In order to gain approval of its mammoth deal to acquire Time Warner Cable, Comcast has reached a deal to divest subscribers, consolidate regional operating areas and create a new publicly traded company, SpinCo, in cooperation with Charter, according to a FierceCable report.
Comcast and Charter Communications have made official what's been reported for weeks. As part of Comcast's attempt to acquire Time Warner Cable for $45.2 billion, it's divesting subscribers, consolidating regional operating areas and creating a new publicly traded company, SpinCo, in cooperation with Charter.
The smoldering spat between Netflix and Comcast has turned into a full-fledged forest fire with a Netflix blog post that denigrates Comcast's treatment of its content and reiterates its opposition to the MSO's $45.2 billion merger with Time Warner Cable. Comcast responded by accusing Netflix of "distortions and inaccuracies."
Atlantic Broadband, Grande Communications and RCN have followed the lead of their European MVPD counterparts and added Netflix as an app on TV lineups available through their TiVo-enabled set-top boxes. Netflix predicted the announcement of a U.S.-based set-top integration during an earnings call earlier in the week.
Time Warner Cable thinks of Hotspot 2.0 Wi-Fi access points as "complementary" to a cellular contract, but not likely as a replacement, according to CEO Rob Marcus. Hotspot 2.0, Marcus said in prepared remarks during an analyst conference, "will make our ever-expanding Wi-Fi network more secure and even easier to use." It also "makes our HSD (high-speed data) product more valuable," he added later.
While much of the online video industry is keeping a close eye on Aereo's first hearings with the Supreme Court, the industry has seen a flurry of new announcements in just the past few days from large telcos, cable operators and satellite providers.
The FCC could be about to add a toll lane to the information superhighway for those willing to pay a fee to cut through the traffic. Multiple reports, started by a piece in the Wall Street Journal, indicate that the feds are hammering out the details of new rules that would let companies with the resources to do so pay ISPs a little--or a lot--extra to go faster on unclogged broadband networks.
Time Warner Cable CEO Rob Marcus sees the MSO's focus on HotSpot 2.0 Wi-Fi access points as "complementary" to a cellular contract, but not likely a replacement, he said during an analysts' conference call this morning.
Time Warner Cable put a positive spin on the loss of 34,000 video subscribers in the first quarter, noting the loss was "the least in five years."
I had a whole other column lined up today around Aereo and its first day at the Supreme Court, but then things started going off on the online video front like popcorn in an air popper.