Broadband Briefs for 12/07/07
• RCN lures NFL fans at Comcast's expense
By Brian Santo
Taking advantage of the carriage spat between Comcast and the National Football League (NFL), RCN will carry all NFL Network coverage this season. Comcast carries the NFL channel but moved the channel to its digital tier, setting off a squabble about how accessible the games are on Comcast. RCN has an all-digital network, which is why it's immune from the argument; RCN means to attract football fans disaffected with Comcast to subscribe to RCN's service.
• Bright House adds telecom vet as VP of business solutions
By Traci Patterson
Bright House Networks has named Nick Lenoci as VP of business solutions. The nearly 20-year telecom veteran will be responsible for developing and leading long-term business solutions strategy and execution, developing product and pricing strategies and overseeing the development of channel marketing strategies.
• Advisory firms back Arris' buy of C-Cor
Arris and C-Cor announced yesterday that Institutional Shareholder Services (ISS) and Glass Lewis and Co. have recommended that Arris and C-Cor shareholders back Arris' proposed purchase of C-Cor. In September, Arris made an offer of $730 million to buy C-Cor.
"We are very pleased with the ISS and Glass Lewis recommendations," said Robert Stanzione, CEO of Arris, and David Woodle, CEO of C-Cor, in a prepared statement. "This represents a credible, independent validation of the strategy behind this transaction."
The deadline for C-Cor shareholders to elect to receive merger consideration of cash, shares of Arris common stock, or a combination of cash and stock as described in the joint proxy statement/prospectus, is Thursday at 5 p.m.