Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge

Reply
 
Thread Tools Display Modes
Old 02-12-2014, 10:38 PM  
Papi Papi is offline
Starter
 
Papi's Avatar
 
Join Date: Feb 2006
Casino cash: $5357
Comcast to acquire Time Warner

They both suck, but in my experience Comcast sucks worse.

http://dealbook.nytimes.com/2014/02/...-warner-cable/

Comcast is expected to announce on Thursday an agreement to acquire Time Warner Cable for more than $45 billion in stock, a deal that would combine the biggest and second-biggest cable television operators in the country.

For Comcast, which completed its acquisition of NBC Universal, the television and movie powerhouse, from General Electric less than a year ago, the latest deal would be its second big act to radically reshape the media landscape in the United States. And the merger is almost certain to bring to an end a protracted takeover battle that Charter Communications has been waging for Time Warner Cable.

For Time Warner Cable, the deal provides a neat solution to its problems. It will receive just about the $160-a-share price it said was its true value, and possibly more. It will no longer have to slog ahead with a turnaround plan being run by a new chief executive, Rob Marcus. And it will allow it to become part of the company that is already the dominant force in cable television services.

Despite combining the two largest cable operators in the country, a merger may have little impact on consumers. Comcast and Time Warner Cable compete in very few markets. As a result, few consumers will see their choices of cable operators reduced.

Nonetheless, regulators will surely look carefully at the impact on the deal to consumers, and may also focus on whether the combined company will have additional power in negotiations with cable networks, a recent source of tension in the industry.

Comcast has about 22 million television customers, according to the National Cable and Telecommunications Association. Time Warner Cable has about 11 million video subscribers, according to people familiar with the company.

In a bid to appease antitrust regulators, Comcast is expected say it is willing to divest three million of Time Warner Cable’s roughly 11 million pay television subscribers.

It was not immediately clear if Comcast would propose certain markets to divest, but shedding those subscribers should keep Comcast with less than 30 percent national market share for pay television, a level the company believes will satisfy antitrust regulators.

Under the terms of the deal, Time Warner Cable shareholders will receive 2.875 shares of newly issued Comcast common stock for each of their shares, people briefed on the matter said on Wednesday evening. Based on Comcast’s closing price of $55.24 on Wednesday, that values each Time Warner Cable share at about $158.82 each.

If Comcast stock rises on news of the deal, the price could go up, while if the stock falls, it could go down. The deal is set to be announced on Thursday morning.

The deal is subject to approval by both shareholders of both companies. Because it is an all-stock deal with newly issued shares, Comcast will not have to take on any new debt.

Should a deal be completed, Time Warner Cable shareholders will own about a quarter of the combined company.

For Comcast, the deal, extending its leadership in the cable industry, is another transformative step in the evolution of what is now America’s most influential media company. It comes less than a year after Comcast completed the acquisition of NBC Universal And it will further extend Comcast’s lead as the nation’s largest cable operator.

Charter, however, is left in the lurch. Charter is one of the nation’s smaller cable operators, but had big ambitions to compete with Comcast. Last year Liberty Media, the conglomerate backed by billionaire John C. Malone, acquired 27 percent of Charter, and urged the company to pursue deals, a process that could have led Mr. Malone back to the heights of American cable, an industry he once ruled as head of TCI, then the country’s largest operator.

Beginning last year, Charter made overtures to Time Warner Cable, privately offering a succession of higher prices, all of which were rejected. Last month, Charter went public with an offer of $132.50 per share for Time Warner Cable, which Mr. Marcus dismissed as inadequate. He countered by saying the company would consider a bid of $160 per share, which Comcast has now nearly matched.

On Tuesday, Charter nominated a full slate of directors to Time Warner Cable’s board, its most aggressive move to date.

At the same time, Charter was negotiating with Comcast about a deal through which Comcast would acquire certain markets from Time Warner Cable if Charter was about to buy the entire company. Comcast, however, had other plans.

Charter may buy the subscribers that Comcast has pledged to divest, giving it added scale but not nearly the boost it had hoped when it set its eyes on acquiring all of Time Warner Cable.

Though the companies are set to announce the deal, it could still come undone. Shareholders of either company could vote it down, though that seems unlikely.

