Liberty Media Watching TWC, Comcast Deal With Interest

Charter Communications 's biggest shareholder, Liberty Media, isn't taking "any option off the table" regarding its interest in Time Warner Cable, Liberty Chief Executive Greg Maffei told analysts.

Charter still hasn't withdrawn a slate of 13 nominees that it had proposed for election to Time Warner Cable's board at its annual meeting this spring. Even so, a person familiar with the situation said that a counteroffer from Charter wasn't being prepared. Maffei said Liberty will "watch with interest" how Comcast's agreed purchase of Time Warner Cable proceeds, including "whether there are divestitures, whether that deal ultimately gets completed and what it all means." Comcast's bid faces regulatory scrutiny, as it combines the No. 1 and No. 2 cable operators. Still, Maffei said he assumed regulators will approve it "under some set of conditions."