Not content with already having the tallest skyscraper in its hometown of Philadelphia, Comcast announced yesterday that its new research center will be even taller when its finished in 2017. The glass and stainless steel Comcast Innovation and Technology Center will over shadow the neighboring Comcast Center, which is the cable operator’s headquarters that opened in 2008.
The executive committee of the CTAM board of directors announced the election of Gemma Toner, senior vice president, broadband product management, Cablevision to a one-year term as board chair. The committee also elected Charter's Jonathan Hargis and Disney's David Preschlack to serve second terms in their respective roles as vice chair and secretary/treasurer.
Plenty of parents have been there — handing over the iPhone or iPad to a child while waiting in the doctor's office, standing in line at Starbucks or sitting in the car for a long road trip with the family. Too often, parents were caught unaware that by entering their password they were authorizing purchases, the FTC said Wednesday in announcing that Apple Inc. had agreed to refund at least $32.5 million to unsuspecting parents.
Chinese tech giant Huawei on Wednesday rejected suggestions its telecoms equipment is vulnerable to hacking and forecast a rise in 2013 profit of nearly 50 percent. Chief financial officer Cathy Meng rejected as "groundless" reports that Huawei equipment might be more vulnerable to security threats than telecoms infrastructure made by other companies.
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.
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.
About 20 million DirecTV customers nationwide lost The Weather Channel because of a dispute over fees between the channel and the satellite service. The two companies pointed fingers at each other late Monday as a midnight EST deadline for renegotiation of carriage fees paid by DirecTV to The Weather Channel passed without an agreement.
Contec, which specializes in in repairing and refurbishing set-top boxes, is buying Replico, a company that performs returns management and related logistics services for a wide array of customers, technologies and industries including cable TV and IPTV companies.
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.
Personal computer giant Hewlett-Packard Co. has confirmed that it expects layoffs at the upper end of a range that it outlined earlier this year, with 5,000 more workers than originally planned expected to lose jobs by October 2014. The company said in a securities filing Monday that "continued market and business pressures" were behind the move.
Time Warner Cable continued to take care of business, signing a carriage agreement with Viacom, a day after signing a retransmission consent deal with the Tribune Company. Viacom is the owner of channels including Nickelodeon, MTV and Comedy Central.
While Charter Communications and Time Warner Cable have been monopolizing everyone's attention, a small cable operator in northwest Kansas pulled off the purchase of several cable television systems in Colorado and Nebraska. Financial terms of the deal were not disclosed.
Tribune Company and Time Warner Cable announced a new multi-year retransmission consent agreement for the Tribune broadcast television stations in New York, Los Angeles, Dallas, San Diego and Indianapolis, as well as the company’s expanded station portfolio.
The company said it has integrated its Merchandiser content marketing solution with content recommendation platforms from ThinkAnalytics, Digitalsmiths, and other vendors. Service providers can enhance their On-Demand storefronts to offer personalized recommendations alongside targeted pricing, ads, upgrades and discounts.
Companies that deal in content in one way or another rely on the technology to shorten production cycles, or to upload TV shows and movies to popular consumer services. The company’s technology, called fasp, is used by cable operators and other service providers for backbone transmission of video and other data.
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.
SCTE board of directors chairman Terry Cordova recently confirmed his slate of individuals who will serve as chairs of the various board committees for the 2013-’14 board term, the Society of Cable Telecommunications Engineers (SCTE) announced today.
Comcast announced that former Goldman Sachs executive Jason Armstrong has joined the company as senior vice president, investor relations. Armstrong took over the position that was vacated by Marlene Dooner, who was recently appointed to the newly created role of executive vice president, Hispanic enterprises and content for NBCUniversal.
Comcast Business has expanded its Upware roster to include marketing and CRM vendor Swiftpage. Upware is divided into various “aisles” among cloud-based vendors that Comcast Business has picked to serve the small and medium-sized business sector, and Swiftpage was the first addition to the marketing and CRM aisle.
Cable TV operator Charter Communications Inc. is preparing to send a letter offering to buy the much larger Time Warner Cable Inc. for below $135 per share as early as Monday. That's according to a person familiar with the matter, who was unauthorized to speak publicly and spoke on condition of anonymity.
Former Cox Communications executive John Dyer will take the helm of Cox Enterprises as its new president and CEO on Jan. 1. Dyer will assume leadership of the company following the retirement of outgoing CEO Jimmy W. Hayes. Dyer is currently Cox Enterprises’ chief operating officer.
Liberty Global has returned to Ziggo with another offer to buy out the rest of the Dutch cable company. Ziggo rejected a bid from Liberty Global in October for being too low. Liberty Global already owns 28.5 percent of Ziggo. It also owns the country second largest cable company, UPC Nederland.
Comcast Corporation announced this morning that Alexander D. Evans would join the company this month as executive vice president, global corporate development and strategy. Evans will report to Michael Angelakis, who is vice chairman and chief financial Officer for Comcast.
Incoming Time Warner Cable Inc. CEO Rob Marcus said Monday that the company's current debt level is "prudent," even as other cable TV companies are reportedly examining adding debt to acquire it. Marcus, the chief operating officer who will replace Glenn Britt as chief executive on Jan. 1, told an investor conference in New York that the company's target of having debt that is 3.25 times its cash flow is appropriate.
Even as Silicon Valley's technology companies speak out against the U.S. government's surveillance methods, they are turning a handsome profit by mining personal data and peering into people's online habits. The industry's profit machine has become tarnished by revelations that the National Security Agency digs deep into the everyday lives of Web surfers.