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In the media: 7 bidders for Bresnan buy

Thu, 06/10/2010 - 8:35am
Brian Santo

Cablevision, Charter Communications and Suddenlink Communications have all submitted offers to buy Bresnan Communications.

So too has Ascent Media, one of the companies that John Malone does business through, along with some private equity firms, including TPG Capital, all according to The Wall Street Journal.

A spokesman for Bresnan Communications previously acknowledged that the company is fielding offers for a buyout as a normal course of business operations, though he stopped short of stating outright that the company is for sale.

The WSJ reported that UBS AG and Credit Suisse Group have been hired to manage the sale, and that the bids that have come in ranged from about $1.1 billion to $1.4 billion.

Bresnan is the nation’s 17th-largest video provider, and the 13th-largest MSO, according to the NCTA, with 306,000 subscribers, largely in the Rocky Mountain region.

More Broadband Direct 6/10/10:
•  Charter settles lawsuit with field techs for $18M
•  In the media: 7 bidders for Bresnan buy
•  ESPN preps 3-D commercials for World Cup; DirecTV has 3-D coverage
•  Tech cos. form Broadband Internet Technical Advisory Group
•  EastLink installs Cisco routers
•  Report: Global broadband revenue was $170B in '09
•  Analyst: iPhone may soon be on T-Mobile's network
•  AT&T confirms iPad 3G security breach
•  Google's AdMob attacks Apple's new mobile ad rules

 

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