U.S. FCC paused until Jan. 12 its informal 180-day countdown for the review of the proposed merger of Comcast and Time Warner Cable.» Read More
Everyone got out of hand with too much leverage a few years ago. Now in deal making, the media banker said, "we are giving companies enough leverage to actually transact in sectors—sometimes with leverage ratios that are higher than if they traded in that same sector."
Cable companies and content providers have repeatedly battled over fees, with channels getting temporarily yanked from the air during negotiations. Today 31 video distributors are partnering to form the "American Television Alliance," to address the rules governing broadcast signals and the threat of blackouts. The group says it aims to "protect consumers in today's changing TV environment" — to keep their favorite shows from being collateral damage of negotiations, as when Disney pulled ABC off Cablevision's air right before the Oscars.
Dish stock dropped 3.75% and Disney shares slid over 2% Tuesday as the companies battle over compensation for Disney/ABC's high def channels.
Shares of Netflix continue to slide Tuesday after falling over five percent Monday following a critical Barron's article.
The FCC hosted an open hearing today to discuss how to seek the best legal framework for Internet regulation — the commission voted 3 to 2 to continue the re-regulation process. It's now moving closer to Chairman Julius Genachowski's proposal for a "third way," a selection of some of the stricter rules now regulating telecom.
Today AT&T announced a big change in how it's charging for data—dropping unlimited, flat-fee plans, in favor of tiered pricing. This is a major shift, which should have rippled throughout telecom, and even into cable.
On a week that saw Apple surpass Microsoft in market cap, the BP oil spill continue to impact the ecosystem and drillers, Spain lose its AAA rating, and the worst May performance for the Dow since 1940, and the S&P since 1962, the major indexes managed to end the week on a positive note, except for the Dow which closed down slightly.
Insider trading allegations have hit The Walt Disney Company. But the real story hidden within the SEC criminal complaint was the inclusion of an email about Disney's possible sale of ABC.
Google TV aims to eliminate the line between your computer and your television. It's designed to allow you to surf a range of websites and access online video from your couch.
Time Warner CEO Jeff Bewkes told CNBC Wednesday that the advertizing revenue for television and print is on the upswing.
Here at the National Cable Show it's not just cable carriers — content companies are also here, discussing new ways to grow viewers (and ad revenue) and rolling out new technology to keep subscribers hooked.
The annual Cable Show starts this afternoon in Los Angeles and it could not come at a more momentous time for the industry.
Today Federal Communications Chairman Julius Genachowski laid out plans to establish the FCC's authority to regulate broadband. Genachowski wants to ensure an "open Internet" and prohibit "unreasonable discrimination" by broadband providers against certain websites. He's not issuing laws or mandating so-called net neutrality today -- at this point he's simply looking to secure the commission's direct authority.
The head of the Federal Communications Commission is pledging to apply only narrow regulations to high-speed Internet access to ensure the agency has adequate authority to govern broadband providers without adopting heavy-handed rules.
The FCC is set to announce whether they will allow cable companies to price according to bandwidth. This would benefit subscribers, but not the cable companies themselves.
Time Warner's stock is trading near an 18 month closing high ahead of its quarterly earnings report tomorrow morning.
Discovery Communications reported 42 percent higher quarterly profit of 39 cents per share, a nickel higher than analyst expectations. The company reported 8 percent higher revenue of $879 million, and raised its full-year outlook.
What follows is a roundup of corporate earnings reports for Thursday, April 29.
Time Warner Cable's stock added over seven and a half percent Thursday on higher subscriber numbers for all three of its services: home Internet, home phone, and digital cable. The company earned 60 cents a share, up from 48 cents in the year-earlier period.
Better subscriber numbers, higher revenue per subscriber, and higher advertising helped Comcast beat Wall Street expectations.