Equity investors swarming over private deals. (cable TV broadcasting industry)
Multichannel News, July, 1995 by Higgins, John M.
New York - Despite the rush of cable entrepreneurs selling out, executives wanting to stay in the cable business are finding a ready pool of equity investors willing to put up cash. From marquee names like J.P. Morgan to unknown start-ups like Spectrum Equity, a number of investors are opening doors to cable executives looking to take advantage of the flood of systems that have become available.
"Obviously, the money has definitely increased," said Charter Communications Corp. chairman Gerry Kent, who has tapped private equity investors to buy more than $1 billion worth of cable systems in the past two years. "As people see that competition is further away than they thought a year ago, sources are opening up." David Lee, managing director of media...
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