Time Warner Cable Inc (TWC) : Newbrook Capital Advisors Lp scooped up 14,071 additional shares in Time Warner Cable Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 242,193 shares of Time Warner Cable Inc which is valued at $52.2 Million.Time Warner Cable Inc makes up approximately 7.19% of Newbrook Capital Advisors Lp’s portfolio.
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Apple raised the possibility of buying Time Warner, the parent company of Warner Bros., CNN and HBO, according to the Financial Times. While talks never went beyond a preliminary stage, the iPhone maker is still in the market to buy a media company to boost its original content output. The report quotes three people briefed on the matter, who report the proposal was made last year at a meeting between Eddy Cue, who leads Apple's iTunes, iCloud and Music divisions, and Olaf Olafsson, Time Warner’s head of corporate strategy. The meeting was arranged to discuss possible tie ups between the companies including the inclusion of Time Warner's cable channels on future video streaming services from Apple. In the aftermath of a landmark merger, the cost of services and products will not change immediately for Time Warner Cable customers, according to Charter Communications. As announced last week, Charter has completed its purchase of Time Warner Cable and the small cable provider Bright House Networks. The transactions have turned a mid-size cable company into the nation's second-largest home Internet provider and third-largest in video. Charter Communications has completed its purchase of Time Warner Cable and Bright House Networks, a mammoth merger that sweeps together 25 million customers in 41 states and reorders the landscape for high-speed Internet and pay-TV service. Charter, based in Stamford, Conn., intends to phase out the Time Warner Cable and Bright House names, and instead market its products and services under the Spectrum brand. Time Warner Cable announced it is transitioning customers to an all-digital lineup in southeast Wisconsin including the cities of Milwaukee, Kenosha, Waukesha and Racine. Along with delivering improved picture and sound for customers currently receiving analog signals, the move to all-digital frees up capacity in TWC’s network to offer faster Internet speeds and additional on-demand content, the company is informing its subscribers in the area. The Federal Communications Commission said Friday it had formally voted to approve Charter Communications Inc.’s acquisition of Time Warner Cable Inc., creating a telecommunications giant while imposing tough operating restrictions on it. The conditions placed on the merger will help mitigate threats to online video competition that could be exacerbated by cable-industry concentration, officials say. A majority of the five-member U.S. Federal Communications Commission has voted to approve Charter Communications’s acquisitions of Time Warner Cable and Bright House Networks, two sources briefed on the matter said on Thursday. The deals, which would create the second-largest U.S. broadband provider and third-largest video provider, won the backing of FCC Commissioners Jessica Rosenworcel and Michael O’Rielly this week, the sources said on condition of anonymity. Frontier Communications executives have agreed to meet with Time Warner Cable representatives to discuss the stalemate over carriage of SportsNet LA, the TV channel owned by the Los Angeles Dodgers -- a move that could lead to a thaw in the frosty relations among pay-TV providers in Southern California. |