Subscribe
Business

As Charter pursues, TW Cable sets growth plan

By The Associated Press
Published
Add Washington Examiner on Google

NEW YORK (AP) — Time Warner Cable Inc. laid out a three-year plan for boosting revenue Thursday as it sought to offer investors an alternative to a takeover bid from smaller rival Charter Communications Inc.

Earlier this month, Charter said it would bring a cash-and-stock offer directly to Time Warner Cable shareholders, after getting rebuffed by the company’s management, of about $38 billion, or about $132.50 per share. The combined entity would benefit from cost savings and what Charter has said is a superior management team.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.