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 Comcast’s 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.
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