Charter Communications Inc

Igor Golovniov | Lightrocket | Getty ImagesAltice USA shares spiked 36% on Monday following a report that Charter Communications is considering buying the broadband company.Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported Monday, citing people with knowledge of the matter.Altice hasn't been approached by Charter to begin talks on a possible transaction, a person familiar with the matter told CNBC.The larger company's shares dropped about 2% on…

A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesIt's been about a week since Disney, Warner Bros. Discovery and Fox announced a new joint venture to offer live sports outside the traditional cable bundle, and pay TV distributors are still trying to figure out just how disruptive the new service will be.The key question for distributors such as Comcast, Charter and DirecTV is whether they'll be allowed to offer the same skinny bundle of linear networks that…

Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024.Jevone Moore | Icon Sportswire | Getty ImagesThe U.S. media world was rushing — or panicking? — Wednesday to try to figure out the ramifications of Disney, Warner Bros. Discovery and Fox's new joint venture, an unprecedented move to work together in the years since media companies broke out their own competing streaming platforms.The service will…

Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Mike Blake | ReutersParamount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential buyers interested in acquiring her media company — or parts of it for years — but the seriousness of those discussions has heightened in recent months.There are sector-related reasons for why a deal seems increasingly urgent. The media world is changing rapidly.…

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesThis year proved to be yet another tough one for pay TV, as more people cut the cable cord.But it wasn't exactly kind to streaming services, either, as platforms dealt with subscriber declines, slumping ad revenue and stubborn losses while Netflix continued to assert its dominance.Still, the age of the cable bundle is giving way to the era of a new kind of…

The GrinchSource: Universal Studios It's human nature for a new year to bring optimism and hope.For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint.Maybe that's too grinchy. Some things will get better. The actors' and writers' strikes are over. The 2024 U.S. presidential election should help boost advertising dollars as global TV ad revenue is on pace to decline 18% this year, according to media investment firm GroupM.Companies such as Warner Bros.…

Igor Golovniov | Lightrocket | Getty ImagesAltice USA is in talks to sell the financial news streaming service Cheddar News to L.A.-based private equity firm Regent LP, according to people familiar with the matter.No deal is assured and discussions around structure are still fluid, said the people, who asked not to be named because the talks are private.In one iteration of a potential transaction, Altice USA and Regent have discussed a deal where no money will initially exchange hands, one of the people said. Instead,…

Sopa Images | Lightrocket | Getty ImagesCharter shares plunged more than 8% on Tuesday after its CFO Jessica Fischer said the company could lose broadband subscribers in the fourth quarter.Charter competitor Comcast's stock also slipped more than 3% in midday trading."I can certainly see that it's likely that we could end up with negative internet net adds inside of Q4," Fischer said at the UBS Global Media and Communications Conference. The company saw subscribers drop in October due in part to the effects of its dispute…

A change-up is coming to Charter Communications' cable TV packages — particularly for sports networks.The cable and broadband company said Monday that it plans to start offering a new, two-tier cable package system that will allow customers to select a cheaper, sports-lite TV option without regional sports channels.The pivotal move comes as the industry has been contending with more people opting to cut cable in favor of streaming services. That's weighed heavily on sports channels and has hit regional sports networks,…

Daniel Camarena of the San Diego Padres hits a grand slam during the fourth inning of a baseball game against the Washington Nationals at Petco Park in San Diego, July 8, 2021.Denis Poroy | Getty Images Sport | Getty ImagesThe San Diego Padres have a new home base on TV.Major League Baseball will broadcast and produce the team's local games beginning Wednesday, after the owner of Bally Sports San Diego, its regional sports network for local in-market games, dropped the team.Diamond Sports, which filed for bankruptcy in…