Cable television broadcasting industry
Cablevision Systems has submitted a solo bid for Adelphia Communications, offering $16.5 billion in cash to acquire the company. This move pits Cablevision against its rival, Time Warner, which has partnered with Comcast to submit a bid worth $17.6 billion in cash and warrants for stock in a
Cable television broadcasting industry
The battle for Adelphia Communications, a bankrupt cable operator, has taken a dramatic turn with Cablevision Systems, a New York-based cable group, entering the fray with a $16.5 billion all-cash offer. This bid puts Cablevision in direct competition with Time Warner and Comcast, two rival cable groups that had
Cable television broadcasting industry
Time Warner and Comcast have been long considered front-runners to buy Adelphia, but the bankrupty US cable operator may face stiffer competition in the coming weeks. Kohlberg Kravis Roberts and Providence Equity Partners, two buy-out groups, are in advanced discussions with Cablevision Systems to join their bid for Adelphia, potentially
Cable television broadcasting industry
Cablevision Systems is engaging in advanced talks to join Kohlberg Kravis Roberts and Providence Equity Partners in their bid for Adelphia Communications, surprising executives who had believed the auction would be won by the Time Warner and Comcast alliance. The inclusion of Cablevision would significantly alter the equation, merging the
Cable television broadcasting industry
Motorola and MTV International have teamed up to create a groundbreaking mobile handset experience, dubbed "HIJACKED by MTV". This innovative partnership brings a unique and rebellious mobile experience to the latest Motorola handsets, tailored to the needs and desires of the MTV generation. The joint effort between Motorola
Cable television broadcasting industry
Viacom's decision to break its media conglomerate into two public companies has been met with skepticism by some Wall Street analysts, who fear that the company has waited too long to capitalize on its thriving cable unit. The cable business, which includes MTV, Nickelodeon, and VH1, has long
Cable television broadcasting industry
TiVo's shares saw a substantial increase of 50% on the news of a multi-year deal with Comcast, the largest US cable operator with 21.5 million subscribers. Under the agreement, TiVo will develop a version of its digital video recorder (DVR) service, which will be integrated on Comcast&
Cable television broadcasting industry
TiVo Inc. and Comcast have reached a significant agreement, making the TiVo service and advertising capability widely available to Comcast customers in the majority of the company's markets. This development has led to a substantial increase in TiVo's stock price. In other notable moves, Medicore, Inc.
Cable television broadcasting industry
The Justice Department's antitrust staff is recommending that Oracle Corp.'s $9.4 billion hostile bid for PeopleSoft Inc. be blocked, citing concerns that the merger would narrow the market for some corporate-applications software. Oracle's bid has been opposed by PeopleSoft's largest customers,
Cable television broadcasting industry
Comcast Corporation and Gemstar-TV Guide International have announced a landmark agreement to form a joint interactive program guide (IPG) development group, combining their expertise to create an industry-leading guide for Comcast and the cable industry as a whole. The joint venture, which will be 51% owned by Comcast and 49%
Cable television broadcasting industry
Violence has escalated in Venezuela's capital, Caracas, as demonstrations against President Hugo Chavez continue, leaving at least two people dead and dozens injured. The confrontations, which began over a month ago, have severely impacted the country's economy, with analysts warning that Venezuela may default on its
Cable television broadcasting industry
CNN is positioning itself for a possible war in the Persian Gulf, investing $35 million in coverage and deploying dozens of reporters to the region. However, the network faces stiff competition from Fox News Channel, which is also heavily investing in war coverage. A ratings victory for CNN would solidify
