10 Updates

Comcast Looks Set To Buy Time Warner Cable

Feb 13 2014, 3:02am CST | by

There are reports that Comcast, the nation’s largest cable company, is about to get even bigger. According to the New York Times, the Philadelphia-based cable company is making a bid for Time...

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23 weeks ago

Comcast Looks Set To Buy Time Warner Cable

Feb 13 2014, 3:02am CST | by

There are reports that Comcast, the nation’s largest cable company, is about to get even bigger. According to the New York Times, the Philadelphia-based cable company is making a bid for Time Warner Cable. The deal would be worth $45 billion in stock.

Time Warner has been under pressure for almost a year as Charter Cable and John Malone’s Liberty have been pushing for a hostile take over of the company. Time Warner, which has about 11 million customers, has seen its share of customers leaving. According to the latest public filings, residential video subscribers were down 6% as of September last year.

It didn’t help that subscribers suffered through a month-long blackout of CBS this summer when the two sides were unable to agree on a price Time Warner would have to pay CBS for the right to show its programming. The deal was finally consummated just before football season started.

The Comcast deal reportedly offers $160 per share. TWC is currently trading at $135 per share. Charter had been trying to buy the company at $132.50 per share according to the New York Times.

The combined Comcast Time Warner would be the biggest cable company in America which is sure to bring down scrutiny from Washington. While the merger wouldn’t eliminate competition in any given market (only one cable company can control a market at a time) it will give Comcast incredible bargaining power when it come to things like negotiating retransmission deals with CBS.

Comcast is also a huge owner of content. The $144 billion (market cap) company owns NBC, Universal and cable networks like E!, USA and Bravo. It would be no surprise if regulators felt uncomfortable about a company that big now being the sole cable provider to 30 million Americans.

Of course Comcast will likely argue that anyone can chose to go with a satellite provider instead of cable or cut the cord all together. Because of the increased competition cable faces today, Comcast could benefit from operational efficiency by combining the two companies. By making a lot of workers redundant, the company could cut costs.

Eventually, Comcast could become just a giant pipe into people’s homes that offers content mostly through the Internet through virtual video providers . According to a recent report by BTIG’s Richard Greenfield (subscription required ):

While we believe overall multichannel video subscription homes is in secular decline (at approximately 100 million today), we believe cable should be able to leverage its broadband prowess to reverse market share losses. We also see the power of the broadband pipe into the home enabling the industry to sell an increasing array of additional services.

While Time Warner management didn’t seem thrilled by the Charter overture because the price was too low, the company seems willing to sell. Comcast will likely have to agree to get ride of some of its customers which could work to Charter’s advantage as there aren’t that many cable companies left any more to pick up the slack.

What do you think about a combined Comcast Time Warner cable giant?

Source: Forbes Business

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

New Zealand All Blacks Squad Announcement
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into b ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rej ...
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Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Huss ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 m ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Mo ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM20 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Dama ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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