Time Warner Cable is an American telecommunications company formerly known as Warner Cable Communications. Its corporate headquarters are located in Manhattan’s Time Warner Center. The company was formerly controlled by Time Warner before being spun out into an independent organization in 2009.
U.S. Sens. Markey and Warren urge the Obama administration to block Comcast’s proposal for a$45.2 billion acquisition of Time Warner Cable, saying the merger is bad for consumers.The lack of competition will only “make things worse” for consumers already frustrated by increasingly high cable and Internet bills. In a letter to Attorney General Eric Holder and FCC Chairman Tom Wheeler:
Today’s world demands affordable access to high-quality Internet and TV services. Should the transaction survive the FCC’s and DOJ’s reviews, we believe that Comcast-TWC’s unmatched power in the telecommunications industry would lead to higher prices, fewer choices, and poorer quality services for Americans.
Netflix announces a deal has been reached with Time Warner Cable that will allow the streaming service to connect directly through Time Warner Cable’s network instead of using a third-party. This will allow for better and faster streaming of Netflix’s content for subscribers who use Time Warner Cable to connect to the internet. A spokesperson for Time Warner Cable says the process is expected to be completed by the end of this month.
LaJoie announces in a memo that he is retiring as CTO effective December 31st:
As many of you know, I have been planning for quite some time to retire at the end of this year, after 21 years with TWC and following my 60th birthday. Recent events have made this decision more complicated, but after careful consideration, I intend to stay with that plan.
Hamid Heidary will lead TechNO as a consultant as LaJoie transitions duties.
Former Time Warner Cable CEO Britt dies in his home following a battle with cancer. Britt remained as a member of the board after retiring in July 2013. He is survived by his wife, Barbara. Colleague Michael Willner says:
Glenn led a shift in increasing the importance and positioning of broadband versus the conventional business. He prodded and pushed us to think in that way.
The provider announces new channel groupings based on genre and makes HD options automatically available to customers with an HD box.
Channels will be grouped into themes like Entertainment, News & Info, Sports, Music, Kids & Teens and Premiums. Likewise, On Demand content will be found on channels 1000 and above in categories like Primetime On Demand, Entertainment On Demand, Kids On Demand and Music On Demand.
All parental control and DVR settings will transition automatically, so customers don’t have to worry about reprogramming their parental control settings or losing recordings of their favorite shows.
House Republicans question Comcast executives about the proposal. Rep. Farenthold (R-Texas) asks whether the merger with Time Warner Cable will raise prices and limit options for customers, as well as raising the topic of content discrimination:
I don’t want to sound hostile to this merger—I think this government needs to stay out of the business world as much as possible…But how do we know you won’t discriminate against other programming?
Polka, President/CEO of American Cable Association, testifies that the merger will have an immediate negative impact on small and regional cable services. EVP Cohen reiterates that the merger will benefit consumers.
Comcast and Time Warner Cable announce their Boards of Directors have approved a merger of the two companies. The proposal is for a friendly stock-for-stock transaction, with Comcast acquiring 100 percent of the other company’s shares. TWC Chairman/CEO Marcus says:
This combination creates a company that delivers maximum value for our shareholders, enormous opportunities for our employees and a superior experience for our customers. Comcast and Time Warner Cable have been the leaders in all of the industry’s most important innovations of the last 25 years and this merger will accelerate the pace of that innovation.
The company loses over 300,000 customers in the third quarter, due in part to the CBS blackout. The company issues $15 million in credits during the quarter to customers who lost access to CBS-owned premium channels.
The cable provider blacks out CBS stations in several cities after failing to resolve the companies’ dispute by 5 p.m. Over three million customers are affected in cities where CBS owns the network affiliates, while customers nationwide lose access to CBS-owned premium channels like Showtime, The Movie Channel, and The Smithsonian Channel.
It’s become clear that no matter how much time we give them, they’re not willing to come to reasonable terms. We thank our customers for their patience and support as we continue to fight hard to keep their prices down.
Britt announces he will retire as TWC CEO at the end of the year at age 64. He will be succeeded by Robert D. Marcus, 48. Marcus says his priorities will include focusing on residential subscriptions and customer service:
We’ve got to develop a level of emotional connection with our customers.
Time Warner acquires Insight Communications in a $3 billion deal. The company gains an additional 760,000 customers from Kentucky, Indiana, and Ohio. No time frame is announced for programming or pricing changes. Spokeswoman Green says in a statement:
We really need to learn more about the network and local operations before we can talk about that. That’s something we’ll learn over the next few months.
Read more here: http://www.kentucky.com/2012/02/29/2089006/time-warner-cable-takes-over-insight.html#storylink=cpy
Rep. Massa introduces legislation known as the Broadband Internet Fairness Act, part of a larger discussion of net neutrality. The law seeks to regulate Internet Service Providers looking to implement usage-based pricing plans like those proposed by Time Warner. The regulations are designed to determine if the pricing is anti-competitive. An AT&T spokesman says the bill calls”
for a radical and unprecedented government mandate that will demand that consumers have only one all-you-can-eat pricing model for Internet services.
Time Warner Inc. formally announces plans to spin off its cable company into Time Warner Cable, Inc. The brand’s cable business is the second-largest in the country with approximately 13.3 million video subscribers. Chief Executive Bewkes says:
Two independent companies will have better long-term strategic, financial and operational flexibility, something we believe is of growing importance.
Time Warner and Comcast complete a deal to purchase Adelphia. Both companies are able to expand their cable footprints and improve subscribers’ geographical footprints. As part of the deal, Comcast redeems its historical ownership interests in Time Warner as both companies focus on integrating their cable properties. Chairman/CEO Parsons says:
With Time Warner Cable delivering stellar growth, we are very pleased to continue to build value by significantly enhancing our scale, subscriber clusters, and operating efficiencies, all at an attractive price.
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