dwy000 Posted February 5, 2015 Share Posted February 5, 2015 Wheeler wrote: That is why I am proposing that the FCC use its Title II authority to implement and enforce open internet protections. Using this authority, I am submitting to my colleagues the strongest open internet protections ever proposed by the FCC. These enforceable, bright-line rules will ban paid prioritization, and the blocking and throttling of lawful content and services. I propose to fully apply—for the first time ever—those bright-line rules to mobile broadband. My proposal assures the rights of internet users to go where they want, when they want, and the rights of innovators to introduce new products without asking anyone’s permission. All of this can be accomplished while encouraging investment in broadband networks. To preserve incentives for broadband operators to invest in their networks, my proposal will modernize Title II, tailoring it for the 21st century, in order to provide returns necessary to construct competitive networks. For example, there will be no rate regulation, no tariffs, no last-mile unbundling. Over the last 21 years, the wireless industry has invested almost $300 billion under similar rules, proving that modernized Title II regulation can encourage investment and competition. Pretty sure Malone is smiling. I'm guessing that will put a bit of a damper on OTT providers. If there's no prioritization, as volume grows over a fixed pipe, watching TV over the internet will involve a great deal of buffering. Like the chart too Liberty. I'm amazed at where you find some of this stuff. Link to comment Share on other sites More sharing options...
Liberty Posted February 11, 2015 Author Share Posted February 11, 2015 http://www.bloomberg.com/news/articles/2015-02-10/comcast-time-warner-deal-chances-improve-with-tighter-web-rules Link to comment Share on other sites More sharing options...
Liberty Posted March 12, 2015 Author Share Posted March 12, 2015 http://www.bloomberg.com/news/articles/2015-03-12/charter-said-in-talks-to-buy-newhouse-s-bright-house-networks Charter Communications Inc., the U.S. cable company that was outbid in an effort to buy Time Warner Cable Inc. last year, is in talks to acquire billionaire Si Newhouse Jr.’s Bright House Networks, people with knowledge of the matter said. The discussions have been ongoing for months and both sides have agreed on the outline of a potential all-stock deal, two people said, asking not to be identified discussing private information. Bright House, with about 2.5 million cable subscribers in states including Florida, California and Michigan, could be valued at over $12 billion if it fetches the same per-subscriber value that Charter last year agreed to pay in a deal with Comcast Corp. Link to comment Share on other sites More sharing options...
dwy000 Posted March 19, 2015 Share Posted March 19, 2015 Great summary of impact of cord cutting/OTT on the cable companies and why this may be a positive. http://stratechery.com/2015/changing-unchanging-structure-tv/ Link to comment Share on other sites More sharing options...
Liberty Posted March 31, 2015 Author Share Posted March 31, 2015 David Faber: "Charter deal for Brighthouse is in stock. Will give Newhouse family roughly 30% of company, dilute Liberty's stake to 19%- sources." "$CHTR will take leverage down to 3.5x from 5x given use of stock for Brighthouse deal. Newhouse family expected to receive 3 board seats." "Charter's Newhouse deal is contingent on Comcast's Time Warner Cable deal closing." Alex Sherman of Bloomberg says it's a 10.4bn deal. Official CHTR release: http://phx.corporate-ir.net/phoenix.zhtml?c=112298&p=irol-newsArticle&ID=2030907 Here's Broadband's involvement: http://www.marketwatch.com/story/liberty-broadband-announces-entry-into-new-stockholders-agreement-with-charter-2015-03-31 There's a CHTR call about it at 10 AM today. Very nice how they're making this condition on Comcast-TWC closing, because if it doesn't, they're going back after TWC themselves (and they can always get Brighthouse later..). Link to comment Share on other sites More sharing options...
Gamecock-YT Posted March 31, 2015 Share Posted March 31, 2015 7.6x EBITDA purchase price. Link to comment Share on other sites More sharing options...
Liberty Posted March 31, 2015 Author Share Posted March 31, 2015 7.6x EBITDA purchase price. They say that after synergies (mostly from tax assets) it should be less than 7x. Deal is also deleveraging, should end up around 3.9x at closing. Link to comment Share on other sites More sharing options...
Liberty Posted April 17, 2015 Author Share Posted April 17, 2015 http://www.bloomberg.com/news/articles/2015-04-17/u-s-antitrust-lawyers-said-to-be-leaning-against-comcast-merger So it looks like CHTR/LBRDA might take another swing at TWC, if this is correct. Link to comment Share on other sites More sharing options...
Liberty Posted April 17, 2015 Author Share Posted April 17, 2015 http://www.prnewswire.com/news-releases/arris-charter-acquire-activevideo-through-new-joint-venture-300065355.html Link to comment Share on other sites More sharing options...
