Cablevision announced on Friday that Brian Sweeney would become the cable operator’s chief financial office effective March 1. Sweeney, who already holds the title of president at Cablevision, will succeed current CFO Gregg Seibert. Seibert will continue to serve as vice chairman of Cablevision where he will focus on the company’s long-term strategic and financial initiatives.
BabyFirst, which is a TV channel targeted at toddlers and their parents, has launched on Bright House Networks, the nation’s sixth-largest cable operator. The launch added 2.5 million Bright House Networks customers in Detroit, Indianapolis, Central Florida, Tampa, Birmingham and Bakersfield to BabyFirst’s distribution, which now stands at more than 50 million U.S. homes, in English and, via SAP, Spanish.
Sprint's latest plan for luring new subscribers is to occupy the remains of RadioShack.The long-struggling consumer electronics chain filed for bankruptcy protection Thursday. Part of its plan is for Sprint, the No. 3 U.S. wireless carrier, to open mini-shops in as many as 1,750 of RadioShack's remaining stores.
Charter Communications’ fourth quarter results were driven by robust video and advertising revenues, and a continued increase in data subscribers. Charter’s residential video subscribers grew by 3,000, as opposed to a loss of 2,000 a year ago, while it added 104,000 high-speed Internet customers in the quarter.
According to recent research by Parks Associates, 25 percent of the broadband households across the nation find an energy monitoring service “very appealing.” In more good news for cable operators that offer home automation services, 22 percent were interested in an appliance monitoring service while 26 percent found an HVAC monitoring service very appealing.
Gureck will be responsible for research and development, merger and acquisition activity, concentration on market value and trends, continued development of strategic partnerships, and diversifying the company’s lines of business, the company said.
According to a recently published report by Dell’Oro Group, the global service provider market is projected to top $11.5 billion in four years. The service provider market includes core and edge routers while the report also examined the enterprise router market.
In the 16th annual Harris Poll Reputation Quotient study that was released today, Charter Communications and Comcast ranked 92nd and 93rd, respectively out of the 100 companies on the list. Given Comcast’s slate of customer service debacles, including the news last week that a customer’s name was changed to “A**hole Brown” on his bill, it’s no surprise to see it near the bottom.
Sony Corp. trimmed its forecast of losses and gave a figure for damages from the Sony Pictures hack, but said it would suffer no significant harm from the cyberattack in the long run. The entertainment and electronics giant delayed the announcement of its earnings for the October-December quarter because the hack affected its ability to compile its complete results in time.
The cable expects its industry-wide $1 billion energy bill to quadruple soon. The SCTE's Energy 2020 project has calculated that between 73 percent and 83 percent of cable’s overall energy consumption is by hubs and headends, and it's determined to reduce that figure.
General Communications, Inc. (GCI) has wrapped up its $300 million deal for Alaska Communication’s wireless business. The deal, which was announced in December, included Alaska Communications' wireless subscriber base and its 33 percent interest in a partnership between the companies known as The Alaska Wireless Network LLC
In order to expand its reach into more households, Intel announced a deal to buy Munich, Germany-based Lantiq, which is a supplier of broadband access and home networking technologies. Terms of the deal, which is slated to close over the next 90 days after passing customary closing conditions and regulatory approvals, weren’t released.
Cablevision Systems is suing Verizon for false advertising claims again, this time charging its rival with misleading and deceptive advertising claims about Wi-Fi service. Cablevision is objecting to Verizon’s promotions of its new FiOS Quantum gateway.
Barring delays, Comcast’s acquisition of Time Warner Cable would have been completed by February. But there have been delays. Squabbles among companies who are party to the review, about who can see what documents in the proceeding, have repeatedly delayed the review process.
Amazon's strategy to expand into new areas like cloud computing, streaming video and hardware has affected profitability to investors' sometime chagrin. But Q4 results seem to show the company has the reins in hand when it comes to spending big and being profitable.
The company recently announced a DOCSIS 3.1 chipset that will be a critical component of next-generation cable equipment, right after announcing a g.fast chipset for equipment that can accelerate DSL networks to potentially compete with DOCSIS-based networks.
What's not yet known is whether this offering will be the same channel as what cable and satellite TV subscribers now get, similar to the services planned by HBO, ESPN, and CBS. It's possible the service will have just supplemental content or archives of past shows when it launches in March.
MSOs are now providing broadband rates far in excess of the proposed new minimum, but the cable industry insists that’s not the point. The speed definition of broadband is intrinsically tied into the network neutrality debate, which is tightly intertwined with the argument about how to classify broadband. (updated Jan. 30 to include ACA comment)
Time Warner Cable had some positive news to report in what may be its last earnings report before being consumed by Comcast later this year. In the fourth quarter, the nation’s second-largest cable operator reported its best quarterly subscriber numbers in seven years, which included the loss of just 38,000 basic video subscribers, which was less than analysts had projected.
WOW! Business has purchased fiber conduit in Chicago to better serve 38 downtown buildings. The fiber conduit runs along Wacker Drive in the downtown Chicago central business district and will enable WOW! to offer its triple play and cloud computing services in the area.
Charles H. Townes' inspiration for the predecessor of the laser came to him while sitting on a park bench, waiting for a restaurant to open for breakfast. On the tranquil morning of April 26, 1951, Townes scribbled a theory on scrap paper that would lead to the laser, the invention he's known for and which transformed everyday life and led to other scientific discoveries.
Telefónica continues to use Amdocs to upgrade the business support systems (BSS) of its properties in South America. This time it is looking to Amdocs for systems to support the multi-screen experience for quad-play customers of its Vivo operation in Brazil.
AT&T U-verse added a modest 73K video subscribers in Q4. Meanwhile, CEO Randall Stephenson allowed that there might be ways for the FCC to reclassify broadband under Title II without damaging the industry; he just wants to see the plan first before deciding.
In an effort to expand its geographic reach and business portfolio, CommScope Holding announced this morning that it was buying TE Connectivity’s telecom, enterprise and wireless businesses for about $3 billion in cash. The deal included Switzerland-based TE’s telecommunications, enterprise networks and wireless businesses, which generated $1.9 billion in annual revenue last year.
Working on a prestige project, Time Warner Cable has pulled more than 1.5 miles of fiber and coaxial cable into and throughout the skyscraper, a 104-story office building that replaced the fallen twin towers in New York City’s Lower Manhattan.