John Malone Says Time Warner Cable Deal Still Makes Sense

Billionaire John Malone, the cable-industry pioneer and largest investor in Charter Communications Inc., is still aiming to convince Time Warner Cable Inc. that teaming up is in both companies’ best interests.

Consolidation makes sense because cable operators need to stay competitive with satellite-TV companies, Malone said in an interview at the Goldman Sachs Group Inc.’s Communacopia Conference in New York. So far, efforts to persuade Time Warner Cable to join forces with Charter have proved fruitless, according to people familiar with the discussions.