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Charter CEO: We Don't Need to Buy Time Warner Cable
by Karl Bode 02:37PM Wednesday Dec 04 2013
Charter chairman John Malone has been throwing chum in the shark-filled investment waters the last few months, leading to a frenzy of gossip over cable industry consolidation that has been very profitable for investors. But for his part, Charter CEO Tom Rutledge this week stated that while all the rumors make for a "rather frothy experience," Charter "doesn't need to do any acquisitions to be a successful company." "Time Warner [Cable] is relatively unique because it's not controlled by a family; and it's large; and they have a management transition going on," Liberty CEO Greg Maffei also stated, adding that "those factors have led to speculation about transactions."

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biochemistry
Premium
join:2003-05-09
92361

1 recommendation

LOL

First rule of buying a car. Let the salesman know you don't really need a new car.
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Unicorns! Show ponies! Where's the beef?!
15444104
Premium
join:2012-06-11

Oh Tom, you're such a cad.

Is there anything these greedy execs won't do to make an extra penny....
....at the expense of their customers of course. You know the same customers that pay their salary and make the shareholders a profit.

mixdup

join:2003-06-28
Birmingham, AL

$$$$$$

In other words, "stop running up TWC's stock price before we can announce a deal!"

motorola870

join:2008-12-07
Arlington, TX
kudos:4

Re: $$$$$$

doubt that is the message more like TWC is saying to Malone "Leave me Malone"

Packeteers
Premium
join:2005-06-18
Forest Hills, NY
kudos:1
I have a different theory. TWC insiders are creating this rumor frenzy so they can cash out on this POS company before it reports losing even more to cord cutters.

motorola870

join:2008-12-07
Arlington, TX
kudos:4

Re: $$$$$$

said by Packeteers:

I have a different theory. TWC insiders are creating this rumor frenzy so they can cash out on this POS company before it reports losing even more to cord cutters.

the large amount of cord cutting was due to TWC's 3 largest markets going a month without CBS channels/Showtime and there were Baseball games at that time and NFL preseason. Oh not to mention TWC threw in rate hikes around the same time so that is why they had a horrible quarter. 1 really bad quarter doesn't mean the company is sinking not to mention all providers are losing customers due to internet alternatives.
TBBroadband

join:2012-10-26
Fremont, OH

Re: $$$$$$

right. And those that did leave for CBS ended up on other providers. Telco IPTV is up along with Dish and DirecTV customers. But yet some refuse to factor those into the "cord cutting".

jimk
Premium
join:2006-04-15
Raleigh, NC
Reviews:
·Time Warner Cable

1 edit
Here's how I read it: "We have been unable to find banks crazy enough to give us a loan for ~25 billion in order to buy a much larger cable company".

Charter emerged from bankruptcy in 2009, and they screwed many of their creditors over a lot less money than this transaction would involve. Much of this debt was from borrowing money to fund acquisitions. Sure, management has changed since then, but huge amounts of debt remain risky for everyone involved... especially since there is no need for this merger to happen, as both TWC and now Charter have stated.

Cablesux

@charter.com

Re: $$$$$$

»online.wsj.com/news/articles/SB1···70356335 And Charter is seeking protection under a Chapter 11 while they are trying to purchase Time Warner. And people wonder why it's costing so much for cable? Because we are all idiots, an we need to find some way to bypass Charter completely!

mixdup

join:2003-06-28
Birmingham, AL

Re: $$$$$$

said by Cablesux :

And Charter is seeking protection under a Chapter 11 while they are trying to purchase Time Warner

Huh? Charter's bankruptcy was back in 2009. It is currently the end of 2013.

IowaCowboy
Iowa native
Premium
join:2010-10-16
Springfield, MA
kudos:1
Reviews:
·Verizon Broadban..
·Comcast

I'd rather Comcast buy them

Out of Comcast and Charter, Comcast is the lesser of the two evils. I've heard more complaints about Charter than about Comcast although I wish Time Warner was the local cableco here in Springfield.

Hopefully Maine will go to either Comcast or Cox. Maybe even to a smaller operator like Mediacom would be nice for Maine.
jjeffeory

join:2002-12-04
USA

Re: I'd rather Comcast buy them

I've had all of them. I like Comcast the least as a customer, but TWC was a close 2nd least favorite ( I've had them in 3 different markets). Cox and Charter were actually pretty good to me as a customer. TWC needs to expand a little further in Maine so that the in-law can get them ( like by 1,000 ft.)

djrobx
Premium
join:2000-05-31
Valencia, CA
kudos:2
Reviews:
·Time Warner Cable
·VOIPO

Re: I'd rather Comcast buy them

Comcast was not great from a pricing perspective, but they do innovate much more than the TWC or Charter.

We started with MediaOne, who was then taken over by "AT&T Broadband". They had no real plans on deploying HD according to techs I spoke with. Comcast took over and we had HD locals and cutting-edge HD DVRs in no time.

Then Time Warner takes over. 7 years later and we're still stuck with the same DVR software that Comcast left us with.

trparky
Apple... YUM
Premium,MVM
join:2000-05-24
Cleveland, OH
kudos:2

Re: I'd rather Comcast buy them

Navigator, that's what I think that the TWC STBs use. Buggy, slow, and damn near close to useless is what it is.