Charter could still play spoiler with a new bid, though that seems unlikely too, given its limited financial resources.

Or Comcast shares could collapse, leading Time Warner Cable shareholders to shun a deal.

Morgan Stanley, Allen & Company and Citigroup had been advising Time Warner Cable on its defense from Charter, with Paul, Weiss, Rifkind, Wharton & Garrison providing legal advice. Centerview Partners and the law firm Skadden, Arps, Slate, Meagher & Flom. Skadden also advised Time Warner Cable.

JPMorgan Chase, Barclays and the law firm Willkie Farr & Gallagher, among others, advised Comcast.
Posts: 471
Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.Papi is not part of the Right 53.
  Reply With Quote
Old 02-13-2014, 11:01 AM   #31
Cave Johnson Cave Johnson is offline
Andy the Big Reid Coach
 
Cave Johnson's Avatar
 

Join Date: Sep 2005
Location: E. Bumf***istan
Casino cash: $10636
Such BS. Corporate kleptocracy at its worst.

http://arstechnica.com/tech-policy/2...-in-20-states/
Posts: 10,235
Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.Cave Johnson is too fat/Omaha.
  Reply With Quote
Old 02-13-2014, 11:26 AM   #32
Chief Gump Chief Gump is offline
Run dumb ass run
 
Chief Gump's Avatar
 

Join Date: Jun 2012
Casino cash: $5000
Quote:
Originally Posted by Dayze View Post
I've never had Comcast, but I had TW for a whopping 3 days after our move to an apartment a few years back that wouldn't allow LOS for our DTV dish.

TW sucked ass. Switched to U-Verse the same week.
I believe I read somewhere it is illegal for a apartment to prevent you from getting dish. They can say it they just can't enforce it.
Posts: 437
Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.Chief Gump is not part of the Right 53.
  Reply With Quote
Old 02-13-2014, 12:00 PM   #33
Dayze Dayze is offline
Resident Glue Sniffer
 
Dayze's Avatar
 

Join Date: Nov 2003
Location: Overland Park
Casino cash: $18121
Quote:
Originally Posted by Chief Gump View Post
I believe I read somewhere it is illegal for a apartment to prevent you from getting dish. They can say it they just can't enforce it.
in my case, we were on the basement floor (the level below the parking level) facing north. We couldn't get line of site when DTV came out.

...which sucked.
__________________
Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial.
Posts: 27,353
Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.
  Reply With Quote
Old 02-13-2014, 12:06 PM   #34
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $17298
Quote:
Originally Posted by Cave Johnson View Post
Such BS. Corporate kleptocracy at its worst.

http://arstechnica.com/tech-policy/2...-in-20-states/
HOORAY FOR THE RISE OF THE RENTIER!
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 18,902
KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.
  Reply With Quote
Old 02-13-2014, 12:08 PM   #35
KC_Lee KC_Lee is offline
Peace kills...
 
KC_Lee's Avatar
 

Join Date: Sep 2006
Location: Madison, TN
Casino cash: $2740
Quote:
Originally Posted by Predarat View Post
Everytime there is a thunderstorm warning within 100 miles of where you live, it will freeze your TV with an archaic EBS warning the switch to CSPANN and get stuck there for a bit. It is ****ing annoying. They interrupt your local news telling you in real time where the storm is, has gone and is going for a generic text message with a robotic voice that takes up the whole screen.
Love when they do that. It's even better when something happens and you are stuck watching CSPAN for an hour.
__________________
“There is no absolute knowledge. And those who claim it, whether they are scientists or dogmatists, open the door to tragedy.” - Jacob Bronowski, The Ascent of Man
Posts: 2,790
KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.KC_Lee wants to die in a aids tree fire.
  Reply With Quote
Old 02-13-2014, 01:00 PM   #36
kysirsoze kysirsoze is offline
SNAP THE ****ING BALL!!!
 
kysirsoze's Avatar
 

Join Date: Sep 2007
Location: Los Angeles, CA
Casino cash: $9528
I was just gonna say the cable provider industry needed less competition. Good news.
Posts: 8,070
kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.kysirsoze has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
  Reply With Quote
Old 02-13-2014, 03:14 PM   #37
Stewie Stewie is offline
Supporter
 
Stewie's Avatar
 

Join Date: Oct 2006
Location: West of the Equator
Casino cash: $1032
I don't use either of these companies for TV. TWC was horrible when I was a subscriber and I've heard Comcast is worse. DirecTV has always been accommodating... with a little Stewie coercion.
Posts: 10,995
Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.Stewie wants to die in a aids tree fire.
  Reply With Quote
Old 02-13-2014, 03:39 PM   #38
Predarat Predarat is offline
Run Chiefs fans, run!!
 
