Time Warner Cable Liberty Media Corporation Comments on Charter’s Proposal to Time Warner Cable
- Liberty: The proposed consolidation of Charter and Time Warner Cable, under the respected operational leadership of Tom Rutledge, will enable the cable industry to adopt common technology, brands and service offerings providing the scale necessary to compete in todays marketplace, said John Malone, Chairman of Liberty Media. This industry brought to the home 500 channels; digital compression and high speed internet, but needs scale to attract the developers and innovators critical to remaining competitive.
- Charter has been and can continue to be successful on a standalone basis, but the proposed combination with Time Warner Cable will drive shareholder value for all.