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"Gerry knows the value of cable distribution," Mr. Gerbrandt said.
Arriving at a time when the phone company's stock price was plunging and the value of cable systems was sliding as well, Liberty drove a hard bargain.
Even scarier would be devices that merge cable programming with video piped over the Internet, undercutting the value of cable companies' television subscriptions.
John Alchin, Comcast's treasurer, says Chanos' estimate that cable assets at Comcast are worth just $5 a share "borders on ludicrous," as it grossly underestimates the value of cable subscribers and Comcast's ability to generate free cash flow.
Here's one more way of looking at the value of cable assets: Take the enterprise value of a public cable company (interest-bearing debt plus market value of stock, minus cash on hand), then divide that figure by the number of subscribers.
Similar(55)
People are starting to believe in the value of broadband cable systems -- and we are the nation's second-largest cable system operator.
"She really understands the value of the cable network group," he said in a telephone interview.
The agreement by Scripps and Cox Communications, which will maintain a 35percentt stake in the channel, underscored the value of the cable channel business.
FOR years, Andrea Sisenwein of White Plains has had a running battle with the rest of her family over the value of their cable television service.
Despite NBC's widely reported struggles, Comcast has said that it bought NBCUniversal primarily for the value of its cable networks.
In the latest quarter, SBC had a pension-related gain of $330 million, or 10 cents a share, and charges related to the drop in the value of its cable operations of $205 million, or 6 cents a share.
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CEO of Professional Science Editing for Scientists @ prosciediting.com