AT&T uVerse with all of the issues it may have doesn't compare to that buggy POS that TWC uses. At least the uVerse STBs work properly, the online programming web site actually works as intended and sends the commands to the box. Can't tell you how many times I set something to record on the TWC DVR management web site only to have it not recorded because the DVR never received the command.
--
Tom
Tom's Tech Blog

jimk
Premium
join:2006-04-15
Raleigh, NC
Reviews:
·Time Warner Cable

Re: I'd rather Comcast buy them

The latest update appears to have improved Navigator (TWC's guide/DVR software) somewhat. We finally get 16x9 graphics for the guide, settings, and DVR menu. The search isn't totally useless anymore, and recordings aren't missed as often as they used to be. However it has taken way too long to get here, and there are still way more glitches than there should be considering how long this software has been out.

U-verse is much better for TV service, but that 2wire Residential Gateway has its share of annoyances (no true bridge mode for advanced users, breaks IPv6 tunnels, etc). Then there's the 250GB cap and slower speeds than most cable providers. This makes the Internet service less than ideal for some users.

As for who should buy TWC, I hope it isn't Charter. Their recent policy decisions haven't been customer friendly. Comcast has its share of issues to... let's just say that I'm glad U-verse is available where I live. It isn't FiOS, but at least it is an option. Better than being stuck with one provider.
15444104
Premium
join:2012-06-11

Re: I'd rather Comcast buy them

said by jimk:

As for who should buy TWC, I hope it isn't Charter. Their recent policy decisions haven't been customer friendly. Comcast has its share of issues to... let's just say that I'm glad U-verse is available where I live. It isn't FiOS, but at least it is an option. Better than being stuck with one provider.

You can say that again. Tom Rutledge brought his arrogance and belligerence with him from Cablevision.
Os

join:2011-01-26
US
Reviews:
·Comcast

Re: I'd rather Comcast buy them

Poor Charter customers, where 30 Mbps is a standard, bandwidth caps have been all but eliminated, and all-digital conversions will bring 200 HD channels.

Most of the Charter criticism is sour grapes over customer owned modems and the social media team they got rid of. And also not having lower-priced tiers for people who don't want them. That's what DSL is for.

cork1958
Cork
Premium
join:2000-02-26

Re: I'd rather Comcast buy them

As said by osravens:

"Poor Charter customers, where 30 Mbps is a standard, bandwidth caps have been all but eliminated, and all-digital conversions will bring 200 HD channels.

Most of the Charter criticism is sour grapes over customer owned modems and the social media team they got rid of. And also not having lower-priced tiers for people who don't want them. That's what DSL is for"

Another person who uses that lame brained "get DSL" line again!

Jesus Petes, can't you "fanboys" come up with something more original, and I don't care if you're on Charter or not as far as using the term fanboy here!

I DO NOT need 30Mbps for $50 month when just relatively recently they did have 2 cheaper tiers than that before numbnut Rutledge took over.

Yes,
I prefer to own my own modem rather than the garbage modems that Charter hands out also!

The Charter social media team actually used to fix things fast also. Now it's a matter of when they feel like it!

In short,
Those 3 things ARE rather important and if you were on Charter, you'd think so also!

Crap a** quote highlighted thing on here sucks!!
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TheTechGuru

join:2004-03-25
TEXAS
kudos:2
Reviews:
·HughesNet Satell..
·WesTex Connect

Re: I'd rather Comcast buy them

said by cork1958:

Yes,
I prefer to own my own modem rather than the garbage modems that Charter hands out also!

Charter's modems are not garbage by a long shot.




At least in my market.
--
CompTIA Network+ Certified
bookertdub

join:2012-10-08
San Diego, CA
It should be noted that while officially, AT&T u-verse internet has a 250GB cap, those caps for the time being aren't being enforced. That isn't to say that AT&T couldn't switch the meter on overnight, but as of right now one can consume as much data without fear of data overages.
Wow... Sorry to hear of you experience. I'm in the NYC market, and my DVD works perfectly... I often use my cell phone to set recordings and never once since the tech deploy has it NOT worked..... (I'm a TWc employee-customer but we get the same equip/service as direct customers)
Joe12345678

join:2003-07-22
Des Plaines, IL
and comcast will do what trun off SDV and cut channels like

NBC Sports Extra Time HD / SD 1-5 (as real channels and not poorly done VOD)
Game 3-9 HD
Team 2-9 HD
Big Ten Network Overflow HD 1-4
ESPN ESPN Goal Line/ Buzzer Beater HD
Most of the HD Premium feeds
out of market RSN HD.

But maybe comcast can add stuff like CSN chicago HD, CSN + HD, WGN 9 HD, WBBM 2 HD, WLS 7 HD, WFLD 32 HD, WCIU 26 HD to the WI systems in the cubs, sox, and blackhawks zone.

trparky
Apple... YUM
Premium,MVM
join:2000-05-24
Cleveland, OH
kudos:2
In my area it would probably be Cox Cable since since they already have a presence in the local area. Concast is nowhere near me (thank God).
--
Tom
Tom's Tech Blog
TBBroadband

join:2012-10-26
Fremont, OH

Re: I'd rather Comcast buy them

But Comcast serves Michigan and TWC is most of Ohio. Would be easy for Comcast to merge in the networks without any problems.

TheTechGuru

join:2004-03-25
TEXAS
kudos:2
Reviews:
·HughesNet Satell..
·WesTex Connect
No complaints about my Charter (internet only) service:




Guess it's market dependent.
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CompTIA Network+ Certified

cork1958
Cork
Premium
join:2000-02-26

Re: I'd rather Comcast buy them

Nope,
No complaints about speed on Charter either. I have the 30/4 plan also and upload is regulated with QoS for Vonage phone, although this is one of my slowest upload results.
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