When regulators look at Comcast's deal to buy Time Warner Cable, will they see NBC Universal or T-Mobile?
In 2011, regulators in Washington gave Comcast the go-ahead to buy the rest of media conglomerate NBC Universal from General Electric that it didn't already own, after the No. 1 cable provider agreed to abide by conditions, like preserving Net neutrality, for a seven-year period.
That same year, AT&T announced its plans to acquire T-Mobile USA from Deutsche Telekom in a deal valued at $39 billion. Regulators in Washington took a clear stance on that megamerger: The Justice … Read more
Comcast and Time Warner Cable, the country's biggest cable companies, agreed to merge in an all-stock deal Thursday that would create a pay-television giant with approximately 30 million subscribers, confirming wide reports of their proposed combination late Wednesday night.
Though consumer watchdog groups have already come out in opposition to such a deal, the companies pitched their marriage as something that would save money and improve their technological wherewithal.
"This transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create … Read more
Comcast will announce Thursday that it has agreed to purchase Time Warner Cable for $44.2 billion in stock, according to a report late Wednesday by CNBC's David Faber.
The media and communications company will reportedly pay $159 per share for the cable company's 277.9 million outstanding shares, a 17.5 percent premium over Time Warner Cable's closing price of $135.31 on Wednesday. Comcast is willing to divest itself of 3 million subscribers in an effort to head off any regulatory objections to the deal, sources told Faber.
Comcast to buy Time Warner Cable in … Read more
The movie "Despicable Me 2" was the fourth biggest box-office hit of 2013, so naturally all sorts of video-streaming providers would vie for its exclusive access. But, it'd be unusual for a cable company to try to get its hands on the movie.
It appears, however, times are changing. According to The Wall Street Journal, Comcast is said to be seeking the exclusive pay-television rights to "Despicable Me 2" in order for its users to be able to stream the movie.
If the deal goes through, this would be the first time a cable provider … Read more
Comcast Corp., the country's biggest cable company, has entered a partnership with its smaller rival Cox Communications to license its X1 video software system.
Executives disclosed the partnership Tuesday on a conference call discussing Comcast's fourth-quarter earnings, in which lower-than-expected growth in earnings was outshined by solid revenue gains, video subscriber increases for the first time in years, and investor rewards like a boosted dividend.
Reuters reported that Comcast and Cox were in advanced talks over an X1 license earlier Tuesday.
Comcast had already hinted that such an outcome was in the offing. Earlier this month, Chairman and … Read more
"Somebody's going to come over the top," said David Zaslav, the head of Discovery Channel- and TLC-parent Discovery Communications, using the phrase for delivery of TV over the Internet. He made the comments last month at a UBS investor conference, where the financial chief of Disney said its arrival was a certainty and the chief of MTV's and Nickelodeon's parent, Viacom, gave it "a very strong chance" of arriving in 2014.
It has long … Read more
Amazon, as well as television and film studios, cable company Comcast, and pay-as-you-go digital movie and TV streaming service M-Go, have teamed up with Samsung to deliver 4K video.
The announcements were released to coincide with a Samsung press conference Monday in Las Vegas as part of the 2014 Consumer Electronics Show.
Amazon Instant Video said it was working with Samsung, as well as top Hollywood studios and TV programmers like Warner Bros., Lionsgate, 20th Century Fox, Discovery, and more to offer Amazon customers a premium 4K video experience.
Without providing many details, the e-commerce giant's announcement about broad … Read more
Rumors have been flying around over the weekend that Comcast is looking to buy Time Warner Cable outright or as part of a deal with Charter Communications. While such a deal would likely be heavily scrutinized by regulators, it still may have a chance of passing muster if the companies are willing to make some serious concessions to appease policy makers.
So far neither company is commenting on the rumors. But if such a deal were to be announced, it would expand Comcast's cable empire to serving a whopping 33 million customers across the country, adding huge metro markets … Read more
Hulu could be coming to a cable set-top box near you. According to The Wall Street Journal, the online TV streaming service is said to be in preliminary talks with a handful of pay-TV operators about possible partnerships.
These talks are said to be about Hulu potentially bundling its Hulu Plus subscription service with pay-TV subscriptions. According to the Journal, the streaming service is purportedly in talks with Comcast, Time Warner Cable, Cox Communications, AT&T, and Verizon.
Apparently, Hulu hopes that any deal would let cable customers get its service via a set-top box, according to the Journal. … Read more