A federal bankruptcy judge has approved a restructuring that calls for the sale of struggling regional sports network Comcast SportsNet Houston to AT&T and DirecTV.
Halloween is typically a scary time filled with little ghosts and goblins roaming the streets... your neighbor's kid egging your house because he thinks club-store candy corn is lame ... your teenage daughter trying to sneak out of your house in a "slutty witch/vampire/nurse/etc." costume ... your 9-year-old son going to bed with Dots candy stuck to $3,000 worth of recently installed orthodontics. But it's a really scary time in the wireline and wireless businesses, too.
Online video streaming continues its major transgression into the consumer mainstream, with Frank N. Magid reporting that 83 percent of U.S. TV watchers now stream movies and TV shows, at least occasionally.
Charter Communications continues to line up the financing it needs to buy cable systems currently covering 1.5 million Time Warner Cable customers, announcing on Wednesday that it will sell $3.5 billion worth of speculative-grade bonds.
After 11 years of failed settlement attempts and legal arguments that reached U.S. Supreme Court, a class-action group of Philadelphia-area cable subscribers will get only a small fraction of the $875 million they had originally sought from Comcast.
Time Warner Cable reported 3.6 percent year-over-year third-quarter revenue growth to $5.71 billion, driven partly by 21.9 percent growth in business services. However, the cable company missed analysts' consensus revenue forecasts of $5.74 billion.
Technology company Arris posted 32 percent growth in year-over-year revenue to $1.4 billion in the third quarter, resulting in a profit of $54.6 million and earnings per share of 81 cents that beat analysts' forecast of 72 cents.
Speaking at the Goldman Sachs Communicopia Conference in New York on Sept. 10, CBS Corp. CEO Les Moonves made it very clear. "We the networks should not be penalized because you the station do not negotiate retrans properly," he said.
Facing strong public-opinion headwinds in a merger that is too far along to scuttle, Comcast is getting a lot of "conditions" thrown its way these days. One of the latest: A group of New York area lawmakers wants the conglomerate to provide free broadband to New York City public housing as a condition of the $45 million purchase of Time Warner Cable.
Fueling arguments by pay-TV providers that its content is too widely distributed across over-the-top channels, Viacom has significantly expanded its partnership with Hulu.
European satellite company BSkyB continues to invest in American online video, announcing a $7 million series B investment in digital programming channel Whistle Sports.
Charter Communications reported 8 percent growth in third-quarter revenue to $2.3 billion, driven by narrowing video subscriber losses and burgeoning broadband customer gains.
Amid an aggressive expansion of its Wi-Fi network that aims to have around 8 million hotspots deployed in the U.S. by the end of 2014, Comcast is selling its subscribers on the hospitality angle.
The FCC has circulated a memo through its Media Bureau, formally proposing that linear over-the-top services like Aereo be considered multichannel video program distributors, with accompanying rights to retransmission consent licensing agreements.
Eight years after they split into two separately traded media and entertainment conglomerates, an investment analyst is calling for CBS Corp. and Viacom to reunite their forces. "A combined company would have a better ability to negotiate carriage with large MVPDs and preserve affiliate fee and retransmission growth rates," wrote Brett Harriss of Gabelli & Co.
YouTube CEO Susan Wojcicki said her Google-owned video platform may soon launch a subscription-based service
A West Virginia federal court has ordered Dish Network to pay $22,500 to a Charleston man who accused the satellite operator of calling him 31 times to collect a debt for services he never had.
Blame it on a post-steroid era featuring minimal offense, or the inclusion of the small-market Kansas City Royals ... or too much competition from the NFL. Whatever you attribute to this past week's awful World Series TV ratings, they're a concern to a pay-TV industry that's festooned together right now by sports program licensing rights.
While competition for pay-TV services is pushing subscriber fees down worldwide, both pay-TV revenue and subscribers are expected to grow significantly over the next five years.