Skip to comments.Here's The One Sentence That Has Every Comcast And Time Warner Cable Employee Terrified
Posted on 02/13/2014 2:48:31 PM PST by lbryce
Earlier today, Comcast Cable announced that it agreed to acquire Time Warner Cable in a $45 billion mega-deal.
What's in it for Comcast Cable shareholders?
"This combination creates a company that delivers maximum value for our shareholders," said Comcast CEO Brian Roberts.
How are they going to do that?
The company explains in one sentence that probably has every Comcast and Time Warner Cable employee nervous.
"The transaction will generate approximately $1.5 billion in operating efficiencies and will be accretive to Comcasts free cash flow per share while preserving balance sheet strength."
"Operating efficiencies" usually means the closing and combining offices, which also often comes with job cuts.
For now, management is doing and saying what they can to keep everyone calm.
(Excerpt) Read more at businessinsider.com ...
(Note to new Roku users: Buy the Roku 3 and hard-wire it with an Ethernet cable. Much better than Wi-Fi).
Here come the local meetings with five burly guys in the office, to walk folks out after they find out how Comcast plans on making bigger profits in the future.
We have Time Warner Cable here... They are SO PITIFUL, they make me pine for the days of InsightBB.
Never thought I’d say that when I had Insight.
I can only imagine how bad service is going to get.
One more Obama achievement.
Comcast sucks sideways. Wanna talk to them on the phone? Better be ready to wait for an hour or two. Wanna go pick something up at the service center? Bring a sleeping bag. Wanna have them come out and figure out why their xfinity on demand never works? It is because your inside wires must not be right or something else. And why is my signal so weak? Because you need to buy a few more wireless routers and put them all over the house.
15mbs at just $39.95 a month...after the first month standard rates apply at $79.99 for 15mbs. Additional fees will apply for viewing websites outside the Comcast family.
We have Comcast. I’d love to change, but there’s no real alternative. They charge enormous prices, and give zero service if something goes wrong.
But I will say, our internet service is very fast, and much more reliable than it used to be.
Obviously they won’t use any of the money they save to lower prices. Because they’ll be a bigger monopoly than ever.
We dropped Charter cable 8 months ago and only use them for internet. We've been using an air antenna and a Roku 3 and we haven't looked back. Roku is the best. We also use Ooma for phone service. Dropped our cable bill from $180 to $49. Might have to try ethernet...thanks for the tip.
Yeah, looks like a bigger sucky company buying a smaller sucky company. I HATE Time Warner. I live in South West Ohio and each month I get the bill I see red. The basic service with just Internet and basic hard phone is almost $170 a month. I would ditch TV altogether but I have a spouse who just can’t survive without Dancing With The Stars and Thug Ball. Soon as I can figure out the Roku and Hulu thing TW will be dead to me.
>>One more Obama achievement.
LOL. Yeah, Obama is freeing up Wall St to put every American out of work to boost that bottom line for shareholders, who then complain about all the people out of work. They tell the workers to just work harder for less pay...and then they demand that the GOPe let in 30 million Mexicans to take those low pay jobs.
Sure. It’s allllllllll Obama.
Bank on job cuts.
Regulatory approval? Bet that’s already in the bag.
For history fans, this could be the cable version of the old Standard Oil, with a near monopoly.
Translation from this side of the cable, if you hate Comcast now, you’re really going to them later.
Enormous opportunities to polish their resumes, hit the job market, and get to know the fine folks at the unemployment office.
Comcast = Self fulfilling prophecy of destruction within.
Maybe not allllllllll Clown Prince nobama but you know his degenerate business ideas, nobamacare and taxes figure in there somewhere.
OK, I give up. How is this Obama's achievement?
The overall economy and all its permutations are his doing, one way or the other.
Why should they be terrified? They are about to be liberated. No more drudgery, just stay home with the kids and pay those obamacare premiums.
Mergers always mean job loss.
Great confusion during the reorganization, then job cuts, department consolidations, and then higher prices.
(Note to new Roku users: Buy the Roku 3 and hard-wire it with an Ethernet cable. Much better than Wi-Fi).
From What I have always gathered. Comcast is way more expensive than Time Warner. And their service just plain sucks. You can get a fairly local time Warner Service Tech on the phone in a very reasonable amount of time. And time Warner does not cap Bandwidth.
15000 - 20000 layoffs coming up.
emloyees will be politically purged
C’mon FredomGuru, you sound like a commie. Don’t you worship corporate speak like “synergies” and realize how they make our Country progress forward?
This has zero to do with Obama.
All industries have been doing this for about 30 years. Odd how large corporations are the ones killing off capitalism.
Bye bye to consumer choices.
Oh no, freshly freed from “job lock” these income free citizens will be enjoying fully subsidised healthcare coverage.
Long live Ze Fuhrer!
I have cable modem and basic cable for 25 years and Time Warner customer service and tech support have been terrific. Never had a problem. Great service.
Unlimited long distance, clear connections and good features for $15 a month. Can’t say enough good things about it. Is NOT VOIP so no Internet connection or computer needed.
