Susquehanna Communications, which is trying to sell itself, has h...
Susquehanna Communications, which is trying to sell itself, has held talks with Comcast, a source said. Comcast already owns 30% of the cable operator, which has more than 230,000 customers. The 16th-largest U.S. cable provider could be valued at…
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as much as $800 million, the source said, adding that a deal may be near. Comcast declined to comment on a Bloomberg News report it offered to buy the cable operator. Asked about the sale talks, Susquehanna Pfaltzgraff CFO John Finlayson said in an interview: “When we have something to announce, it will be announced… We are not in direct contact with any potential buyers,” referring inquiries about the cable sale to UBS. The media firm said in April it was trying to sell its radio and cable properties (CD April 22 p9)