One of the classic names of the cable industry, Bresnan Communications--founded and run by industry pioneer Bill Bresnan until his death last November--could be on the market. Two of the MSO's major owners, Providence Equity Partners and Quadrangle Group have hired UBS Financial Services to see who's willing to pay what for a cable service provider with 308,000 customers in Montana, Wyoming, Colorado and Utah.
Shawn Beqaj, VP of public affairs for Bresnan, said that the MSO should be considered a valuable property because it is "amongst the highest performing companies in the cable industry, measured by virtually all metrics, subscribers and financial performance."
Media analyst Mike Paxton of Reed Business Information agreed that it's "a valuable property" because it has an established network and established customer relationships. If the company were indeed sold, it would mark the first major sale of a U.S. cable operator in two years and could instigate more such activity, Paxton said.
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