After months of rumors, this morning it became official: Charter plans to step in where Comcast failed, with a $55 billion plan to acquire Time Warner Cable. Regulators looked unfavorably on Comcast’s bid, finding it would have too many negative effects on consumers and on competition. But Charter clearly would not be trying its own takeover, with such a huge price tag, if they didn’t think they stood a good chance of success. So what makes the second offer so different from the first — and is it any more likely to succeed?
Sometimes you have to pat yourself on the back after a job well done. But if you’re a company for whom accolades may be in short supply, it helps to sponsor (and have one of your executives be in charge of) a professional organization that is willing to give you an attaboy when you need one. [More]
Even though the $45 billion merger of Comcast and Time Warner Cable officially failed more than a week ago. One might assume that this collapse would have sufficed for the California state regulator who proposed blocking the deal in that state, but yet the merger approval process in California moves forward — even without a merger to approve. [More]
As we sip the last drops of champagne over the failure of the merger of Comcast and Time Warner Cable, an even bigger acquisition appears to be passing through the regulatory process with relative ease — that of AT&T and DirecTV. And with Comcast, TWC, Charter, and other cable operators all now looking for potential corporate spouses, their eyes may also be turning toward the wireless market. [More]
It’s only been a few days since Comcast and Time Warner Cable got tired of waiting for the inevitable regulatory objections to their wedding and called off the whole $45 billion marriage. While Comcast can enjoy the single life for a bit before deciding what to do next, TWC is already being linked to multiple suitors. First there was news that Charter, who was originally rejected in favor of Comcast’s bigger, sexier proposal, was once again standing outside TWC’s window with a boombox over its head. Now come rumors that TWC may be trying to make some merger magic happen with Cox. [More]
While many opponents of the Comcast/Time Warner Cable merger were setting off fireworks last Friday to celebrate the defeat of this deal that would have concentrated nearly 60% of the nation’s high-speed broadband accounts under one company, realists among us are pointing out that the end of that ill-fated engagement does nothing to change the already dismal competition landscape in many markets. [More]
While the majority of American consumers were opposed to the merger of the nation’s two largest cable/Internet providers, there is a large group of people for whom today’s news may be a big downer: Comcast employees. [More]
We were skeptical from the start, but obviously someone at Comcast believed that the company would eventually be allowed to acquire Time Warner Cable for the massive sum of $45 billion. Yet this morning the nation’s largest pay-TV and Internet provider walked away from the mega-merger that would have given it unprecedented market share in both of these industries and control over cable and broadband service for the two largest cities in the U.S. So how did we get here? [More]
As it was predicted yesterday, so it has come to pass: after 15 months of trying to get it approved, and opposition not only from consumers, consumer advocates, and lawmakers but also from regulators, Comcast is giving up on its dreams of acquiring Time Warner Cable and walking away entirely from the merger.
Consumer Advocates Say There Are No Conditions That Would Make Comcast, Time Warner Cable Merger Acceptable
Comcast representatives are reportedly meeting with regulators today to discuss the status of the cable colossus’s pending $45 billion acquisition of Time Warner Cable. While some reports claim that antitrust lawyers at the Dept. of Justice are leaning toward suing to block the merger, others believe that the DOJ and FCC will attempt to put conditions on the deal in order to approve it. But consumer advocacy groups say that there are no conditions that would make this merger palatable. [More]
As we head into the final stretch of regulatory review for the pending $45 billion of Comcast and Time Warner Cable — and with the Dept. of Justice possibly prepping to block the deal — a group of U.S. Senators has written to U.S. Attorney General Eric Holder and FCC Chair Tom Wheeler urging them to prevent these two companies from getting hitched. [More]
The Comcast and Time Warner Cable merger is not going as smoothly as either company had hoped. With each passing day, the FCC seems less likely to rubber-stamp their approval, and rumor has it that the Justice Department is leaning against the corporate marriage. With momentum building, merger opponents are taking the chance to push back even harder, and that includes U.S. Senator Al Franken.
In the wake of a report that antitrust attorneys at the U.S. Dept. of Justice are leaning toward blocking the pending $45 billion merger of Comcast and Time Warner Cable, it looks like the cable giants are going to meet with the DOJ later this week to discuss the status of the deal. [More]
It’s been well over a year since Comcast announced its $45.2 billion plan to buy Time Warner Cable and regulators at the FCC and Justice Dept. have yet to indicate publicly whether they plan to approve the deal or sue to block it. However, a new report claims that antitrust lawyers at the DOJ are leaning toward putting the kibosh on this marriage of the nation’s two largest cable operators. [More]
With Comcast set to take over Time Warner Cable’s millions of California customers, state regulators there have been scrutinizing the deal to see how it would affect consumers. Earlier this year, the state’s Public Utilities Commission (CPUC) suggested a number of conditions that would make the merger more acceptable, but today a CPUC commissioner publicly called for the state to block the marriage of Comcast and TWC, at least in California.
Yesterday, Philadelphia finally got around to releasing the results of a long-in-the-works Comcast customer service survey of city residents, and the results weren’t very favorable for the cable company. Of course, Comcast, which had more than a month to review the report before it was made public, is now trying to discredit it, saying the consultants that put it together should have asked Comcast — and not the citizens of Philadelphia — for accurate data about customer service. [More]
Earlier this week we told you how the city leadership here in Comcast’s hometown of Philadelphia appeared to be dragging their feet in getting around to releasing the results of 15-month-old survey of city residents about Comcast service, even though the cable company had already been shown the report. Today, the city finally got around to sharing this info with the public and it’s about as unpleasant as you’d expect. [More]