Windstream REIT plan kicks up stock price...and possibly a cable industry trend

Windstream Communications sent its stock soaring when it revealed that it's spinning off its copper and fiber network assets into a tax-shielded real estate investment trust, then leasing them back. While this announcement sent the MSO's stock price soaring more than 20 percent at one point in midday Tuesday, July 29 trading (it ended up 12.35 percent above its starting price), the real impact might be on the broader pay-TV industry, with other operators sure to kick the tires on possible tax savings through REIT asset conversion. Here's FierceCable's report. 

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Comcast is planning new data caps and video service price increases for its subscribers in 2021.

The Apple TV remote is an often reviled peripheral device. Universal Electronics has taken it upon itself to create a different option.