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.
The plot has thickened once again in the ongoing story of Time Warner Cable being bought out by another cable operator. Reuters reported that Comcast has turned to JPMorgan Chase & Co. for its expertise in case it decides to throw a bid on Time Warner Cable
Comcast Cable announced this morning that effective immediately, Robert S. Victor was named senior vice president, finance and business operations, for Comcast Business. Victor reports to Bill Stemper, president of Comcast Business, and Stephen Perez will join his team as vice president, financial planning and operations.
Time Warner Cable announced this morning that Christian Lee had been promoted to senior vice president, mergers and acquisitions effective Dec. 31. Separately, Rob Marcus, who will take over the reins of the company on Jan. 1, said in a Bloomberg story that he was “the perfect guy to manage the M&A component out there.”
GPS will tell you how to get to the nearest Apple store. With iBeacon, Apple hopes to guide you around once you're inside. On Friday, Apple Inc. will begin using the technology at its 254 U.S. stores to send you messages tailored to where you are inside, provided you have downloaded the Apple Store app and have given Apple permission to track you.
Comcast Business has hired Paul Merritt as the director for the company’s Mountain Region. In his new job, Merritt will be responsible for leading Comcast’s growth in the region as well as its expanding portfolio of business solutions and services, including Ethernet-based offerings.
Todd Porch, who has overseen digital advertising efforts at Yahoo, Nexstar and Broadcast.com, has been named vice president and general manager of Comcast Wholesale’s AdDelivery service. Prior to his appointment to the Comcast Wholesale senior leadership team, Porch spent four years as executive director of the 250-member advertising operations and account management unit at Yahoo.
Blue Ridge Communications has joined the Comporium Security, Monitoring and Automation (SMA) Dealer Program to deliver a home management service to its subscribers. Comporium’s service combines a security alarm system, communications gateway and home automation platform into one device.
There are grand and vocal disagreements flying about today as governments and private parties square off over the supposed usefulness of next-generation networks capable of hurtling digital data to everyday consumers at speeds of 1 gigabit per second or faster. Skeptics argue investing in super-fast networks is folly.
I once heard a boss referred to as “leaves”. He went beyond “not being able to see the forest for the trees.” He couldn’t even see the trees for the leaves! But as the boss, his ideas had to be explored and even implemented. Most failed, but that was expected. He was involved in the early days of the organization and, as such, gained a position from which no one was able to dislodge him.
Who better to turn to for advice on that than General Colin Powell? The Leadership Primer from the former Chairman of the Joints Chiefs of Staff is “must” reading: not just for those in the position of building teams and driving change, but for the broader workforce as well.
The Commission recently just designated as competitive dozens of markets in which Comcast, Time Warner Cable, and Bright House Networks operate networks. Once a market is certified as competitive, municipal and/or state rights to regulate basic cable service rates are revoked. Last week, the FCC exempted Cablevision from the same regulations in nearly two dozen markets.
The Consolidation Waltz continues. Charter Communications CEO Tom Rutledge recently opined on CNBC that Charter does not need any more acquisitions to grow its business. Liberty Media CEO Greg Maffei, sitting in on the same interview session, said that for Charter, TWC is not the only possible acquisition target that might be “an attractive fit.”
The router and switch market for service providers continued to claw its way back in the most recent third quarter, according to a report by Infonetics Research. Over the long haul, Infonetics forecasts the service provider router and switch market would grow at a 7 percent CAGR from 2012 to 2017, when it will reach $20.2 billion.
The chair of the Senate Commerce Committee has asked the FCC to not approve any merger deals among broadcasters while the Government Accountability Office (GAO) investigates shared service agreements (SSA), in which broadcasters negotiate agreements on behalf of others in the same market, raising costs for local cable operators and their subscribers.
Rogers Communications went top shelf in scoring a multi-billion-dollar, 12-year carriage agreement with the National Hockey League “on all platforms in all languages." Rogers said the new media rights deal, which starts in the 2014-2015 season and runs through the 2025-2026 season, was the largest in league history.
Late Friday, those agitating for consolidation in the cable industry floated the notion of Charter Communications and Comcast bidding on Time Warner Cable together, then breaking it up into pieces, with each claiming chunks. The news was well received by Wall Street merger-and-acquisition (M&A) experts and investors, who bid up the values of the stock of any MSO rumored to be party to any such deal.
While Charter Communications and Liberty Media’s John Malone are reportedly lining up funding for a bid to buy Time Warner Cable, Comcast is checking into the possible regulatory hurdles it could face should it choose to purse the nation’s second-largest cable operator. CNBC reported that Comcast was asking for guidance on anti-trust and other potentia telecommunications issues that would be associated with a bid for TWC.