Straight Talk Wireless Home Phone
So if this merger works and leads to thousands of new jobs then that's Obama's credit? I think not.
Not really. That’s a completely separate issue and the trends are such that I don’t expect it to be an issue. The network to your home will carry voice, video, and data and the same company will provide access to all, so there’s no benefit to giving preference to one type of data packet over another. Comcast just wants to increase its share of the bandwidth-delivery business, and buying all of TWCs customers is a good way of doing that quickly.
This is how all M&A deals are paid for - synergies achieved through combining and consolidating operations and then eliminating duplication. For example, there are two corporate headquarters now - they only need one. Guess which it will be?
God I hope this isn’t approved. Horrible cable service will become triple horrible.
Time Warner Cable has already been cutting payroll to the bone and centralizing management and now we know why - to make it attractive to sell. A lot of the cuts after the sale would be in duplication of duties.
Yep! Lots of people will lose jobs in the beginning of merger. Then about a year later the company that becomes the new Managing Bosses will start to cull the employees from the other company, “because they don’t fit the culture of the controlling company”.
Why not DirecTv. I took Comcast out and have been a happy customer ever since.
How about this sentence: ‘I haven’t had a television for nearly 25 years and I highly recommend doing the same and getting a life for all those with the TV habit.’
I thought TWC could not get worse, but it did with this deal
>>Maybe not allllllllll Clown Prince nobama but you know his degenerate business ideas, nobamacare and taxes figure in there somewhere.
Corporate mergers have cost workers their jobs since Obama was in college (wherever that was). You can blame a lot on Obama, but the loss of jobs has been on Wall St for decades. He’s just giving them the moral authority to claim that it’s now a “good thing” because the gummint will give the unemployed some health care (some day).
Some how the Dems/Unions/Libs will blame it on Rush Limbaugh.
My comcast internet dominates. Im on their blast program and I get 53Mbps down and 12 up. That is insanely fast, damn near business class. My WAN Address hasnt changed in two years either, despite it technically being on DHCP.
As far as the caps go, there is a 300 gig cap but it is not enforced in Texas. With netflix running daily, we use about 200gigs a month.
BTW, comcast routers are total garbage. Same with their modems. Purchase your own and save money. Most of the shows I watch come on Fox so I record them through my tuner in Mediacenter and dump them on the server for later watching. Windows media streaming also works over the net so I can watch everything on my server from any windows computer.
A little tip for comcast users having outages. Record them and call customer service every time it goes out. While we havent had many outages, I have a year free of premium channels due to outages. Some routers can even track and record WAN outages.
One of my sisters has cable TV and Internet with Time Warner Cable.
Almost four years ago I set up the Firefox browser and the Thunderbird client Email app on her PC (TBird, so she could do her Email in and out of Tbird via POP or IMAP instead of and without ever going to the Email web pages).
Sometime between Thanksgiving and Christmas Tbird quit working, though not a single change had recently happened with or on her PC.
After some investigation, I learned (found some complaint blogs that referenced the situation) that TWC had been migrating a lot of their Email servers, and totally ignoring any customers who were using Email POP/IMAP client apps like Tbird, they notified no one that some server nameas and addresses had changed, which meant some customers “account settings” in their desk top Email program no longer had all the right information.
It turned out that the total migration of the Email servers had started before it affected my sister’s Email and continued after that, with no warnings or notification to any customers like her.
After the 1st of the year I finally got a human being at TWC to discuss the issue, and I got some information from that person (what they said was the right settings). They were different than the settings we had used on my sisters PC (which we got back them from TWC) that had been working since we installed Tbird and up till B4 Thanksgiving 2013.
But, not only was there not any admission that anything had changed, she INSISTED that nothing had changed, that the settings she gave me had always been those she was giving me. Of course if that had been true then those would have always been the settings we had for their Email service on my sisters PC - which is not true, and there never would have been any cause for us to contact them about any problem. Her answer which she kept repeating was that she “did not know where you got your information from”.
I have Verizon - TV/Phone/Internet, but I am no giant Verizon fan, but I have never got any really bad support from them. It has always been competent and honest whenever I needed it.
Once you're established and big enough, you have incentive to disincentivize entry into your field — this is often accomplished via regulatory/licensing schemes.
(This is the essence of crony capitalism.)
Cool! We just bought a Roku 3. Mr S LOVES,LOVES,LOVES it!
We had Time Warner years and years ago before Comcast bought them out in our area. They were fine in our area. Then when Comcast came in we went to Direct TV. Direct TV keeps adding costs a little at a time and it’s just gotten too expensive for the few channels that we do watch so we got rid of them and got an antenna. Now have 67 FREE channels, 57 in Spanish, one in Chinese, one in Japanese, 4 in English and the rest are religious. Until we can get a Roku set up going I put a note on my wall which says “Just think about all the money you are saving!”.
Where I live here in Michigan, there is only ONE Comcast office within at least a 20 mile radius........
All they’re doing is bringing their monopoly out in the open. Where are the politicians? Where are the states attorneys general? Bottom line is if you want cable, and that usually means internet, too, there’s only one place to buy it.