Cablevision Takes Interest In A Merger Deal With Time Warner Cable

Cablevision is all set to become partners with Time Warner, only a matter of time now.

 Cablevision Systems Corporation has been the most famous pay cable TV provider. The company is the powerhouse of the media and telecommunications sector and has dominated it for ages. It boasts about its services that it offers to customers including digital TV, internet, and programming services. Hence, the company claims itself to be the best out there. Recently it was found out that the industry is still coping up with the loss of the deal collapsed between Comcast Corporation and Time Warner Cable. Time Warner Cable was in a pursuit to acquire Comcast.

But as the deal is now collapsed, analysts believed that Cablevision is a very strong acquisition target for Time Warner now. It has been two weeks since the deal collapsed and all eyes are now on Cablevision and Time Warner. The CEO of the company Jim Dolan stated in an interview that his company can make a good partner for Time Warner Cable. This is a hint that suggests that Cablevision is interested in the deal and the industry might see a merger sooner or later. Time Warner is responsible for powering up the main cable system of Manhattan.

Jim Dolan said “If we focused on the markets, I think that would bring more to the consumer, and I think it would make the business more valuable.” The chief executive mentioned that he has not talked information about the deal with Time Warner and its CEO. However, he added “We're interested. They'd have to see the value in it too. I'm sure I'll talk to them about the value of it, because I think it's there.” It is believed that the market value of Time Warner is seven times the size of Cablevision.

The company is keen to grow and grow more to consolidate the rising popularity of satellite TV as well tough competition from companies that offer online video content such as Netflix. It has been doing a lot to offer its customers with the best deals and services it can. Hence the company also launched Hulu’s streaming services on its platform.

This news and interest from the CEO of Cablevision resulted in a sudden increase in the shares of the company as well. According to sources, the shares of the company were up by 3 percent and Cablevision stock price rose to $20.97 in the market.

The company is all set to compete against any company in the media industry with its latest entertainment offerings. And by signing a deal with Time Warner, they both can do wonders in the industry.