Skip to comments.Comcast Set to Acquire Time Warner Cable for $45 Billion
Posted on 02/12/2014 8:13:12 PM PST by ConservativeStatement
Comcast will announce a deal to acquire Time Warner Cable in an all-stock deal worth more than $45 billion that will unite the biggest and second largest cable television operators in the country, according to people briefed on the matter. .
The surprise merger expected to be announced on Thursday is likely to bring to an end a protracted takeover battle that a smaller cable rival, Charter Communications, has been waging for Time Warner Cable, and will be the second major deal for Comcast in recent years to radically reshape the American media landscape.
(Excerpt) Read more at dealbook.nytimes.com ...
I feel for Time Warner customers, soon to be a part of the cable company that owns pMSNBC.
Comcrap just plain fails at customer service.
Is that good or bad?
If there was ever a company who deserved to go out of business it is AOL, last I heard parent of Time Warner.
My first thought is that with less competition, prices increase but the cable industry differs from say airline mergers and acquisitions. That is not a perfect example but I would imagine antitrust issues could be a concern.
>> Is that good or bad?
Comcast owns NBC.
as if TW couldn’t get worse, now it will
Comcast knows that it’s all about who owns the bandwidth to the home. Smart move on their part.
A friend of mine in the biz said on Facebook:
>>NBC employees here in Sochi are stunned as this most likely means NBC will now sell the O&O’s. (OWNED/operated)
And yet they won’t invest in two miles of cable to bring 21st century connection speeds out to where I live.
I work for Comcast. The “all hands” meeting called for tomorrow should be interesting.
It’s usually better to be in the buyer company than the bought one. The bought ones will be out of work quickly.
How is Justice going to approve this?
What am I saying?????Never mind.
Unless you like paying higher cable bills, it’s bad.
Hmmmm. I had Comcast then Time Warner took over the city contract. Looks like we will be going back to Comcast.
Comcast is totally wired with The Regime.
Historic combo of the two crappiest TV monopolies in the nation.
How can this not be anti-competitive? Is there no more restriction on monopoly power in the USA?
Yep. You must have a thick skin ;-) I’m a Comcast customer and have had my go-rounds with the support group, but overall you guys provide good, fast, reliable service.
As for those whose undies are in a bunch because Comcast owns NBC and NBC says things they don’t like, go find an alternative that suits your sensibilities. But don’t blame Comcast for doing what they see as in the best interest of their shareholders, that’s how capitalism works.
“Comcrap just plain fails at customer service.”
The city next to us has Time Warner and they hate it, crappy service, constantly down etc so maybe Comcast will be an improvement.
we have Cox and the service ias great.
I used to have Time Warner. I thought their service was pretty bad, so I was hopeful when I heard that Comcast would be buying them out. I remember thinking to myself, "How much worse could it be?" Little did I know.
Google: Mona hammer comcast
And then there's this
See reply #20
Next thing you know and Pepsi is gonna buy Coke.
Do you know of a service whose price goes down every year?
Comcrap has it’s name for a reason. They were richards to some of my clients and I refuse to be a suscriber to their cable.
It's been no different with Time Warner. At least a $10 a month increase each year.
That depends on what kind of services you want and how much you’re willing to pay to get it. Find a local Comcast rep and have him order a survey. A contractor will come up and quote construction costs to Comcast. In most of our markets Comcast will absorb up to $5,000 or so in costs as a matter of course.
Yeah and then they own your community lock, stock and barrel and have enough mojo to keep the competition ou. THIS HAD TO BE FAST EDDIE MAHKEY’S IDEA!
(d.MA) D is for dickhead, dunce, dope dwarf dweeb and originator of the first cable redux! Eddie’s only job was driving an ice cream truck at 19.
I have the same problem, but it is only 1/2 mile they have to go. They keep sending letters promising 12 to 25 GBPS, but when I call to order that they say: "nope" you only get our crappiest DSL where they promise 3 GBPS but deliver 1.8. With huge latency, around 80 ms.
Internet is like being in a third world country for us.
