This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Industry CEOs Speak Up on Comcast-Time Warner Deal

NEW YORK (TheStreet) -- A week since the announcement, Comcast's (CMCSA) $45.2 billion bid for Time Warner Cable  (TWC) has already been debated every which way. Yet, until now, the broadcast industry's biggest players have remained quiet. Finally, in a series of post-earnings calls, (DTV), Dish Network  (DISH) and Charter Communications  (CHTR) have spoken up on what would be an unprecedented consolidation of the sector.

Looking at the deal, it should be enough to cause even an industry giant concern. If the deal passes as proposed, a combined Comcast-Time Warner would create a broadcasting powerhouse in a business already replete with low competition and high barriers to entry. In its broadband division alone, Comcast-Time Warner would have dominance in two-thirds of the U.S. marketplace.

And yet, the industry's response is far from panicked.

In a call Thursday, Mike White, CEO of the largest satellite provider DirecTV, urged federal regulators to ensure the deal is "appropriately scrutinized."

"It certainly creates some significant changes in the competitive landscape that we need to think about," said White.

Charlie Ergen, CEO of fellow satellite-TV operator Dish Networks (DISH), took a more aggressive note on a call Friday, arguing the merger would consolidate broadband, video and content segments to create a "nationwide player."

"That's going to send a seismic shift across our industry in ways that maybe we can't predict today," he said.

A silver lining, Ergen noted it would clear the way for a potential Dish-DirecTV merger in the future, an idea previously suggested but not attempted since U.S. regulators rejected a similar proposal in 2002.

He noted the deal "certainly doesn't hurt the case for consolidation within the satellite industry."

Meanwhile, one-time suitor of Time Warner Cable, Charter Communications, shied from taking a position on the merger. Charter had vied for Time Warner earlier this year only to have its $37.3 billion offer rejected.

Charter CEO Tim Rutledge parried questions by noting the company would continue to pursue alternative deals to gain greater market share.

"Notwithstanding everything that has happened, we are still interested in wisely acquiring subscribers through M&A when that opportunity arises," said Rutledge in a call with analysts.

Comcast's offer to purchase Time Warner has yet to pass antitrust scrutiny from federal regulators.

--Written by Keris Alison Lahiff. 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,939.86 +24.79 0.15%
S&P 500 1,967.66 +2.98 0.15%
NASDAQ 4,414.5530 +18.3490 0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs