Buffett's Berkshire Hathaway Reads Tea Leaves of Cable Industry

Now watching

Next video starts in : 7 Play

Buffett's Berkshire Hathaway Reads Tea Leaves of Cable Industry

Buffett's Berkshire Hathaway Reads Tea Leaves of Cable Industry
Replay video
Up next

Herbalife Beats Estimates; Stocks Open Slightly Higher as Crude Rallies

Unlock your personal NFL Now stream by signing in to NFL.com

Buffett's Berkshire Hathaway Reads Tea Leaves of Cable Industry

by TheStreet 1:10 mins

Buffett's Berkshire Hathaway Reads Tea Leaves of Cable Industry

by TheStreet 1:10 mins

Berkshire Hathaway has disclosed a $366 million in pay-TV company Charter Communications, accumulated over its second quarter. The investment moves give insight into the strategies of Warren Buffett’s firm, in particular how the billionaire and portfolio managers Todd Combs and Ted Weschler view the health of the cable TV industry. Charter, in which Liberty Media has a majority stake, is due to receive around 1.4 million new subscribers from Time Warner Cable upon its merger with Comcast. That would make Charter the second-largest U.S. cable company. However, Berkshire’s bet on Charter comes at the expense of DirecTV and Starz.

TheStreet

Finance

  1. 13:28

    Investors focus on bonds/jobs; Herbalife's big blowout; Apple's antitrust concerns

  2. 1:59

    Herbalife gets earnings boost; Salesforce and MoneyGram pop on takeover talk

  3. 1:55

    FTC questions Apple's music deals: Report

  4. 1:49

    Facebook and IBM announce advertising partnership

  5. 1:33

    Microsoft weighing a bid for Salesforce: Bloomberg

  6. 50:55

    Yahoo Finance Exclusive: Henry Paulson

Market Movers

  1. 13:28

    Investors focus on bonds/jobs; Herbalife's big blowout; Apple's antitrust concerns

  2. 1:59

    Herbalife gets earnings boost; Salesforce and MoneyGram pop on takeover talk

  3. 1:55

    FTC questions Apple's music deals: Report

  4. 1:49

    Facebook and IBM announce advertising partnership

  5. 1:33

    Microsoft weighing a bid for Salesforce: Bloomberg

  6. 13:06

    Bulls' big push; Disney soars; Panera's pantry cleanse