Cable company Charter Communications, in which John Malone’s Liberty Media holds a 27% stake, made an unsolicited $61.3 billion bid for larger rival Time Warner Cable. The move marked the beginning of what is expected to be a protracted battle that could reshape the nation’s cable landscape.
Comcast’s Roberts family and John Malone’s Liberty Media have both reshaped and risen to the top of the cable television industry through dealmaking. h/t @qz.
Journalists, bankers, and lawyers certainly hope so. PWC says they’re up 9% so far this year.
Janet Yellen made history this week by becoming the first woman to be nominated to chair the Federal Reserve.