October 8, 2004 |
Charter Communications Corp. said it lost as many as 60,000 basic cable customers in the third quarter, the fourth consecutive quarterly decline. Sales rose about 7.5% during the quarter, excluding results from cable-TV systems that were sold, the St. Louis-based company said of the preliminary results. Charter had revenue of $1.16 billion a year ago.
February 18, 1999 |
Charter Communications Corp., the cable TV company owned by billionaire Paul Allen, agreed to buy cable systems in 18 states from two closely held partnerships, broadening its business in the Southeastern U.S. Charter is buying systems with a combined 460,000 subscribers from Denver-based InterLink Communications Partners and Rifkin Acquisition Partners. Charter didn't say how much it will pay to acquire the partnership interests or how much debt is being assumed.
February 24, 1999 |
Adelphia Communications Corp., one of the nation's largest cable-television companies, said Tuesday it agreed to buy FrontierVision Partners for about $1 billion in cash and stock, its third acquisition deal in three months. Adelphia and other large cable companies are buying smaller rivals to gain customers and deliver programming more efficiently. The purchase of FrontierVision would add 702,000 cable subscribers to Adelphia's base of 2.
November 3, 2011 |
DirecTV, the largest U.S. satellite- television provider, reported a 7.7 percent increase in third- quarter profit after a football promotion helped it gain U.S. subscribers. Net income climbed to $516 million, or 70 cents a share, from $479 million, or 55 cents, a year earlier, DirecTV said today in a statement. Sales increased 14 percent to $6.84 billion, compared with analysts' $6.78 billion projection. DirecTV, based in El Segundo, California, added 327,000 U.S. users, driven by demand for its NFL Sunday Ticket promotion.
May 31, 2002 |
In an attempt to stave off bankruptcy, cable operator Adelphia Communications Corp. was in intense negotiations late Thursday with billionaire Paul Allen to secure a loan of as much as $2 billion, sources close to the talks said. Allen, who controls the nation's fourth-largest cable firm, Charter Communications Corp., was putting the finishing touches on the deal, which would be structured to protect him if Adelphia is forced to file for Chapter 11 bankruptcy protection.
May 24, 2005 |
Roger Keating, who will become head of Southern California's largest cable system if Time Warner Inc.'s proposed acquisition of Adelphia Communications Corp. is completed, promised Monday that the transaction would mean improved customer service and more advanced offerings throughout the region.