The $10.4 billion Charter Communications acquisition of Bright House Networks continues to have a heartbeat after all.
Charter and Bright House parent Advance Newhouse Monday said the deal -- which was contingent on a successful Comcast acquisition of Time Warner Cable – was still alive, and that they’d extended their exclusive negotiations for another 30 days, a “good faith” move.
U.S. pay-TV operators continue to see stronger growth in their broadband businesses, with the 17 largest operators adding more than 1.2 million Internet subscribers in Q1, apace their Q1 2014 adds.
Cable and telco operators now control more than 88% of the broadband market.
One of the cable operators missing from this week’s panel discussion at INTX was Bright House Networks, which in March agreed to be acquired by Charter Communications for $10.4 billion – contingent on the successful takeover by Comcast of Time Warner Cable.
Turns out it likely was a good idea not to have the two on the same stage, as their budding bromance reportedly is now kaput, too.
CHICAGO – Pay-TV operators see 4K/Ultra HD content as a legitimate differentiator, one that they believe can help attract, and hopefully keep, Millennials. So far, satellite pay-TV operators have been on their own in the UHD arena (and it’s been a very small arena at that), but that’s beginning to change.
This week at INTX, Comcast announced it would launch a 4K/UHD set-top box later this year as it brings the Xfinity in UHD catalog to the X1 platform.
CHICAGO -- With the exception of Comcast’s Brian Roberts, all the big names in cable were on stage together this morning at the Internet & Television Expo.
So it was no real surprise when moderator CNBC’s Julia Boorstin made her initial question one about consolidation in the industry.
CHICAGO -- At the Cable Show, er, INTX, speed is the order of the day.
It seems like only a year or so ago that cable and telco execs were pooh-poohing the news that Google Fiber had launched 1 Gbps Internet in Kansas City. Now, an increasing number of them are joining the “me, too” club.
In this week's Videomind podcast, "Hack and Flack" discuss the fizzing out of the Comcast-Time Warner Cable merger, TWC's apparent denial of an urgency around millennial-focused OTT services, and the mounting tensions between networks and operators as exemplified by ESPN suing Verizon.
FCC Chairman Tom Wheeler Friday said the government planned to block the $45 billion merger of Comcast and Time Warner Cable because it would have posed “an unacceptable risk to competition and innovation, including to the ability of online video providers to reach and serve consumers."
Comcast Friday morning announced the deal was dead, citing government opposition as the reason.
Comcast’s acquisition of Time Warner Cable is far from a done deal. Bloomberg reported that staff attorneys at the Justice Department were leaning toward blocking the deal, and The Wall Street Journal this weekend followed up with a report that the two cablecos would meet with Justice Wednesday in a last-ditch effort to offer concessions that might make the deal more palatable.
It won’t be the first time Comcast has had to give to get.
Comcast will offer symmetrical 2 Gbps broadband service to 1.5 million customers in Atlanta next month, expanding to a total of 18 million homes across its footprint by year’s end. The uncapped – that’s right, uncapped – fiber-based service doubles 1 Gbps offerings from Google Fiber, AT&T, Cox and others.
A heads up to start ups, entrepreneurs and good ideas looking for funding: Comcast is making sure it doesn’t have all its eggs in one basket and says its investing $4 billion in a new strategic company being formed by its outgoing CFO, Michael Angelakis.
Angelakis will serve as the CEO of the new entity tasked with finding areas of growth and diversification for Comcast with a focus on investing in and operating growth-oriented companies, both domestically and internationally.
There may be more consolidation in the pay-TV space as Bloomberg today is reporting that Charter Communications has been talking with Bright House Networks about an acquisition for “at least a couple of months,” and likely is waiting to announce a deal until after regulators decide on Comcast’s $45 billion bid for Time warner Cable.