Despite claims that the removal of the 30% ownership cap will have no effect on mergers and acquisitions in the cable space in the short term, Citigroup media analyst Jason Bazinet called for the mother of all cable deals -- the merging of Comcast and Time Warner Cable -- in a research note Thursday.
Even though the removal of the 30% ownership cap on cable companies appears to have opened the door for mega mergers, many analysts have said that the economic climate, all-time low cable valuations and the paucity of systems available for sale would dampen any major M&A activity in the cable space for quite some time. And even those who believe Comcast could buy a smaller operator -- like Charter Communications or Cablevision Systems -- have said that a Comcast/Time Warner Cable merger would be blocked by federal anti-trust regulators.
Citigroup analyst thinks Comcast and Time Warner Cable should merge
Categories: TV Business