Charter nears deal for Time Warner
Charter nears deal for Time Warner
Charter Communications is close to buying Time Warner Cable for about $55 billion, say two people familiar with the negotiations.
The people spoke on condition of anonymity because of the private nature of the deal talks. One of the people says the deal will be announced early this morning.
Charter had wanted to buy Time Warner Cable earlier, but Time Warner Cable chose a $45 billion offer from Comcast instead.
Comcast walked away from the Time Warner Cable deal after regulators pushed back against it. Regulators had concerns that the two companies together would undermine online video competition.
BP getting credit for gulf tourism boom
ORANGE BEACH, Ala.
Tourism hasn’t only recovered on the Gulf Coast five years after the BP oil spill — industry officials say it’s surging. And they credit fallout from the environmental disaster as being part of the reason why.
BP spent more than $230 million promoting tourism after the 2010 spill, and the company aired national commercials promoting the region for years. Tourism officials say that publicity blitz boosted tourism to new levels. Tourist spending has doubled in some areas since before the spill.
Associated Press