Stranger things have happened.
Stranger things have happened.
Sixteen years ago, in 1998, AT&T’s then-Chief Executive C. Michael Armstrong spent close to $100 billion buying up cable companies to pursue an ambitious plan to bundle video, internet, and phone service. It did not go well. And now, with its DirecTV deal, AT&T is basically trying to do it again.
The telecommunications giant’s $67.1 billion for DirecTV indirectly makes the case for Comcast that it needs to merge with Time Warner Cable because competition is increasing.
AT&T’s interest in DirecTV is less about strategic fit and more about gaining access to the satellite operator’s massive cash flow.
Multiple news outlets reported Monday that AT&T is closing in on a deal to acquire DirecTV, the nation’s largest satellite TV operator, for $50 billion. The potential deal comes after years of on-again, off-again negotiations between the two companies and follows the impending $45.2 billion merger of Comcast and Time Warner Cable.
The NBA’s current TV contract expires in two years, and as the only major sports league or property whose rights become available before 2020, the league is about to score a big-time payday.
Randy Falco, who previously served as one of the highest-ranking executives at NBC, said on Univision’s first-quarter earnings call Monday that the Comcast-Time Warner Cable merger is bad for competition, particularly for Hispanic consumers. NBC owns Univision’s top competitor, Telemundo.
After being usurped by Comcast to acquire all of Time Warner Cable, Charter Communications managed to save face by inking a deal to buy and swap some cable systems with Comcast in a complex, three-step, roughly $20 billion deal. As a result, Charter, whose biggest shareholder is cable industry pioneer John Malone, will become the second-largest cable distributor in the country, trailing only the combined Comcast-Time Warner Cable.
CBS, Time Warner, Viacom, 21st Century Fox, Disney, Discovery, and other big media companies weren’t at Comcast’s Senate panel hearing Wednesday. The eternal forces of fear and greed.
Steve Burke made the pitch during an on-the-record lunch with reporters ahead of next month’s upfronts and just two days before parent company Comcast is due to defend the merits of its $45.2 billion merger with Time Warner Cable before the Senate.
The Facebook CEO has grown into a cocksure leader, solid operator, and gutsy deal-maker, even if the casual dress remains.
The proposed $45 billion mega-merger between Comcast and Time Warner Cable put the spotlight squarely on Federal Communications Commission Chairman Tom Wheeler. The FCC and Department of Justice will conduct the merger review, looking at such factors as market concentration, pricing power, and broadband access, among other issues, to determine approval or rejection.
Comcast’s surprise deal to acquire Time Warner Cable for $45.2 billion leaves Charter Communications, led by CEO Tom Rutledge, with few options. Charter had been pursuing Time Warner Cable for months.
Roberts built Comcast into a programming and distribution powerhouse by gobbling up companies like Pac-Man did pellets. His latest deal came late Wednesday night for Time Warner Cable.
Cable company Charter Communications, in which John Malone’s Liberty Media holds a 27% stake, made an unsolicited $61.3 billion bid for larger rival Time Warner Cable. The move marked the beginning of what is expected to be a protracted battle that could reshape the nation’s cable landscape.
Comcast’s Roberts family and John Malone’s Liberty Media have both reshaped and risen to the top of the cable television industry through dealmaking. h/t @qz.
Recent stories about a potential sale of Time Warner Cable offer a master class in the subtle semiotics of deal-making. A reader’s guide.
Time Warner Cable’s loss of 306,000 video subscribers as a result of its blacking out CBS for the better part of August proves that the fight against programming-fee increases is futile. The situation is best summed up with a line from Goodfellas: Fuck you, pay me.
Stop unplugging your modem. It’s not you.
A month after the cable company blocked CBS and its other channels — like Showtime — from its millions of subscribers, the service is back. Thank you, football.
Time Warner Cable subscribers have been unable to watch CBS for 17 days due to a contract dispute. But, if historical trends are any guide, the beginning of fall — not the start of the football season — could provide the impetus to end the standoff.
Sometimes, TV will NOT be there for you when the rain starts to fall.
Your road to recovery is just a click away!
After extending the deadline on negotiations several times this week, Time Warner, CBS, and Showtime let the clock run out on their 5 p.m. ET Friday cutoff — and subscribers in Los Angeles, New York, Dallas, and other cities are seeing the stations go dark.
Current’s CEO Joel Hyatt informed his staff that they had been purchased by Qatar-based Al-Jazeera, and that the network would no longer be carried by Time Warner Cable in an email on January 2. The subject line: “BIG NEWS FOR THE NEW YEAR!”
Time Warner Cable is wisely capitalizing on the Magic Mike madness with a section in its On Demand offerings exclusively dedicated to Channing Tatum.
The cable company assembled a cheeky calendar boasting its hottest employees. Well, there’s one way to make your staff forget about looming layoffs. View Image ›