Comcast eyes Time Warner Cable's East Coast markets: source

Comcast, in its talks with Charter about a possible deal to acquire parts of Time Warner Cable, would be interested in an agreement that gives Comcast the New York market and parts of New England, a person familiar with the matter said.

Discussions between Comcast and Charter have gotten more substantive in recent days, partly because Comcast felt takeover target Time Warner Cable was seeking too high a price for itself, the person said. Comcast is interested in acquiring Time Warner Cable's New York City market since it already has operations in neighboring Connecticut and New Jersey, the person added. In New England, Comcast controls the Boston cable market and is also eying areas where it does not already have systems such as Maine, said the person, who asked not to be named because the matter is not public. Los Angeles, one of Time Warner Cable's largest markets, is less attractive to Comcast, the person said.