Well, read my post out loud again.
And yet they wont invest in two miles of cable to bring 21st century connection speeds out to where I live.
Do you think my neighbors and I wished upon a star to come to that conclusion? or maybe we actually HAVE contacted Comcast -- many times at many different levels over the course of five years.
I should send Brian a congratulations card.
Wow. No need to be a dick. I was just trying to help.
We don't even get that from Comcast -- nothing. The local phone company is the only option, fortunately they have finally gotten their speeds up over 3. Households just 2 miles away though get the full Comcast service -- over 25 reliably all the time. We've all beaten down doors and been to see everyone but the CEO Ralph Q. Comcast himself. It's so damn frustrating.
No need to treat me like a fool. If I said Comcast refuse come out here, I've OBVIOUSLY contacted them about it more than a few times.
PLEASE report! Very interested in hearing. I have TWC. Quite frankly, as long as nothing really changes I don’t really care but very interested in what info you have.
“Im a Comcast customer and have had my go-rounds with the support group, but overall you guys provide good, fast, reliable service.”
Ditto. Comcast provides excellent customer service here in Colorado, at least for ISP service, which is what I buy from Comcast. And from what I can tell about Time Warner ISP support on the east coast from IT clients I support there, TW is really, really bad in terms of customer service when problems arise with ISP service.
If this merger goes through, I think the TW ISP customers can look forward to improved service.
Comcast has transitioned a lot of their frontline phone tech support to The Philippines or India over the past few months. Quite an enhancement, if you like talking to folks in some gibberish dialect of English.
It may be a sign of the times that the news appears in papers and on web sites before employees are informed officially.
Previously, employment involved a bit of loyalty and a two-way street. Now the bigwigs do their dealing and the devil takes the hindmost. ‘Valued’ employees get a load of spin rather than fact and are then expected to parrot the company line absent any incentive to do so other than the fear of retribution.
This is not an Up The Workers manifesto, merely a rueful observation that company executives seem to be taking their cues from cowardly, craven politicians. Another unfortunate example of cross-pollination in a corporatist world.
Charter is in a panic. All their execs were in Denver yesterday. Some of their jets were at Centennial. A friend that works at Charter said all the execs were in town. John Malone, who currently owns Liberty Media which owns Starz, who also once owned TCI that he sold to become Comcast, now owns over 25% of Charter and 4 seats on Charter’s board of directors and was vying to take over TW.
This changes everything for the cable industry as a Comcast/TW merger could make for one hell of a monopoly. Charter published that they were looking forward to expanding their services but this could squeeze them out as a competitor. Charter is a much lower ranked cable company (Around #5 but only about 5 million subscribers) not even offering service in many Comcast/TW markets including Denver, where Charter has recently expanded their offices. Rumor has it Charter even bought some property recently to build a new headquarters building here in Denver.
Denver is a major telecom/cable city with Jones, Comcast, TW, Charter, Liberty Media, Starz, Dish, EchoStar, DirectTV, Century Link (US West/QWest) all headquartered or present here. Anything happening in that industry is big news to us.
John Malone might have just lost his Charter buy-in money.
“Comcast has transitioned a lot of their frontline phone tech support to The Philippines or India over the past few months. Quite an enhancement, if you like talking to folks in some gibberish dialect of English.”
Haven’t called in a few months so didn’t know that. Also, I have Comcast business service, so the support option is different and I always get a U.S. rep, which may be part of business-class support. The irony is that business ISP is actually a couple of bucks cheaper per month than consumer and you get faster speeds.
But like almost every U.S. company with overseas tech support, you can almost always get transferred to a U.S. rep by merely asking. Most people don’t know that, so they think the gibberish from “Phil” in the Philippines is the best they can do.
All of the Business Class support is US based. There is a large call center her in Naperville and another one in Oak Brook.
The question is irrelevant anyhow - it should be what do we get for our spiraling fees. The answer, at least for Comcast, seems to be not so much better customer service, but more empire building and monopoly chasing...ah well, there's always Directv.....