27 November 2013 2:18 PM, PST | Deadline TV | See recent Deadline TV news »

Charter Communications could offer $90 in cash for each Time Warner Cable share, and supplement that with its own stock, if it completes the debt offer, The Wall Street Journal reports. The plan is the latest indication that Charter wants to pounce on the No. 2 cable company. Charter’s top shareholder, Liberty Media’s John Malone, is eager to see cable companies consolidate. And TWC is seen as vulnerable due to its unimpressive recent performance — including its loss of 306,000 video subs in Q3 when CBS went dark for 32 days — as well as the plan by long-time CEO Glenn Britt to retire at year end.  The additional debt could strain Charter: It already has $14B in IOUs, equal to five times its cash flow, while TWC has $24B. And a $90 cash offer wouldn’t be sufficient. TWC closed today at  $136.80, +13.2% over the last five days amid the reports that suggest the months »

- DAVID LIEBERMAN, Financial Editor

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