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Comcast Hires JP Morgan Chase to Advise on Time Warner Deal
by Karl Bode 06:29PM Monday Dec 09 2013
According to the New York Times, the nation's largest TV provider and ISP (Comcast) has hired the nation's largest bank (JPMorgan Chase) to advise on a possible bid for Time Warner Cable. The deal, which could be worth upwards of $40 billion, likely wouldn't make it past regulators concerned with Comcast's growing vertical integration. Last week Republican FCC Commissioner Ajit Pai stated he didn't think the current FCC would approve such a deal, and sources have suggested that a joint bid between Charter and Comcast -- used as a way to ease regulatory concerns -- wasn't something Comcast executives were interested in.

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rit56

join:2000-12-01
New York, NY

2 recommendations

Enough already

This is really getting out of control. The primary reason for cord cutting is that cable TV service is way to expensive. Even here in New York City. A buyout of TWC would add so much debt to Comcasts bottom line that... guess what? In order to recoup first you eliminate redundancy so a ton of TWC people will be laid off resulting in a dramatic worsening of service and second Raise Rates!!!!!! which is why people are leaving cable in the first place.

Really the greed culture in this culture must stop. To say it's out of hand is an understatement.

The ten people who will get very rich from this are the only ones who will win. Everyone else loses.

aliencat20

@rr.com

Re: Enough already

I have TWC, I will tell you if it becomes comcast I will be making the switch back to dsl. This is why I still have netflix in case I decide to cord cut again.

JSHELLIT

@comcast.com
RIT56 - I certainly can appreciate the concern that Comcast purchasing TWC would appear to be a monopoly. However, since cable providers rarely, if ever, overlap network/customers, this would be ideal for the consumer as Comcast seems to be the leader in technology and product advancements. There will be a many, many people who do quite well financial with a purchase/sale of TWC, but in the end the consumer wins too. I'm not worried about a few rich folks getting richer...I want fast bandwidth and a good video viewing product that has minimal interuptions and high quality. TWC doesn't invest in its network to bring it up to speed - and in Dallas we suffer from that.

ExComcast

@mybrighthouse.com

Re: Enough already

comcast.com is an employee email address ( i am a former employee myself )

DaveDude
No Fear

join:1999-09-01
New Jersey
kudos:1
They should throw in ABC with the deal. One media company for everything ! Break up comcast now .

ITALIAN926

join:2003-08-16
kudos:2

Snooze

Doesnt matter what sticker the incumbent has on the truck.
slckusr
Premium
join:2003-03-17
Greenville, SC
kudos:1

Too Big

I don't think this one will pass the review, they will be too big with NBC being the issue.
eco
Premium
join:2001-11-28
Wilmington, DE

Re: Too Big

I don't think this would get approved even without them owning NBC. I just don't think in the current environment allowing the largest and second largest cable companies in the country to combine is a remote possibility.

ITALIAN926

join:2003-08-16
kudos:2

Re: Too Big

They dont compete with each other so the size of them is irrelevant.

bobjohnson
Premium
join:2007-02-03
Orlando, FL
Wasn't there an issue with percentage of markets or population or something that made TWC and Comcast split Adelphia up back then? Correct me if I'm wrong but we're building a Ma Bell cableco if they let them get bigger.

ITALIAN926

join:2003-08-16
kudos:2
Reviews:
·Verizon FiOS

Re: Too Big

Ma Bell was broken up because there was ZERO competition, particularly long distance. The RBOCs that were created as far as local service did absolutely nothing because RBOCs didnt compete. They do not cross into each others wired boundaries.

Comcast, TWC , Charter, COX, Cablevision can all merge together, very little would change. They still compete against satellite and telco TV.

Tired of all the carriage disputes that never end? I believe a bigger cable company will actually help consumers as it will give them more leverage against these money sucking networks.
beavercable
Premium
join:2008-05-11
Beaverton, OR

Re: Too Big

Comcast is one of those money sucking networks now. Any savings they would likely get would go to them not result in lower cable bills.
sandman_1

join:2011-04-23
11111

1 recommendation

said by ITALIAN926:

I believe a bigger cable company will actually help consumers as it will give them more leverage against these money sucking networks.

You are kidding right? You think they are in the business of helping you out? Got a bridge I would like to sell ya if you think that.

Anonymous_
Anonymous
Premium
join:2004-06-21
127.0.0.1
kudos:2
Reviews:
·Time Warner Cable
said by ITALIAN926:

Ma Bell was broken up because there was ZERO competition, particularly long distance. The RBOCs that were created as far as local service did absolutely nothing because RBOCs didnt compete. They do not cross into each others wired boundaries.

Comcast, TWC , Charter, COX, Cablevision can all merge together, very little would change. They still compete against satellite and telco TV.

