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Time Warner Cable closer to spin-off

Wed, 02/11/2009 - 7:30am
Brian Santo

The Federal Communications Commission (FCC) will allow Time Warner to assign a set of licenses and authorizations previously granted by the FCC to Time Warner, moving Time Warner’s Time Warner Cable subsidiary another step closer to independence.

Most of the licenses and authorizations grant permission to run various broadcast operations.

Time Warner’s petition for the transfers was challenged by RCN Corp., Dish Network and a pair of small programmers, based on expectations that Time Warner Cable might act in an anti-competitive manner following its divestiture from Time Warner.

The FCC denied the specific challenge from RCN and dismissed the concerns of the other petitioners warning against the approval without conditions.

Commissioner Robert McDowell, regarding the FCC’s approval of the spin-off, said: “I am pleased that the Media Bureau was able to act on these applications expeditiously under the leadership of Acting Chairman Michael Copps. This is yet another transaction that indicates that the media marketplace continues to deconsolidate, a trend that has been evident in recent years.”

More Broadband Direct 02/11/09:
•  Appeals court upholds ruling that Verizon's marketing tactics are illegal
•  Canoe Ventures taps Eason as chief data officer
•  Time Warner Cable closer to spin-off
•  Hundreds of TV stations to end analog on Feb. 17
•  Motorola announces WiMAX router
•  Allot, Camiant join forces on DPI, policy control
•  Level 3 posts 4th-quarter results above Street
•  Even in downturn, Intel eyes $7B investment in next-gen chips
•  Broadband Briefs for 02/11/09

 

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