Viacom CEO Bob Bakish has made it clear since day one on the job that rebuilding relationships with distributors is a top priority. That seems to have paid off with Suddenlink relaunching Viacom nets Thursday, nearly three years after dropping them in a heated, public fight.
Cablevision Systems Corp. is no more. European telecom conglom Altice said today it has completed its $17.7 billion acquisition of one of the industry’s pioneering cable companies, a deal that makes the newly minted Altice USA the fourth-largest operator in the country. The new company combines Cablevision and Suddenlink, which Altice acquired last year, for a base of 4.6 million subscribers for broadband and video services.
There has been a string of cable company partnerships with Hulu and Netflix announced over the past year, primarily with smaller providers. The benefit of these deals for consumers is that they make it easier to watch online video in the living room, on your TV. Services like Hulu get a marketing boost and a way to add new subscribers.
Fourteen years after his first exit from the cable business, Jerry Kent is on the verge of leaving again. Kent is chairman-CEO of Suddenlink Communications, the soon-to-be subsidiary of Luxembourg-based Altice SA, which has agreed to pay $9.1 billion for the nation’s seventh-largest cable company.
Luxembourg-based cable and mobile phone operator Altice says it will purchase 70% of Missouri-based Suddenlink with a combined debt and cash offer from existing owners BC Partners and CPP Investment Board, and company management.
Today, Suddenlink Communications and El Rey Network announced the launch of the 24-hour cable network on Suddenlink systems in select cities across the U.S. El Rey Network is an English-language general entertainment network founded by filmmaker Robert Rodriguez (From Dusk Till Dawn, Sin City, Spy Kids, Machete) that offers original scripted and unscripted programming, movies […]
Fox announced Thursday that its new national sports network — Fox Sports 1 — is set to bow Saturday with all major cable, satellite and telco TV operators, including late holdouts DirecTV, Dish Network and Time Warner Cable. FS1 will be distributed to about 90 million U.S. households, according to Fox.