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Charter Turns to Comcast in Time Warner Cable Bid
by Karl Bode 08:31AM Thursday Jan 16 2014 Tipped by telcodad See Profile
With Time Warner Cable rebuffing Charter's acquisition advances and insulting the company apparently not working, reports suggest that Charter has again turned to Comcast in the hopes of a joint acquisition bid. Reuters notes that Charter approached Comcast this week about acquiring then dividing up Time Warner Cable's networks and subscribers, with Comcast providing additional financial backing to help meet Time Warner Cable's preferred price point (above $160 per share).

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motorola870

join:2008-12-07
Arlington, TX
kudos:3

1 recommendation

I honestly think the deal talks need to stop because TWC is slowly improving

I cannot believe that hostility Charter is using to try to pressure TWC to sell their company just because someone else wants to expand so bad that they are making it miserable for TWC to just even operate their company.

I mean Charter says that they would improve service but just from looking at the forums here Charter has actually taken away features to customers and then touts what they did as an added opportunity. I honestly don't trust what they are offering to the table because Charter has:
stopped offering Multiroom DVR
ended support of customer owned modems
ended chat tech support
collapsed all internet tier offerings into two tiers for residential and three for business which has caused major congestion due to offering speeds of 30/4 now 60/4 and 100/7 and I personally saw congestion on 60/4 business at a place that has Charter business to where the 60/4 wasn't consistent on the downstream.
Charter has internet caps

When TWC has:
Cloud guide in development for a majority of boxes with many already having it deployed
50/5 top tier for internet soon to be 100/5 or something similar with a higher upload and TWC has come out saying that they are planning a 300/20 tier as well.
boosting downstream capacity on internet by 50% may be more if they are planning on 300/20
all digital is slowly progressing with many systems now having only 50 something analogs and slowly dropping as progress to all digital proceeds
SDV is used but TWC is starting to move channels off of SDV as they free up analog space
multiroom DVR

what I would like to see is TWC make an offer with Charter to merge but with TWC getting 55% control of the company
Chuck_IV

join:2003-11-18
Connecticut

Re: I honestly think the deal talks need to stop because TWC is slowly improving

It's sickening to watch this go on like this. Tommy is so desperate to get a merger done that he's now soliciting anyone that will listen to team up, so he can get his big fat payday.

As a Charter sub, the one thing I would like to see Charter do is give Tommy the drop kick out the door as soon as possible.
ke4pym
Premium
join:2004-07-24
Charlotte, NC
Slowly improving? They've lost 800,000 this past year. 215k of those this past quarter.

Also, don't forget - AOL bought TW. At the end of the day, TW was back in control. It happens.

motorola870

join:2008-12-07
Arlington, TX
kudos:3

Re: I honestly think the deal talks need to stop because TWC is slowly improving

said by ke4pym:

Slowly improving? They've lost 800,000 this past year. 215k of those this past quarter.

Also, don't forget - AOL bought TW. At the end of the day, TW was back in control. It happens.

yes they are slowly improving the service but a lot of customers and this is not limited to TWC will bail at any attempt they find a reason. I have looked at other providers Facebook pages and people will just leave because their TV goes out for two hours or because their show is interrupted it does happen.

But TWC has been working for the last 2 years to improve the DOCSIS 3.0 system and from the looks of it they are planning a major increase in bonding to something like 24 downstream and 4 upstream channels to support a 300/20 tier. Remember that the 300,000 customers bailing during the third quarter was likely due to the CBS standoff as they were reporting major defections in markets that lost over the air stations for over a month.
ke4pym
Premium
join:2004-07-24
Charlotte, NC

Re: I honestly think the deal talks need to stop because TWC is slowly improving

I wasn't aware that D3.0 could bond 24 downstream.

mackey
Premium
join:2007-08-20
kudos:12

Re: I honestly think the deal talks need to stop because TWC is slowly improving

AFAIK there's no upper limit in the spec, only real world technical limitations and what devices can handle. As for 24 downstream channels, Intel's Puma 6 can do it (it does 24x8).

