Wideopenwest Stock Price, News & Analysis

WOW! Internet, TV & Phone (NYSE: WOW) has announced preparations for the 2024 hurricane season, anticipating above-normal activity. The company is proactively testing network resilience, fortifying infrastructure, and updating crisis management plans to ensure quick and safe responses to service interruptions. According to NOAA, the 2024 Atlantic hurricane season, from June to November, is predicted to have 17-25 named storms, 8-13 hurricanes, and 4-7 major hurricanes. WOW! has mobilized critical teams and resources and provided safety tips for residents to minimize disruptions. The company emphasizes the importance of internet connectivity during severe weather and offers guidance on maintaining service continuity.

WOW! Internet, TV & Phone, a leading broadband services provider, has received a $2.39 million grant from the Alabama Department of Economic and Community Affairs (ADECA). This grant, combined with WOW!'s own $1.02 million contribution, brings the total investment to $3.41 million. The funds will be used to expand WOW!'s fiber network to underserved areas in Houston and Henry Counties in southeastern Alabama, targeting nearly a thousand homes. This initiative aims to provide reliable, high-speed broadband services to more residents and businesses, enhancing quality of life and supporting economic development. WOW! currently serves the communities of Headland in Henry County and Dothan in Houston County.

On May 3, 2024, WideOpenWest (NYSE: WOW) received an unsolicited non-binding proposal from DigitalBridge Investments, and various Crestview entities to purchase all outstanding shares of WOW not currently owned by Crestview for $4.80 per share in cash. Bleichmar Fonti & Auld LLP (BFA) is investigating this proposal for potential conflicts of interest and fairness in the process. BFA encourages shareholders to seek additional information and consider their legal options, as all representation is on a contingency fee basis. BFA is a top international law firm known for its success in securities class actions and shareholder derivative litigation.

On May 3, 2024, WideOpenWest received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and Crestview entities to purchase all outstanding shares not owned by Crestview for $4.80 per share in cash. Bleichmar Fonti & Auld LLP (BFA) is investigating whether the proposal is fair and if the board of directors is conflicted. Shareholders are encouraged to obtain more information and explore legal options. Representation is on a contingency fee basis, with no upfront costs for shareholders. For more details, visit BFA's website or contact their attorneys.

WideOpenWest, Inc. (NYSE: WOW) reported first quarter 2024 results with a 1% increase in High-Speed Data Revenue to $106.2 million. Total Revenue was $161.5 million, a 6.2% decrease compared to the same period in 2023. Net Loss was $15.0 million, while Adjusted EBITDA increased by 3.4% to $67.4 million. The company added 18,100 new homes in Greenfield and Edge-out markets. WOW! also announced Jose Segrera joining the Board of Directors.

WideOpenWest, a broadband services provider, received a non-binding proposal from DigitalBridge Investments, to purchase outstanding shares for $4.80 per share. The board will evaluate the proposal.

WOW! Internet, TV & Phone announced the appointment of Jose Segrera to its Board of Directors, effective May 17, 2024. Segrera, with over 30 years of experience in technology and IT, will bring expertise in business strategy, financial leadership, and team building to the company. His appointment fills the vacancy left by Tom McMillin, who resigned from the board.