Cablevision 'Interested' in Partnering With Time Warner Cable

Less than two weeks after Comcast's proposed acquisition of Time Warner Cable came to a bitter end, another cable company says the time is still right for consolidation. And it's all about geography. Cablevision CEO Jim Dolan hinted that his company, which operates in the outer boroughs of New York City as well as New Jersey and Long Island, might make a good partner for TWC, which operates as Manhattan's main cable system.

"If we focused on the markets, I think that would bring more to the consumer, and I think it would make the business more valuable," Dolan said. Dolan said he hasn't yet talked about a deal with Time Warner Cable CEO Rob Marcus, who he saw for the first time "in months" on May 6th. "We're interested," said Dolan. "They'd have to see the value in it too. I'm sure I'll talk to them about the value of it, because I think it's there." Time Warner Cable has a market cap of $43 billion, seven times the size of Cablevision's $5.8 billion.