Constitution buys a cable firm to make up for dropping Time Warner
Constitution misplaced out on its probability to snatch Time Warner Cable earlier than Comcast made its transfer, so it is settling for the subsequent neatest thing. The corporate simply unveiled plans to purchase Brilliant Home Networks, a cable supplier that is principally huge in Florida, for about $10.four billion. Reportedly, the transfer is about getting “strategic flexibility” and solidifying Constitution’s place because the second-largest cable firm within the US. In different phrases, it needs to each enhance its clout in relation to Comcast (even when the 2 do not have competing networks) and streamline its prices. That final half is essential in an period the place providers like Netflix are diminishing the significance of typical TV. If Constitution cannot have TWC, it will probably at the very least put together for a future the place it could actually’t depend upon costly programming bundles to show a revenue.
[Image credit: AP Photo/Matt Rourke]