November 17, 1995 |
The nation's second-largest cable TV operator wants to buy the eighth- largest operator for $2.8 billion, but standing in the way of Philadelphia's little part of the deal is City Council President John F. Street. At issue is race. Street wants Time-Warner Cable, the prospective buyer, and Cablevision Industries, the seller, to include a minority person or persons as part-owner of the Cablevision franchise now serving West Philadelphia and several other neighborhoods. The Council president said it would be up to the parties in the sale to find a minority franchisee.
December 15, 2013 |
After talking for months about the potential for international deals, Comcast Corp. has hired Alexander D. Evans from the $37 billion private-equity firm Providence Equity Partners in Rhode Island. Evans will be one of four executive vice presidents at Comcast - the others are Steve Burke in NBCUniversal, Neil Smit in the cable division, and David L. Cohen, who supervises government affairs. A Comcast official said Friday that the hiring was unrelated to speculation Comcast could be looking to acquire Time Warner Cable, the nation's second-largest publicly traded cable TV distributor.
January 1, 2015 |
Xfinity subscribers in the Philadelphia region, New Jersey, and northern Delaware can expect bills to rise an average of 3.4 percent Thursday, Comcast Corp. announced. The higher bills affect customers who subscribe to TV, Internet, or phone services, company spokesman Jeff Alexander said. The nation's largest pay-TV company has told Wall Street that it earns $137 a month from "customer relationships" - a 3.4 percent rate increase on $137 amounts to an additional $4.65 a month. People on Xfinity promotional plans will not see higher prices.
August 17, 2013 |
Comcast Corp. is seeking to expand licensing of the cutting-edge software that runs its new cloud-based X1 channel guide, which could be the future of cable TV. Comcast and Time Warner Cable, the nation's two largest cable-TV companies, formed a joint venture to license the X1 software to cable companies, computer-chip manufacturers, set-top box makers, software developers, and others. Comcast says about 100 companies have licensed the software, referred to as the Reference Design Kit (RDK)
January 9, 2014 |
The fever seems to have broken at Comcast Corp., as the nation's largest cable operator added TV subscribers in the fourth quarter of 2013. For more than six years, Comcast shed more than two million TV subscribers as phone companies entering the pay-TV business, satellite-TV companies, and new Internet video providers chipped away at its customers. Brian Roberts, chief executive of the cable giant, disclosed the development at a conference Tuesday in Las Vegas, without saying how many subscribers Comcast had gained.
November 4, 2014 |
Greatland Connections Inc., the publicly traded company that would inherit 2.5 million cable-TV subscribers disgorged by Comcast Corp., is seeking to trade on the NASDAQ exchange under the ticker "GLCI. " Comcast shareholders would own 67 percent of Greatland. Greatland will only come into existence if the U.S. Justice Department and the Federal Communications Commission approve Comcast's proposed $45.2 billion acquisition of Time Warner Cable, the nation's second-largest cable company.
May 6, 2009 |
Consumers have attacked with a Web site, www.stopthecap.com, and protesters packed two town hall meetings in Upstate New York, where Time Warner Cable Inc. proposed "metering" customers' Internet usage. The issue may be the first big test in the "net neutrality" debate for the Obama administration. Opposing the metering, or consumption-based billing, are Rochester-area consumers, including doctors and college students, who say Time Warner Cable's plan would increase monthly bills for those who download movies and other information files on the Internet.
September 5, 2013 |
Verizon Communications Inc. disclosed the details Tuesday of its $130 billion deal to acquire Vodafone Group Plc's 45 percent stake in Verizon Wireless. Verizon, the phone-service provider in the Northeastern United States, has operated Verizon Wireless in a joint venture with London-based Vodafone since April 2000. The transaction will give Verizon full control of the nation's largest wireless provider, with slightly more than 100 million subscribers, even as Wall Street speculates about other telecom deals.
May 2, 2000 |
It wasn't a Good Morning in America yesterday for cable subscribers caught in the middle of a spat between two media giants. With Time Warner Cable and the Walt Disney Co. unable to agree on a contract, ABC's popular morning show at 7 a.m. was unavailable to Time Warner Cable subscribers. Also unavailable were The View, the ABC soaps, and last night's celebrity edition of America's most popular show, Who Wants to Be a Millionaire, all on Disney-owned ABC. While the dispute affects only a small fraction of the nation's 100 million TV homes - 3.5 million, including 65,000 in Philadelphia - it plays into consumers' worst fears about a new media world dominated by fewer and fewer huge companies.
April 29, 2015 |
The collapse of Comcast's megamerger with Time Warner Cable disappointed company executives and a host of hometown politicians who rooted for the deal. The trouble for Comcast starts with how many fans it can count among those who get its services but not its campaign contributions. Not long after the $45 billion deal was proposed last year, the company's notorious customer service army proceeded to produce a series of ill-timed public-relations debacles. Given that the nation's largest cable provider was planning an alliance with the only company that ranked even lower on last year's American Consumer Satisfaction Index, such setbacks were somewhat predictable.