Transactions

Former Bresnan Execs Buy Allegiance

Deal Part of Aggressive Growth Plan
Deal Part of Aggressive Growth Plan

BCI Broadband, a new player on the cable systems scene headed by two former Bresnan Communications executives, has agreed to purchase small market MSO Allegiance Communications in a deal the company says could be the first in an aggressive growth plan.

BCI is headed by former Bresnan president Jeff DeMond and former Bresnan chief financial officer Andrew Kober. BCI is backed by BBH Capital Partners, the private equity division of investment bank Brown Bros. Harriman.

Rogers Buys Shaw System, Spectrum for $710M

Shaw Will Also Purchase Rogers Interest in Canadian Channel TVtropolis
Shaw Will Also Purchase Rogers Interest in Canadian Channel TVtropolis

Canadian telecom giant Rogers Communications said it will acquire wireless spectrum and a cable system from Shaw Communications in a deal valued at about $710 million.

Comcast to Take $150M Stake in Arris With Motorola Home Deal

MSO and Google to Each Hold 7.85% Stake in Arris
MSO and Google to Each Hold 7.85% Stake in Arris

In a four-way transaction, Arris Group said it will sell Comcast approximately $150 million in stock in connection with Arris’s proposed $2.35 billion deal for Motorola Mobility's Home business with Google -- which will result in the cable company and Google each owning about 7.85% of Arris.

CES: TV Execs, CE Players Talk Smart TV Deals

Business Models for Getting Content onto Smart TVs Remain in Flux
Business Models for Getting Content onto Smart TVs Remain in Flux
 
Behind all the hoopla over smart TVs at CES lies a much less talked about, but potentially very important subject for the TV and consumer electronics industry: the deal-making involved in getting apps and content onto those TVs.

Wave Completes Black Rock Deal

Acquisition Should Boost Commercial Services Offerings
Acquisition Should Boost Commercial Services Offerings

WaveDivision Holdings said it has completed the $50 million acquisition of Black Rock Cable, a Bellingham, Wash.-based fiber optic  network services provider that it says will help it expand its commercial services offerings throughout the Northwest.

WaveDivision, parent of Wave Broadband which has about 400,000 customers in parts of Washington, Oregon and Northern California, recently completed a $1 billion recapitalization to help finance its continued growth.

Liberty Sets Starz Spin Date

Shares Will Begin Trading “When-Issued” on Jan. 10
Shares Will Begin Trading “When-Issued” on Jan. 10

Liberty Media has set Jan. 11 as the effective date for its planned spin-off of its Starz premium channel, adding that the stock should begin trading on a when-issued basis beginning Jan. 10.

Liberty had announced its intention to separate its Starz assets in August.

Dish Launches Clearwire Bid

Satellite Giant’s $3.30 Per Share Offer Could Trump Sprint
Satellite Giant’s $3.30 Per Share Offer Could Trump Sprint

Dish Network launched a surprise bid for Clearwire late Tuesday, offering more than $5 billion for the troubled WiMax pioneer and potentially setting the stage for a battle for control with its largest shareholder Sprint Nextel.

In a brief statement Tuesday, Dish said that it had approached Clearwire and made an offer of $3.30 per share for its outstanding stock, a bid that would appear to far outpace the $2.97 per share that Sprint-Nextel agreed to pay for the remaining shares it does not already own in the WiMax pioneer.

Liberty Gets FCC Nod For Sirius Control

Transfer Expected in 60 Days
Transfer Expected in 60 Days

Liberty Media said it has received approval from the Federal Communications Commission for control of Sirius XM, ending a nine-month effort to gain saga to take over the satellite radio pioneer.

In a brief statement Jan. 3, Liberty said the FCC granted it “de jure control” of Sirius. The programming giant said it expected to complete the transfer of control of Sirius within 60 days.

CSG Extends Time Warner Cable Deal

Agreement Goes Through March 2017
Agreement Goes Through March 2017

Billing services giant CSG Systems International said it has extended its customer care and billing contract with Time Warner Cable through March 2017.

Tribune Emerges From Bankruptcy

Liguori Expected To Be Named CEO
Liguori Expected To Be Named CEO

Media giant Tribune Co., parent to several major newspapers, television stations and the WGN America cable network, emerged from bankruptcy protection on Monday and is expected to name long-time cable executive Peter Liguori as its new CEO in the coming weeks.

Tribune is parent to eight daily newspapers across the country including the Los Angeles Times and Chicago Tribune,  23 television stations, the WGN America cable channel and has a one-third interest in The Food Network.

Syndicate content