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.
Comcast Business recently announced that Jeff Allen was named vice president of the West Division. In his new role, Allen will oversee market development for Comcast Business in seven regions across 11 states.
Shaw Business signed a multi-year agreement with Canad Inns to deliver its video, voice and data services. Shaw will serve 16 Canad Inns locations across Manitoba and in Grand Forks, North Dakota, including hotels, restaurants and various other attractions.
Sony is hoping that providing sharable movie clips and extras like deleted scenes will prompt more people to buy digital movies. The initiative gives people who buy movies on Vudu the ability to share dozens of clips or pieces of behind-the-scenes footage on Facebook and Twitter. In each case, a link takes users to a website with the clip embedded.
Pace is buying Aurora Networks for $310 million, a deal that will combine the former’s set-top and gateway business with the latter’s fiber access network portfolio. Pace said it intends to maintain the Aurora brand, and keep Aurora’s current management team in place after the acquisition.
Tony Werner, executive vice president and chief technology officer of Comcast Cable, will serve as the program committee chairman for SCTE Cable-Tec Expo next year. Cable-Tec 2014 will be September 23-26, in Denver. Werner will drive the development of educational content that will accelerate the deployment of next-generation products and services for Cable-Tec Expo 2014.
Communications equipment maker Tellabs has agreed to be acquired for $891 million by investment firm Marlin Equity Partners. The deal calls for Marlin to buy all of Tellabs shares for $2.45 each. The deal is expected to close during the fourth quarter.
CableLabs and the Society of Cable Telecommunications Engineers (SCTE) announced this morning that they would work in tandem to accelerate the worldwide development and deployment of new cable network technologies. The cable industry’s support organizations, which also include the NCTA, have become more aligned over the past few years at the behest of the cable operators that they serve.
One fan's fixation on finding football online shows the lengths people will go to figure out a way around the byzantine network of content rights that programmers and distributors have adopted. One solution juggles a bunch of apps, plus both Apple and Roku boxes.
While American technology companies are trying to minimize the damage from revelations that the U.S. government spies on everyone including its own citizens, Chinese tech giant Huawei said it never has been asked to provide information about a citizen to any government.
Peak 10, a national IT infrastrcutre and cloud-services provider, announced that it’s now offering Comcast Business’ Ethernet services in its Ft. Lauderdale, Fla. data center. With Comcast Busienss, Peak 10 can provide its customers in South Florida and throughout the southeast access to high-bandwidth Ethernet connectivity, and off-site data center back-up and cloud services for disaster recovery preparedness.
Time Warner Cable has hired former CenturyLink executive Jeffery Painting as senior vice president and chief sales officer. Painting will report to Phil Meeks, executive vice president and chief operating officer of business services for Time Warner Cable.
Integrating Sling technology into one of its boxes apparently wasn’t enough. Arris has arranged with Sling Media to become the exclusive worldwide distributor of gateways and standalone devices that integrate Sling technology. Arris will also eventually take control of worldwide licensing of the technology.
Dutch cable company Ziggo has rejected a takeover bid from Liberty Global as inadequate. Liberty Global began investing in Ziggo earlier this year, buying 28.5 percent of the Dutch company’s stock. Liberty Global and Liberty Media, both chaired by John Malone, have been aggressively investing in cable companies around the world.