TWC CFO: No M&A 'Must-Haves'
"There is no transaction out there that I'd characterize as a must-have for us," he said.
Marcus's comments come a day after Charter Communications Inc. disclosed that its chairman, Paul Allen, had fielded a number of "informal inquires" about deals or investments involving the cable MSO. (See Charter Gets Nibbles.) If any of those talks turn into system deals, analysts are speculating that Time Warner Cable would be the most likely candidate to buy some Charter systems that fit Time Warner Cable's geographic profile.
Marcus noted that the MSO would pursue any deals in a disciplined manner, recalling that Time Warner Cable opted not to move ahead with its pursuit of Insight Communications Co. Inc. systems that were not part a recent transaction with Comcast Corp. (Nasdaq: CMCSA, CMCSK) that reduced Insight's sub base by about half. (See Comcast, Insight Close Deal.)
"If it gets too rich, we're out," Marcus said.
— Jeff Baumgartner, Site Editor, Cable Digital News