/M

techie01

@charter.com
Charter has been doing docsis 3.0 system upgrades too, a lot of areas are now starting to get the 8 upstream channels and also Charter has a cloud guide in development too in the fort worth, tx area.
passerby

join:2013-03-22
Monroe, MI

Re: I honestly think the deal talks need to stop because TWC is slowly improving

8 downstream
TBBroadband

join:2012-10-26
Fremont, OH
AOL bought Time Warner Entertainment. After they spun TWE back off TWC was spun off as well from TWE. They are just now Time Warner and TWC is just TWC- TWC pays for the brand with a small percentage was owned at one time by TWE.

ATXCardsFan
Premium
join:2006-11-10
Cedar Park, TX
Majority of the lost subscribers were due to the CBS fiasco
Fast Turtle

join:2008-02-19
Reviews:
·Time Warner Cable
The main Reason TW has rejected the initial bid by Charter is who owns TW, which is Disney. Simply put, they want enough back to make the sale worthwhile to their stock holders, otherwise it wont happen anytime soon.

As a TWC subscriber, I'd just as soon Charter not make the buy out as my service will go down the toilet pretty quickly and where I'm living it's either cable or dial-up, there are no alternatives.
smcallah

join:2004-08-05
Home

Re: I honestly think the deal talks need to stop because TWC is slowly improving

Since when does Disney own TW?

cablejim426

@169.152.251.x

RE: Merge

As a employee here in midcoast Maine I hope if we do merge with Charter to buy TW we keep this area or I'll have to move.
TBBroadband

join:2012-10-26
Fremont, OH

Re: Merge

Why would you have to move? You would work for the new company.

Simba7
I Void Warranties

join:2003-03-24
Billings, MT

Re: Merge

said by TBBroadband:

Why would you have to move? You would work for the new company.

Depends if you want to work for the new company. The company could also chop off the employees they don't want due to "redundant fields". It happens with every merger.

techie01

@charter.com

Re: Merge

So far they haven't laid anyone off during a merger, the group that Charter obtained in the bresnan area out west came with 2 call centers and everyone kept their job.

Simba7
I Void Warranties

join:2003-03-24
Billings, MT

Re: Merge

said by techie01 :

So far they haven't laid anyone off during a merger, the group that Charter obtained in the bresnan area out west came with 2 call centers and everyone kept their job.

That is true. They kept the call centers here and in Cheyenne.

NormanS
I gave her time to steal my mind away
Premium,MVM
join:2001-02-14
San Jose, CA
kudos:12
Reviews:
·SONIC.NET
·Pacific Bell - SBC

1 edit
said by TBBroadband:

Why would you have to move? You would work for the new company.

When HP sold off there their medical division, medical employees who did not want to move to another division in another region of the county had x days to find a new employer before being laid off. Working for the buying company was not an option.

Edit: Responding to my inner Grammar NAZI.
--
Norman
~Oh Lord, why have you come
~To Konnyu, with the Lion and the Drum
dra6o0n

join:2011-08-15
Mississauga, ON
Reviews:
·ITalkBB

News on 'companies' always seem to relate to having no more money

That even if they made any revenues, that their expenses would eat it up.

Company A eats up Company B... Company A ends up having problems later on (digestion problems).

Hey, if companies have no money to be able to hire people, then unemployed people cannot make the money to buy products and services from companies, and both will still have to pay bills and taxes to the government... LOL!
wkm001

join:2009-12-14

Approval

I don't see this deal ever getting approved.
TBBroadband

join:2012-10-26
Fremont, OH

Re: Approval

3 words- Do Not Compete.

Simba7
I Void Warranties

join:2003-03-24
Billings, MT

Re: Approval

said by TBBroadband:

3 words- Do Not Compete.

And why not? ..or do you enjoy paying high prices for the same goods?

tshirt
Premium,MVM
join:2004-07-11
Snohomish, WA
kudos:5
Reviews:
·Comcast

This actual would make sense...

