Charter Communications executives labeled Time Warner Cable a "turnaround project" suffering from a failed strategy as they urged Time Warner Cable shareholders to prod management to begin talks with Charter on its buyout offer. The criticism was leveled Tuesday after Charter revealed details of its proposed bid for Time Warner Cable. The offer would create the third-largest pay TV provider in the country.
The SCTE announced that Bill Schankel has been promoted to Vice President, Marketing, with responsibility for driving an expanded agenda of marketing, communications and business development activities for the industry’s leading provider of technology training, certification and information.
If there’s anybody who knows how to get screwed in a merger, it’s Time Warner Cable. TWC was a pawn in AOL’s acquisition of Time Warner, among the most disastrous mergers in history. Time Warner subsequently used TWC as a piggy bank it could bust open, emptying TWC of cash when it spun off the MSO.
A federal appeals court ruled that the FCC lacks the authority to impose many of the network neutrality rules it set down to guide the behavior of broadband providers, thereby invalidating those rules. The Federal Communications Commission can, however, go back and devise a better argument for its authority to restore the negated rules.
The search engine operator was an early investor in Nest Labs. It says the company's Nest Learning Thermostat has been a "consistent best-seller." The thermostat, which retails for $249, is designed to learn how inhabitants like their homes to be heated and cooled. Once it learns the consumers' preferences, it automatically adjusts the temperature on its own.
The gloves are off in Charter Communications’ attempt to takeover Time Warner Cable. Charter has offered to buy the nation’s second largest cable operator for $132.50 a share, which was slightly higher than where Time Warner Cable’s shares closed on Monday. Monday night Time Warner Cable CEO Rob Marcus, who took over as CEO of the nation’s second-largest cable operator on Jan. 1, formally rejected Charter’s third offer.
TV makers were heartened by the support they received for their new ultra-high-definition TV sets. The 3-D printing section bustled with activity, and it was clear that even though most people won't be buying a printer any time soon, they may be enjoying 3-D printed products, such as jewelry, wedding cakes and dental braces, in the near future.
The $63 million Network New Hampshire Now project, led by the University of New Hampshire, was funded with $44.5 million in federal stimulus money and $18.3 million in private support. The new cable network exceeded project goals by more than 300 miles.
Cablevision has hired Robert Comstock to the newly created position of executive vice president, operations. Effective immediately, Cablevision said Comstock is responsible for all aspects of infrastructure that support the delivery of Cablevision’s customer experience, including network management, field operations, outside plant, Wi-Fi execution, and telecommunications network management.
Dish Network appears to be abandoning its $2.2 billion bid for LightSquared. LightSquared lenders are viewing Dish’s change of plans as a breach of contract. One of the possible restructuring plans for LightSquared is based on Dish’s bid and the ad hoc group directing the effort is lead by Dish Chairman Charlie Ergen’s L-Band Acquisition Corp.
The WWE joins the NFL, NHL, NBA and MLB as the latest sports-based organization that has its own broadband-based network. The WWE Network launches Feb. 24 as a streaming service for $9.99 per month with a six-month commitment and will include all 12 pay-per-view events.
Time Warner Cable announced this morning that Alan Lui was promoted to senior vice president of human resources. Effective today, Lui now leads all aspects of the cable operator’s human resources department. He continues to report to Peter Stern, Time Warner Cable’s executive vice president and chief strategy, people and corporate development officer.
Among the many things Sony announced at CES, two could be momentous for established MVPDs: the company plans to introduce a competitive web-based video service, and it plans to switch delivery of Playstation games from selling physical disks to a streaming model.
The company flooded CES with a spate of new products, including a series of chips for satellite set-top boxes; an Android-based IP STB with partner TVStorm; and another IP “set-top” in the form of an HDMI stick, developed with Novabase. Entropic also announced a MoCA 2.0 USB bus-powered adapter reference design.
With its all digital conversion project slated to be finished in all of its systems this year, Charter Communications announced it was boosting some of the data speeds for its business and residential subscribers. For residential subscribers, Charter said it would double its flagship tier speeds from 30 Mbps to 60 Mbps at no additional cost.
Upon passage of certification, companies receive a certificate documenting and officially acknowledging that the capabilities and features of the submitted product have passed the required interoperability testing authorized by the Alliance, the organization said.
NetGear is launching a line of HD cameras designed for some of the peculiar requirements of service providers who have home automation offerings. Simultaneously, the company is introducing an Android-based HDMI dongle that service providers can use in lieu of a set-top box.
Google’s VP9 codec is an alternative to H.265 (aka HEVC). Both promise to drop compression rates by about half. Google has tried to establish its own codecs as standard issue before, most recently with its VP8 codec. VP8 gained little traction outside of Google. Neither has VP9, until recently.
Suddenlink Communications announced it has completed its purchase of four Texas-based systems from Northland Communications. With the completion of the deal, which was first announced in October, Suddenlink added 12,000 residential and nearly 300 commercial customers.
Twisted Pair’s Wave software integrates voice, text messaging, location and presence in a single application. The company caters to businesses and government agencies looking to create secure communications systems that can be used by employees, in or out of the office.
With the end game of having all of its systems all digital by the first half of this year, Charter announced this morning that all-digital upgrades will start in the middle of this month in Missouri and Southern Illinois. Charter said the upgrades, which are scheduled to be completed by mid-summer, would add more than 200 HD channels to its lineup in those areas, as well as “significantly” faster Internet speeds.
BlackBerry refers to the infamous “Z10 Inventory Charge” that cost the company about $1 billion in its second quarter, as a primary motive for the move. BlackBerry attributes poor sell-through for BB10 devices to a maturing smartphone market, “intense” competition and delays in functionality for its BES 10 platform.
Cox Communications has concluded its integration with the other members of CableWiFi by wrapping up a peering arrangement with Bright House Networks. With the integration of Cox and Bright House Networks hotspots, Cox customers may now access free WiFi in Orlando, Tampa, Daytona, Northern Virginia, Connecticut and Indiana.
GCI Communications, which is Alaska’s biggest telecommunications company, said it would have the state’s first Gigabit Internet service live in Anchorage by 2015. Before it reaches 1 Gig, GCI said it would incrementally increase the speeds on its "fiber re:D" tier.
With the Centerbridge bid out of the way, the path is again open for Dish Network and the $2.2 billion stalking-horse bid it entered in LightSquared’s bankruptcy proceedings. Dish is pursuing LightSquared for access to its 35 MHz of spectrum licenses in the 1500 L band.