In today's spotlight, FierceTelecom takes a look at how Comcast's merger with Time Warner Cable could help the MSO's commercial division strike deals with mid-sized businesses.
Two consumer groups lashed out at the proposed Comcast acquisition of Time Warner Cable, insisting that that deal would give Comcast too much market power and result in higher monthly bills for consumers.
I was starting to write a column last night about some predictions that former Tele-Communications Inc. chief Leo Hindery had in 1999 about the impact of cable consolidation when news broke about the Comcast-Time Warner Cable deal. Those statements from Hindery, the architect of a series of cable system acquisitions and swaps in 1997 that we called the "Summer of Love," are as relevant today as ever.
Comcast executives said Wednesday that the company expects that it will be able to reduce spending on programming and technology with its acquisition of Time Warner Cable, predicting that the combined company will be able to reduce capital spending by $400 million annually within three years of the deal closing.
Comcast's deal to acquire Time Warner Cable will likely result in the demise of the American Television Alliance, a coalition of pay TV distributors that TWC formed in 2010 to lobby for reform of retransmission-consent rules, an executive at one of ATVA's member companies told FierceCable Thursday.
Apple is still planning to introduce a new Apple TV set-top box in April and it wants content from Time Warner Cable and other potential partners to be part of that launch, according to a Bloomberg report citing unidentified sources.
Comcast announced that it has struck a deal with Time Warner Cable to acquire the nation's second largest cable MSO for $45.2 billion in stock.
Former Time Warner Cable CTO Jim Chiddix and former Charter Communications and Adelphia Communications CTO Marwan Fawaz are among the 13 executives that Charter has nominated for seats on TWC's board of directors.
Rather than raise its bid to acquire Time Warner Cable, Charter Communications reportedly will nominate 13 new directors for TWC's board of directors this week as it attempts to execute a hostile takeover of the nation's second largest cable MSO.
Time Warner Cable, Comcast and other pay-TV distributors could face tougher negotiations with TV stations in Detroit and Buffalo, N.Y., after Scripps announced Monday that it will acquire stations owned by Granite Broadcasting in the cities.