Pay-television operator Charter Communications is engaged in early talks with banks to secure a debt package of $25bn (€22.4bn) to $30bn to aid a merger with fellow cable operator Time Warner Cable, according to multiple US media reports.
The board members of Time Warner Cable and Comcast have admitted defeat in their efforts to salvage a proposed $45.2bn (€42bn) takeover of the US pay-television operator by the US media company.
Pan-regional media company Turner Latin America has confirmed the acquisition of Brazilian commercial television channel Esporte Interativo.
US cable-television operator Time Warner Cable is set to introduce a new subscription fee for sports programming, according to the Charlotte Observer.
US cable-television operator Time Warner Cable has agreed a deal with independent broadcast station KDOC that will allow all local fans of the Los Angeles Dodgers to watch the MLB baseball team’s final six regular season games.
Rupert Murdoch’s 21st Century Fox has said that it has withdrawn its $80bn (€59bn) bid for rival media company Time Warner and will instead buy back $6bn of its own shares.
US cable-television operator Time Warner Cable has said it is willing to let an arbitrator determine a fair price for carriage of the SportsNet LA regional pay-television sports channel in the hope of ending a dispute with other operators over distribution of the platform, which is owned by MLB baseball team the Los Angeles Dodgers.
US cable-television operators Time Warner Cable and Bright House Networks have agreed carriage deals with sports broadcaster ESPN for the SEC Network, a new pay-television sports channel dedicated to college sport’s Southeastern Conference.
Time Warner’s board has approved a measure to block a section of its shareholders from forcing a vote on a takeover bid from rival media company 21st Century Fox, which operates the Fox Sports channels.
Rupert Murdoch’s 21st Century Fox, which owns the Fox Sports pay-television channels, had an $80bn (€59bn) bid to acquire rival media company Time Warner rejected in recent weeks, according to the New York Times newspaper.
The renewal of the National Basketball Association’s domestic media-rights deal, expected later this year, is the most eagerly awaited in US sport and will no doubt be the biggest of the year.