(Reuters) - Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday. Comcast is studying what could be a two-phase process, where Charter would first acquire up to 1.5 million subscribers directly from Comcast, the source said on condition of anonymity because discussions were continuing and a final agreement had not been struck. Comcast would then spin off the rest of the 2.5 million subscribers into a separate, publicly traded company, which Charter would take a minority stake in, the source added. The roughly 4 million subscribers are worth between $18 billion and $20 billion, said the source. Comcast and Charter would also swap about 1 million cable subscribers, including Charter's subscribers in Los Angeles. It was not yet clear what markets Comcast would swap with Charter or spin off, although the companies would likely trade subscribers adjacent to their exisiting markets. Any agreement the companies reach would be contingent on Comcast's $45.3 billion acquisition of Time Warner Cable being approved by regulators, a process that could take many more months while the Justice Department and U.S. Federal Communications Commission study that deal. While the source characterized the negotiations as serious, the deal could still fall apart and other cable companies and private equity firms may be interested in the divestitures. Representatives for Comcast and Charter declined to comment. The Wall Street Journal and Bloomberg both reported parts of the deal earlier on Tuesday. Comcast and Charter originally teamed up last year to try to find a way to carve up Time Warner Cable. But talks soured as the two bickered over price and the feasibility of engineering a split of the No. 2 U.S. cable operator. Charter, backed by billionaire John Malone's Liberty Media Corp, had pursued Time Warner Cable for months before Comcast swooped in with a surprise bid. Comcast's chief financial officer, Michael Angelakis, said on Tuesday there was no timeline governing when the company will make a decision regarding the divestitures. Speaking on a conference call following Comcast's better-than-expected earnings, the CFO said the company was studying a "number of potential structures" and wants to pursue divestitures in the "most tax-efficient way possible. Any cash proceeds from a spinoff or sale would be used for returning capital to shareholders, he said. (Reporting by Liana B. Baker; Editing by Bernard Orr)
- The Telegraph
The Duke and Duchess of Sussex have been “demoted” on the Royal family’s website to bottom billing alongside the Duke of York.
- MMA Junkie
The year is 2022 and Mickey Mouse is out here catching strays.
In order to ensure his children have a 'normal' upbringing, Prince William reportedly told royal staff they can't wear this particular item of clothing.
"Obviously this means the lawyer must have given Trump actual legal advice," mused one social media wit.
An off-duty Massachusetts National Guard member aggressively confronted a tour bus full of senior citizens thinking they were migrants
In a livestream of the pursuit, the off-duty officer slammed US immigration policy and referenced DeSantis' sending migrants to Martha's Vineyard.
"Movie-making is very hard work over a very long period of time that consists of so many moments of joy slapped up against an equal number of feelings of self-loathing," the Oscar winner said.
HURRICANE IAN UPDATES: Category 3 storm brings hurricane warnings, tornado threat to Central Florida
Ian strengthened into a major hurricane Tuesday as its track moved east into Central Florida.
The DOJ is having such a hard time finding document digitization vendors willing to work with Trump that it requested more time for the special master review
The DOJ asked for one more day to choose someone to digitize the 11,000 files for the special master in its Mar-a-Lago investigation.
Anthony Bourdain Texts Published In New Biography Reveal Grim Final Days: “I Hate My Fans…I Hate Being Famous…I Hate My Job” – Report
A new unauthorized biography of Anthony Bourdain, which includes for the first time the celebrity chef’s text messages from the days leading up to his death by suicide in 2018, reveals Bourdain’s anguish over his career, his estranged marriage and his troubled romantic relationship with actor Asia Argento. Selections from the book Down and Out […]
A slight shift was also made on the pages for Prince William and Kate Middleton, the new Prince and Princess of Wales
Kate Middleton Will Receive the Majority of Queen Elizabeth’s Jewelry Collection—But There’s a Catch
The royal family has been sorting through Queen Elizabeth’s affairs ever since she passed away at age 96. They already confirmed that her corgis have found a new home, but the world is wondering what will happen to Her Majesty’s jewelry collection. Tim Graham Picture Library/Getty Images Kate Middleton will reportedly receive the “lion’s share” of Queen Elizabeth’s accessories. However, King Charles’s wife Camilla Parker Bowles (aka the Queen Consort) will get to pick first. Max Mumby/Indigo/Get
“I feel so good turning 50, and this is about expressing that sense of energy and optimism.”
- Rolling Stone
The Kremlin chooses to escalate the war in Ukraine with a dangerous gamble, but the signs of an unraveling are becoming clearer both at home and abroad
NASCAR officials handed out two sizable penalties Tuesday for rough driving, docking William Byron and Ty Gibbs for their roles in separate incidents in last weekend’s Cup Series race at Texas Motor Speedway. Byron was hit with a 25-point penalty in both the driver and team owner standings for bumping Denny Hamlin out of position […]
- The Advocate
Buttigieg did not come to play.
- Bradenton Herald
Here’s what to know Tuesday as Bradenton and Manatee County prepare for a possible major hurricane.
In Katie Nicholl's upcoming book "The New Royals," she writes that Queen Elizabeth intervened when Meghan Markle clashed with a royal staffer.
- In The Know by Yahoo
A dentist has stunned her TikTok viewers after revealing that the majority of people are using mouthwash incorrectly. The post Dentist stuns viewers with revelation about mouthwash appeared first on In The Know.
- Seahawks Wire
On the bright side, their ex isn't doing much better.
- Women's Health
Addison Rae, 21, was spotted in Los Angeles this week sporting spandex booty shorts and her epic, sculpted butt. Addison is all about Pilates and pasta.