Tired of all the carriage disputes that never end? I believe a bigger cable company will actually help consumers as it will give them more leverage against these money sucking networks.

only if you could order/chose "individual channels" that you watch

then the consumers would win
--
Live Free or Die Hard...
Joe12345678

join:2003-07-22
Des Plaines, IL
comcast needs to improve there cable system.

Time Warner uses SDV in areas and comcast needs it to add more channels and more part time HD channels.
beavercable
Premium
join:2008-05-11
Beaverton, OR

Re: Too Big

Comcast will likely go to ip based tv.

verolom

join:2002-03-23
Reston, VA

Comcast is definitely interested

I do not buy the last sentence that Comcast executioners are not interested in a joint bid. TWC has some lucrative (or potentially lucrative) markets and Comcast would be more than willing to shed some of their less lucrative ones to get some of TWC's. If a deal with Charter and/or Cox to divvy up the spoils allows them to get their paws on say the NYC, Texas or LA markets they will find a way. It makes sense for all parties.

That is where the scheisters from JPMC come in. Let the pillage begin!

OSUGoose

join:2007-12-27
Columbus, OH

Let em do it

Let Comcast become the America version of Shaw or Rodgers

Let AT&T go back to being AT&T or Bell Canada

Go ahead, but only if:

Regulators put REAL teeth into enforcing regs and unafraid to fine out the wazoo. Oh and you cant pass the fines nor any other BS fee you come up with on to your customers, ya gotta eat it.

So AT&T and Comcast Just how BADLY do you want to be the sole national Phone or Cable companies.....
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: Let em do it

said by OSUGoose:

Let Comcast become the America version of Shaw or Rodgers

Let AT&T go back to being AT&T or Bell Canada

The US enjoyed one of the most advanced telecommunications infrastructures in the world under AT&T's reign. So yes, bring back the regulated monopolies and watch our IT infrastructure become #1 again. However, everyone needs to be ready to pay for it.

OSUGoose

join:2007-12-27
Columbus, OH

Re: Let em do it

Sarcasm or Serious? I wasen't born during AT&T's hay day to know. I vaguely remember the bell van color scheme late 80's early 90's, and frankly think they should go back to it.
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: Let em do it

I was being serious. We can man-up and pay for it, or else we can continue whining about how "evil" AT&T is while complaining about how we rank XX in the OECD's statistics.
Bengie25

join:2010-04-22
Wisconsin Rapids, WI
Reviews:
·Solarus

Re: Let em do it

We did pay for it, by the tune of $1tril in government hand outs.

We pay more on average and get less on average than almost any other nation.

My current ISP charges less than my incumbent ISP ever did, and I get faster more reliable Internet with better customer support. In my adjacent city, you're only option is Charter, and they charge over 2x the price for the same services as my current city.

Isn't competition wonderful?
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: Let em do it

We paid for a pair of copper wires to be strung to every outhouse in the nation and then to maintain that copper. We haven't paid for our next generation of communications infrastructure. We're doing it piecemeal which is slowly working, but it's not the most efficient method.
34764170

join:2007-09-06
Etobicoke, ON
said by OSUGoose:

Let Comcast become the America version of Shaw or Rodgers

Let AT&T go back to being AT&T or Bell Canada

Comment does not even make any sense. Comcast is already significantly larger than either Shaw or Rogers.

AT&T is already AT&T, duh. They're worse than Bell Canada too.

OSUGoose

join:2007-12-27
Columbus, OH

Re: Let em do it

What I mean is become the de facto of each type of traditional service. I know both have expanded beyond their original service but what I was trying to say is let AT&T go back to being Ma Bell AT&T. I was not familiar with the size of Shaw or Rodgers, I just have read they are the primary source for CATV in Canada.
34764170

join:2007-09-06
Etobicoke, ON

Re: Let em do it

said by OSUGoose:

I was not familiar with the size of Shaw or Rodgers, I just have read they are the primary source for CATV in Canada.

Cable co's are more or less the primary source of CATV in the US too. Telus and Bell Canada are gaining a fair amount of market share with their VDSL2 based IPTV service and to a very limited extent FTTH, as is AT&T/CenturyLink, but compared to the MSOs they are still relatively small.

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

Comcast hires new strategy chief

The plot thickens:

Alexander D. Evans Joins Comcast Corporation as Executive Vice President, Global Corporate Development and Strategy
Comcast press release, Business Wire - December 12, 2013
»www.businesswire.com/news/home/2···xecutive
quote:
“Alex Evans is a highly talented executive with deep experience in investment and corporate finance within the media, communications and technology sectors, both domestically and internationally,” said Mr. Angelakis. “I’m thrilled he will be leading Comcast NBCUniversal’s strategic business initiatives and managing its mergers and acquisitions efforts. He will also partner with our various business units on market development opportunities with a focus on business and geographic expansion.”