Charter has shown interest in acquiring Cablevision's networks in the west, and Cablevision has shown interest in listening to offers. Light Reading (via Stop the Cap) notes that confirmation of a possible deal was made by CEO Jim Dolan during Cablevision's recent earnings conference call. "While it has not been our intention to divest this valuable asset, based on the approaches that we have received, we've decided to explore a potential transaction." You may recall that Cablevision acquired those networks by Buying Bresnan Communications back in 2010. The networks in question currently serve around 320,000 subscribers in scattered portions of Colorado, Montana, Wyoming and Utah.
The cable system in my hometown of Cedar Rapids (IA) was always changing hands during my youth. I think Mediacom has owned it the longest. It was previously owned by Cox, TCI, and AT&T Broadband. I am surprised Comcast did not take the Cedar Rapids cable system over like they did the AT&T broadband system where I live now (Springfield, MA).
Maybe Comcast does not want to serve rural areas like Iowa. Probably the only major service provider that would take over Iowa cable systems would be Time Warner. Time Warner is the dominant provider in Maine, which is rural like Iowa except they have large forests of pine trees instead of open cornfields. Massachusetts is pretty urban except for the western part of the state outside the Springfield metro area.
Does Charter have the financial capability to do something like this? They've been dealing with a heavy debt load after they went on an acquisition tear in the late 90s before the .com bubble burst. I hope Tom knows what he's doing.
I've been reasonably happy with their services and ability to advance their products. I hope Tom doesn't think like the banks and believe that bigger must be better. Charter seemed to be headed in the direction of realizing that data rather than traditional video packages might have the brightest future. I know cable is losing video customers but it seems that pain is offset since telco is letting DSL die while they focus on wireless.
2012-Nov-16 9:00 am: ·
tshirt Premium join:2004-07-11 Snohomish, WA kudos:5
They all have debt, charter's main problem is lack of cashflow, which they can temporarily solve with new subs. Eventually, the new debt will come due, and they will be back where they are now times 2..unless they raise prices on broadband. It's about buying some time, and being too big to fail. (ie Hoping for another writedown from creditors (or finding a new batch of suckers)
Like Cablevision didn't screw Bresnan up enough. I've heard it's been hell at the call centers and the new policies are upsetting the existing personnel.
From what I hear, their customer service has actually fallen quite a bit after Cablevision took over. I can only imagine what Charter would do to it.
I feel your pain, living in an area that is predominantly Comcast and Charter, I have only dealt with Comcast but according to some of the locals, Charter is the worst. At least I have Comcast which is the lesser of the two evils. Time Warner is pretty decent as we have them at my Grandma's house in Maine. Time Warner may be slow on upgrades (took forever to get D3) but they have better customer service.
there are new upgrades to consider and cablevision probably doesn't have the resources to upgrade the entire network.. so for the right price, they'd love to unload 25% of their non-core subscriber holdings..
either another generation of docsis or fiber are going to come to most cable companies.. it's just a couple of questions of which and when..
I like in an area that is dominantly Comcast and Charter. Fortunately my area is served by Comcast as I know several people that live in charter turf and they say they are the worst. I would not mind if Charter went out of business. Maybe Comcast will buy their systems and swap some (hopefully my area) to Time Warner. In the world of service providers, I think the best one is Time Warner and maybe Biddeford (ME) will get sold to Comcast.
2012-Nov-16 11:05 pm: ·
C0deZer0 Oc'D To Rhythm And Police Premium join:2001-10-03 Tempe, AZ
You mean that miserably drawn knockoff of Donald Duck? Seriously?!
sad i have worked with charter had charter and have worked with optimum (Cablevision) and had optimum. optimum much better then charter and have already done so many upgrades to what used to be bresnen which i also had and worked with. charter was lousy and almost sure will turn the optimum market to be the same. I hope the deal don't go. also i have heard the top 7 ppl on the charter corporate lineup came from Cablevision so i could see a merger