M&A Deal Summary

Charter Communications Acquires Bresnan Communications

On July 1, 2013, Charter Communications acquired media company Bresnan Communications from Altice for 1.6B USD

Acquisition Highlights
  • This is Charter Communications’ 4th transaction in the Media sector.
  • This is Charter Communications’ 3rd largest (disclosed) transaction.
  • This is Charter Communications’ 8th transaction in the United States.
  • This is Charter Communications’ 1st transaction in New York.

M&A Deal Summary
Date 2013-07-01
Target Bresnan Communications
Sector Media
Buyer(s) Charter Communications
Sellers(s) Altice
Deal Type Divestiture
Deal Value 1.6B USD

Target

Bresnan Communications

Purchase, New York, United States
website
Bresnan Communications LLC operates cable television systems serving approximately 300,000 basic subscribers in Montana, Wyoming, Colorado and Utah. Bresnan delivers advanced products and services such as high-speed Internet access, high-definition television, video-on-demand and telephone to residential and business customers across an upgraded network.

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Buyer(S) 1

Buyer

Charter Communications

Stamford, Connecticut, United States

website

Category Company
Founded 1993
Sector Communications
Employees101,700
Revenue 54.0B USD (2022)
DESCRIPTION
Charter Communications' corporate headquarters in Stamford, Connecticut.
Charter Communications' corporate headquarters in Stamford, Connecticut.

Charter Communications is a broadband communications company. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet® access, and Charter Spectrum Voice. Charter Communications was incorporated in 1993 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 8 of 11
Sector (Media) 4 of 4
Type (Divestiture) 4 of 5
State (New York) 1 of 3
Country (United States) 8 of 11
Year (2013) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 US Cable - Broadband Systems

United States

US Cable - Broadband Systems offer television broadcasting serving, in aggregate, approximately 16,000 customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Bright House Networks

East Syracuse, New York, United States

Bright House Networks owns and operates cables systems in the United States. The company offers video, high-speed data, home security, and automation and voice services; and a portfolio of business solutions for video, voice, data, cloud-based, and managed services, as well as advanced targeted advertising solutions. Bright House Networks is based in East Syracuse, New York.

Buy $10.4B

Seller(S) 1

SELLER

Altice

Long Island City, New York, United States

website

Category Company
Founded 2015
Sector Media
Employees11,000
Revenue 9.6B USD (2022)
DESCRIPTION

Altice is a telecommunications, media and entertainment company with a portfolio of operations that includes digital television, voice and high-speed Internet services, some of the country's most-watched national television networks, and valuable local media and programming properties. Altice was founded in 2015 and is based in Long Island City, New York.

DEAL STATS #
Overall 2 of 4
Sector (Media) 1 of 1
Type (Divestiture) 2 of 3
State (New York) 1 of 3
Country (United States) 2 of 4
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-27 Clearview Cinemas Theaters

United States

Clearview Cinemas Theaters LLC operates chain of community-centered movie theaters that target families and value-oriented older audiences.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Audience Partners

Washington, District of Columbia, United States

Audience Partners LLC is an own and operator of an addressable advertising platform leveraging data science, programmatic ad buying and unique first party databases to target individuals across screen (PCs, mobile phones, tablets, televisions and billboards).

Buy -
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