Bright House gains much-needed leverage with programmers through Charter buyout

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The Wall Street community has reacted positively to Charter Communications' decision to pursue a $10.4 billion purchase of Bright House Networks, sending the multiple-system operatori's stock up 5.3 percent as of the close of the Nasdaq on March 31. Privately owned by billionaire Si Newhouse, Jr.'s Advance Media, Bright House also received a notable nod from investment bank Jefferies, noting that the MSO needed to be purchased by a bigger cable operator because it's about to lose a valuable resource if the federal government approves Comcast's $45.2 billion purchase of Time Warner Cable. As part of the deeply interwoven relationship between Bright House and TWC includes the latter uses its sizable video services reach to negotiate program deals for the former.


Bright House gains much-needed leverage with programmers through Charter buyout