On November 12, an agreement and plan of merger was signed by Liberty Broadband Corp. President/CEO Greg Maffei and Charter Communications CFO Jessica Fischer that put the wheels in motion on an all-stock transaction that sees Charter acquire Liberty — extinguishing some $2.6 billion in debt in the process.
As part of the deal, a former CBS affiliate serving Alaska’s biggest market is effectively seeing a change in its ownership structure. It’s a station with a sale agreement in place and an active regulatory filing still awaiting approval. Still, the FCC must OK this deal while it approves the previously announced transaction.
