Jeffrey Marcus, a partner at Crestview Partners, has resigned from Charter Communications’ board of directors. With Marcus’ exit, Charter is down one person on its 12-member board, but a search is underway to fill the empty seat. He joined Charter’s board in May of last year.
In order to better serve patients in their homes, Time Warner Cable Business Class has launched a “Virtual Visit” telemedicine trial with Cleveland Clinic. As its name implies, Virtual Visit allows Cleveland Clinic healthcare professions to interact with patients in their homes via Time Warner Cable’s secure network. Virtual Visit is one element of Time Warner Cable Business Class’ Home Health Monitoring platform.
Xfinity TV customers will have the chance to watch content from networks such as NFL Network, Big Ten Network (BTN), Pac-12 Networks, ESPN Goal Line, FOX Sports 1, NBA TV, NHL Network and NBC Sports Network (NBCSN). This programming is typically available only to subscribers of Comcast’s various sports packages.
Time Warner Cable and A&E have renewed their carriage agreements. With the new contract, which also covers Bright House Networks, the two MSOs will continue to air A&E, Lifetime, History, LMN, Bio, H2, History en Espanol, and several other A&E channels.
The opening price values Twitter at $31 billion, which puts it in in range of KFC and Pizza Hut owner Yum Brands, tractor and tool maker Deere & Co. Twitter's shares jumped as high as $50.09 on Thursday morning and were up $19.14, or 73.6 percent, at $45.14 in midday trading amid a broader market decline.
The satellite-TV provider also is shutting down Blockbuster's DVD-by-mail service next month. Dish Network's retreat will render Blockbuster's once-ubiquitous brand nearly extinct. About 50 U.S. stores operating under franchise agreements will remain open.
The company lost a total of 12,000 revenue generating units during the quarter. During the same period in 2012, Mediacom lost 9,000. That puts the company down 59,000 RGUs since last year. The loss of video customers overwhelmed the increases in broadband and phone subscribers.
Charter will begin to field test the ActiveVideo / Zodiac UI in Fort Worth in the next few days. It will roll out with employees and then the general public.If that cloud-based UI works as expected, Charter will do a commercial rollout later in the second quarter of next year.
Construction on RES Americas' $200 million, 55-turbine wind power project, called Keechi, will begin in December and is expected to be operational by June 2015. Microsoft is buying all 430,000 megawatt hours of energy it produces — or enough to power up to 45,000 homes. That is about 5 percent to 10 percent of the company's total electricity consumption.
AT&T’s home automation and security service, which is called “Digital Life,” will soon be available in six new markets. Starting Friday, Digital Life, which made its debut earlier this year, will launch in Bridgeport, Conn., Colorado Springs, Colo., Memphis, Mobile, Ala., New Haven, Conn., and Pensacola, Fla.
Arris announced Friday afternoon that former Motorola Home executives Rob McLaughlin and John Burke were leaving the company at the end of the month to “pursue other opportunities.” McLaughlin is the leader of Arris’ North America sales and global marketing and communications team while Burke is in charge of the company’s cloud solutions team and its corporate strategy and development team.
Passengers traveling on U.S.-based airline carriers will be able to use most electronic devices throughout their flights. The new rules do not apply to cell phones, whose use will continue to be prohibited on takeoff and landing, though airlines are gradually adding cellular service as a broadband connectivity option.
Suddenlink announced it has hired Robert Daleo as vice president of sales and marketing for the company’s Atlantic Region. The region includes systems in West Virginia, Kentucky, Ohio and Virginia. He will be responsible for all sales and marketing activities.
RCN is now offering a new online backup and file sharing service for $4.99 a month. In order to access the service, which is called RCNBackup, users need to subscribe to at least one of RCN’s video, data or voice offerings.
The month-long blackout of CBS programming put a damper on Time Warner Cable’s third quarter results, which included the loss of 306,000 residential TV subscribers in the quarter. While the amount of video subscribers lost in the third quarter exceeded analysts’ expectations of 183,000, Time Warner Cable also bled 24,000 data subscribers and 128,000 voice customers on the residential side.
After 41 years in the cable industry, Time Warner Cable CEO and Chairman Glenn Britt took part in his last quarterly earnings conference call this morning. Britt spent about the first 20 minutes of the call with analysts speaking about the state of the cable industry in general while providing his own views and experiences.
CEO Michel Combes, whose predecessor struggled to turn the company around and who recently warned the company could "disappear" if it's not overhauled, said it is continuing asset sales to focus on developing new broadband. He said the company's new all-IP strategy is showing signs of paying off.
Intel was known to be interested in developing a web-based television service, but the move put the company in an awkward position. One division sells semiconductors used in to make cable modems and set-tops for the cable industry, while another division, Intel Media, was trying to become a direct competitor to MSOs.
The company reported that the accelerated rollout of the X1 interface has led to a significant increase in VOD viewing, and a meaningful reduction in churn. The company was mum on Netflix, but CEO Brian Roberts said the first fruits of its deal with Twitter should arrive sometime within the next few weeks.
There is no shortage of speculation about whether Comcast doing a deal with Netflix makes business sense – some say yes, some say no – but there are few evaluations of whether a Comcast-Netflix deal makes technological sense, which is key to why a Comcast-Netflix agreement is far more likely than not.
Liberty Global plans to sell nearly all of its Chellomedia international content division to AMC Networks in a deal worth about $1.04 billion. The international cable TV and Internet provider said Monday it will include Chello Multicanal, Chello Central Europe, Chello Zone, Chello Latin America and Chello DMC in the deal as well as stakes in several joint ventures
The company and key investor Carlyle Group together sold approximately 38.5 million shares priced at $15 each, netting $576.9 million. CommScope had expected its IPO to price at $18 to $21 a share. The company said it will use its share of the proceeds to redeem $399 million in senior notes due in 2019.
amsung Electronics Co. reported another record quarterly profit as a revival in its semiconductor business and strong shipments of cheaper handsets offset flat sales of high-end smartphones. The South Korean company, which is the world's largest maker of smartphones, memory chips and televisions, said Friday its July-September net profit rose 25 percent over a year earlier to 8 trillion won ($7.5 billion).
Cox Communications announced today that it has tapped seasoned telecom executive Steve Rowley to lead Cox Business. Rowley replaced Phil Meeks as the head of Cox Business following the departure of Phil Meeks to Time Warner Cable earlier this year.
AT&T reported its U-verse TV and Internet service reached 10 million subscribers during the third quarter, with one of the biggest gains in TV viewers in the history of the service. AT&T's third-quarter profit and revenue increased as the nation's largest telecommunications company added more smartphone and broadband subscribers.