Tag: Time Warner Cable

MoffettNathanson streaming TV report | Business Insider

~ knjohn ~ Leave a comment

People just aren’t watching — or paying for — TV the way they used to.

The number of people paying cable and satellite giants like Comcast, Time Warner Cable, and DirecTV for TV service fell during the first three months of the year, according to a new report from MoffettNathanson, a media and telecommunications research firm.

It’s the first time that the industry has lost subscribers during that time, which is traditionally a strong period for pay TV, according to the research note. Last year, pay TV companies added 271,000 subscribers in the first quarter, and in the same period in 2013, they added 208,000 subscribers, according to the firm.

Read More.

Comcast abandons $45bn Time Warner Cable deal | BBC News

~ knjohn ~ Leave a comment

“Today, we move on,” said Comcast chairman Brian L Roberts.

“We structured this deal so that if the government didn’t agree, we could walk away.”

In March last year, the US Department of Justice (DoJ) launched an antitrust probe into the deal.

“The companies’ decision to abandon this deal is the best outcome for American consumers,” said Attorney General Eric Holder in a statement.

“This is a victory not only for the Department of Justice, but also for providers of content and streaming services who work to bring innovative products to consumers across America and around the world.”

The deal was also being scrutinised by the Federal Communications Commission, and had been criticised by some politicians and various consumer and industry groups.

Shares in Comcast declined slightly on the news, whereas Time Warner Cable’s were up slightly.

Read More.