Pali Research media analyst Richard Greenfield reiterated his “sell” rating on Time Warner Cable shares, warning that the second-largest cable operator in the country faces a looming retransmission-consent battle with Spanish-language broadcaster Univision Communications.
In a research note Thursday, Greenfield wrote that Time Warner Cable is particularly vulnerable because it is the dominant cable provider in two of the largest Hispanic markets in the country -- New York and Los Angeles.
Univision, which was bought by a consortium of investors including Haim Saban last year, has hinted for months that it plans to start charging operators for retransmission consent.
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