, has made a first-round bid to buy Cablevision Systems Corp.’s Optimum West business, according to people familiar with the situation.
"After a year at Charter, we're where I expected us to be at this stage."
- Tom Rutledge on Feb 22, 2013