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LIZ: CHARTER COMMUNICATIONS MAY
HAVE BEEN REBUFFED FIRST GO
AROUND BUT DON'TLUSIVE
DETAILS ALONG WITH THOMAS EGAN
OF SENIOR ME THE ANALYSTS.
>> LET'S GO THROUGH THE DEAL,
$132 A SHARE AND $0.50.
$83 IN CASH, ROUGHLY $49.50 IN
CHARGES.
HERE IS WHAT WE KNOW FROM PEOPLE
CLOSE TO THE DEAL, THE TYPE OF
PEOPLE I TALK TO, TW SEE, TIME
WARNER IS EXPECTING CHARTER TO
RAISE THE CASH PORTION OF THE
BID SO THEY EXPECT THIS THING
WILL BE SPLEEN, THEY THINK WILL
GO TO $95, CHARTER IN THESHARE
THE PAST IN CASH AND THEY THINK
THEY WILL GET THIS TO 95 AN OF
WARNER RELEASES EARNINGS, THEY
SWEETE
CHARTER, LOT OF BANKERS, BUT
MOVING HEADQUARTERS FROM ST.
LOUIS IN STANFORD PARROT TO G
SOME POINT.
CHARTER WILL TAKE OVER TIME
WARNER AND COMCAST WILL NOT PLAY
IN THIS.
LIZ: WHAT DO YOU THINK?
YOU KNOW THAT AT SOME POINT THIS
IS A RELATIVELY LOW BAR FOR
MAY WANT TO GET INVOLVED.
IN MULTIPLE OF 7.34 TIMES WHICH
IS WHAT THE CHARTER OFFER IS IS
A TO BEACH.
COMCAST CAN COME IN AND BEAT THE
OFFER.
COULD GO HIGHER THAN
CHARTER, THEY WILL DO THIS TWO
TIMES ANNING
THESE COMPANIES.
>>
THE KISSEL INDUSTRY IS RAPIDLY
CHANGING.
YOU HAVE TV ESEE, SUBSCRIBERS A
MOSTLY COMPLEMENTARY, NOT
SUBSTITUTED.
LIZ: CHARLIE AND I LOVE TO TALK
ABOUT THE EGOS INVOLVED BECAUSE
WE TALK ABOUT THE BUSINESS OF
PEOPLE, ANYBODY CAN LOOK AT A
STOCK CHART ON FOXBUSINESS.COM
OR MARKET MALONE OF
LIBERTY, THEY OWN 27% OF
CHARTER.
HE OBVIOUSLY WANTS TO WIN.
I JUST SPOKE TO HIM AT THE
CONSUMER ELECTRONICS SHOW.
HE TOLD FOXWAYS CONSIDER SSARIL.
>> IF YOU THINK THE MARKETS, NEW
EVERYTHING ELSE COULD GO TO ***.
>> INTERESTING WHEN YOU TALK
ABOUT REGULATORY BIGWIGS COME IN
AND SAY YOU
ANYTHING HAVING TO DO WITH
COMCAST
OPERATOR IN THE COUNTRY SO THIS
HASN'T COME ALONG EVERY DAY. YON
OF 95 YOU GET TO THAT 150?
>> IF YOU --
LIZ: CAN CHARTER PULL THAT OFF?
>> A LEVERAGE
CHARTER, COMBINED CHARTER AT 5.7
TIMES, A HIGH LEVERAGE RATE.
LIZ: BACK TO THE PEOPLE, TOM
LEFT RIDGE RUNNING CHARTER, HE
HAS SOMETHING TO PROVE CLEARLY.
FOOTPRINT.
THE PENETRATION RATE OF ALL GOOD
SERVICES IS TOO HIGH AND THE
LEVERAGE IS ALSO HIGH.
LIZ: TIME EGAN EXPECTS CHARTER
TO RAISE THE CASH BID, AT LEAST
A PORTION OF IT.
>> THEY ARE DEFINITELY GOING TO
RAISE IT.
I BETTER SO
THEY ARE ADDING 40,000
HIGH-SPEED DATA CUTS BETTER THAN
SIGNIFICANT BELOW THAT.
LIZ: GREAT TO SEE YOU, CHARLIE
GASPARINO WITH HIS FORCES.