Predarat's Avatar
 

Join Date: Oct 2004
Location: Nashville, TN
Casino cash: $6178
Quote:
Originally Posted by KC_Lee View Post
Love when they do that. It's even better when something happens and you are stuck watching CSPAN for an hour.
That is the worst, and there is nothing you can do about it, changing the channels, unplugging the cable box. Nothing. The only real thing you can do is switch to a DVD player or something but no live TV. It really sucks if a storm is heading in your area and its stuck on CSPAN or the general EAS warning. Damn I hate Comcast!
Posts: 9,118
Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.Predarat is blessed with 50/50 Hindsight.
  Reply With Quote
Old 02-14-2014, 09:23 PM   #39
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 

Join Date: Dec 2000
Location: KS
Casino cash: $1021747
Terrible

cable and internet prices will be going up
Posts: 83,812
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
  Reply With Quote
Old 02-14-2014, 11:00 PM   #40
tk13 tk13 is offline
...
 
tk13's Avatar
 

Join Date: Nov 2001
Casino cash: $19185
Quote:
Originally Posted by Mr. Laz View Post
Terrible

cable and internet prices will be going up
What might be just as important is with net neutrality being shot down a few weeks ago... they can put the hammer to Netflix and Hulu and the like and really go after the cord cutters. Like Hamas said... they could restrict bandwidth for people on Apple TV and Roku.
Posts: 37,494
tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.tk13 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 02-15-2014, 09:05 AM   #41
houstonwhodat houstonwhodat is offline
Banned
 

Join Date: Nov 2012
Location: Parallel Universe
Casino cash: $5000
Cable TV costs too much nowadays.

You're lucky if you get a bill for 120.00.

And there's still nothing to watch.
Posts: 2,637
houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.
  Reply With Quote
Old 02-15-2014, 09:11 AM   #42
Count Alex's Losses Count Alex's Losses is online now
Banned
 
Count Alex's Losses's Avatar
 

Join Date: Nov 2002
Casino cash: $39808
They better not try to **** me when I switch to Google Fiber this spring.
Posts: 172,232
Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.
  Reply With Quote
Old 02-15-2014, 12:46 PM   #43
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 

Join Date: Dec 2000
Location: KS
Casino cash: $1021747
Quote:
Originally Posted by tk13 View Post
What might be just as important is with net neutrality being shot down a few weeks ago... they can put the hammer to Netflix and Hulu and the like and really go after the cord cutters. Like Hamas said... they could restrict bandwidth for people on Apple TV and Roku.
yup

they can also choose to jack with prices for certain channels whenever they feel like it


too much power for any particular company is bad

all this consolidation throughout american markets is bad imo
Posts: 83,812
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
  Reply With Quote
Old 04-19-2014, 12:41 PM   #44
Count Alex's Losses Count Alex's Losses is online now
Banned
 
Count Alex's Losses's Avatar
 

Join Date: Nov 2002
Casino cash: $39808
I'm kind of impressed right now. Zero ****ery from these guys in canceling my service.

Posts: 172,232
Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.Count Alex's Losses is obviously part of the inner Circle.
  Reply With Quote
Old 04-19-2014, 01:27 PM   #45
BigRedChief BigRedChief is offline
Brainwashed
 
BigRedChief's Avatar
 

Join Date: Dec 2003
Location: Swims with fishes
Casino cash: $19064
VARSITY
Quote:
Originally Posted by Mr. Laz View Post
yup

they can also choose to jack with prices for certain channels whenever they feel like it


too much power for any particular company is bad

all this consolidation throughout american markets is bad imo
How can anyone think this will be good for the consumer?

The only benefit is for the corporation to get bigger and squeeze the competition out while hitting us with bigger cable bills for less service.
__________________
If you don't have a seat at the table, you're probably on the menu
Posts: 44,926
BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 04:50 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.