...IF anyone thought TWC was worth $160 a share
...IF Comcast Thought it was worth the regulatory hassle to expand/consolidate service areas
...IF charter could actual afford to partner and pay their share.

Charter seems desparate to bury themselves in debt again.
Comcast is transitioning from network growth mode into mature network and CONTENT owner they don't need to help finance charter (standing well back seems smarter)
Fast Turtle

join:2008-02-19
Reviews:
·Time Warner Cable

Re: This actual would make sense...

Remember that Comcast/Time Warner ended up splitting Adelphia and part of that deal with the FTC/FCC was they wouldn't be part owners in any area's.

Someone else pointed out, it's not likely to be approved by the Feds if Comcast gets involved due to the earlier regulatory approval and since Charter doesn't have the money, they need to STF up and get back in the kennel.
Joe12345678

join:2003-07-22
Des Plaines, IL

Charter and TWC have better cable systems then comcast

Charter and TWC have better cable systems then comcast.

with more premium HD

ESPN Goal Line/Buzzer Beater HD

Big Ten Network Overflows in HD

NBC Sports Extra Time HD (as real part time channels)

GAME 1-9 HD

TEAM 1-9 HD

MLB Network Strike Zone HD

pac12 HD (out of market systems)

local area cable only channels in HD

cypherstream
Premium,MVM
join:2004-12-02
Reading, PA
kudos:3

Why not pick on someone their own size?

Why are they so gung-ho at TWC? If they want to expand so bad why not look at smaller operators like Mediacom, RCN, Suddenlink, Grande or Service Electric.

Obviously they want to expand so bad but does it have to be with TWC?
elray

join:2000-12-16
Santa Monica, CA
Reviews:
·Time Warner Cable
·EarthLink

Re: Why not pick on someone their own size?

Because TWC is undervalued, the others are not.

Retail customers have been paying rock-bottom rates for broadband and digital voice services in comparison to Charter, Comcast and Telco. TWC retains pricing power - they can raise those rates substantially.
Expand your moderator at work

telcodad
Premium
join:2011-09-16
Lincroft, NJ
kudos:15

Comcast's Roberts Seen as "Kingmaker" in Time Warner Cable Chase

Comcast CEO Seen as "Kingmaker" in Time Warner Cable Deal
By Alex Sherman, Bloomberg - January 17, 2014
»www.bloomberg.com/news/2014-01-1···ase.html

twcleve

@141.110.189.x

300/20 tier

Where is there talk about the twc 300/20 tier.

telcodad
Premium
join:2011-09-16
Lincroft, NJ
kudos:15

Re: 300/20 tier

said by twcleve :

Where is there talk about the twc 300/20 tier.

See the last column on Page 7 in TWC's counter-presentation to Charter's:
»ir.timewarnercable.com/files/TWC···INAL.pdf
quote:
Increasing standard HSD speeds to 50x5 and top HSD speeds to 300x20 in 2014
How believable that is, is another thing, though.

telcodad
Premium
join:2011-09-16
Lincroft, NJ
kudos:15

TWC's chairman and CEO, Rob Marcus, has drawn a line in the sand

TWC’s Marcus Stands Firm Amid Bids, Jabs
CEO Names Price, Vows ‘We’re Not Negotiating’

By Mike Farrell, Multichannel News - January 20, 2014
»www.multichannel.com/distributio···s/147759
tasmithe

join:2002-09-16
Graham, NC

Uggh Charter

I had Charter in a spot about 30 miles from where I live now. Charter was the WORST possible everything. I FINALLY got the hell out of there and went to a TWC area and could NOT have been happier!!

telcodad
Premium
join:2011-09-16
Lincroft, NJ
kudos:15

Comcast agrees in principle to buy TWC's NYC, NC & NE Assets from Charter

On the Bloomberg site today:

Comcast, Charter Said to Near Pact on Time Warner Assets
By Alex Sherman, Bloomberg - January 27, 2014
»www.bloomberg.com/news/2014-01-2···ets.html