Liberty Posted April 19, 2015 Author Share Posted April 19, 2015 http://www.wsj.com/articles/comcast-and-time-warner-cable-to-meet-with-doj-to-negotiate-merger-1429410969 One potential concession that could be up for discussion is the divestiture of more of the roughly 30 million customers the combined company will serve if the deal closes. The companies have already agreed to deals with Charter Communications Inc. to sell or spin off systems serving 3.9 million customers if the Time Warner Cable purchase is completed. Also: http://www.bloomberg.com/news/articles/2015-04-19/comcast-time-warner-said-to-discuss-deal-with-doj-wednesday Link to comment Share on other sites More sharing options...
Liberty Posted April 23, 2015 Author Share Posted April 23, 2015 LBRDA annual report is out, with a letter to shareholder from Maffei and Malone: http://api40.10kwizard.com/cgi/convert/pdf/LBRDA-20150423-ARS-20141231.pdf?ipage=10219758&xml=1&quest=1&rid=23§ion=1&sequence=-1&pdf=1&dn=1 Link to comment Share on other sites More sharing options...
Liberty Posted April 23, 2015 Author Share Posted April 23, 2015 Apparently Comcast will soon announce that it is canceling its TWC acquisition... Malone HQ just went to DEFCON 1. Here are the media pieces: http://www.bloomberg.com/news/articles/2015-04-23/comcast-said-planning-to-withdraw-offer-for-time-warner-cable http://www.cnbc.com/id/102597514 http://www.nytimes.com/2015/04/24/business/media/comcast-time-warner-cable-merger.html Link to comment Share on other sites More sharing options...
Liberty Posted April 23, 2015 Author Share Posted April 23, 2015 Some slides from a previous annual meeting seem apropos :) http://i.imgur.com/1j5GgWN.png Link to comment Share on other sites More sharing options...
Liberty Posted April 23, 2015 Author Share Posted April 23, 2015 http://www.bloomberg.com/news/articles/2015-04-23/comcast-s-roberts-faces-rare-defeat-after-trying-to-go-it-alone In hindsight, maybe Comcast Corp. Chief Executive Officer Brian Roberts should have just played nice. More than a year after Roberts unexpectedly backed out of talks with Charter Communications Inc. to divvy up Time Warner Cable Inc. between the two of them -- opting instead to make a bid to buy it all himself -- it seems he will end up with nothing. [...] “Comcast rolled the dice on what was from the beginning a high-risk regulatory strategy,” said Craig Moffett, an analyst at MoffettNathanson LLC in New York. “It clearly would have been safer to take a back seat to a Charter-led deal. But they ultimately decided that the rewards of control were high enough to warrant the risk.” Link to comment Share on other sites More sharing options...
Liberty Posted April 24, 2015 Author Share Posted April 24, 2015 http://www.bloomberg.com/news/videos/2015-04-24/inside-comcast-s-failed-45b-takeover-of-twc Sherman piece giving more backstory. Link to comment Share on other sites More sharing options...
Liberty Posted April 24, 2015 Author Share Posted April 24, 2015 And to the surprise of no one: http://www.bloomberg.com/news/articles/2015-04-24/charter-s-advisers-said-to-contact-time-warner-cable-for-talks Link to comment Share on other sites More sharing options...
merkhet Posted April 24, 2015 Share Posted April 24, 2015 And to the surprise of no one: http://www.bloomberg.com/news/articles/2015-04-24/charter-s-advisers-said-to-contact-time-warner-cable-for-talks I'm only surprised they didn't start moving last night, lol. :) Link to comment Share on other sites More sharing options...
Liberty Posted April 24, 2015 Author Share Posted April 24, 2015 And to the surprise of no one: http://www.bloomberg.com/news/articles/2015-04-24/charter-s-advisers-said-to-contact-time-warner-cable-for-talks I'm only surprised they didn't start moving last night, lol. :) They probably did. Took a while for the journalists to catch up :) Update: Sherman on tv talking about this: http://www.bloomberg.com/news/videos/2015-04-24/have-talks-between-charter-and-twc-already-started- Sherman says that CHTR might still buy Brighthouse and use that larger balance sheet to help acquire TWC. Combined company would have less leverage post deal, which TWC might prefer. http://www.wsj.com/articles/charter-needs-to-be-second-time-lucky-1429908257 Link to comment Share on other sites More sharing options...
loganc Posted April 24, 2015 Share Posted April 24, 2015 I can't get enough of financial journalists confusing Malone entities. Link to comment Share on other sites More sharing options...
Liberty Posted April 25, 2015 Author Share Posted April 25, 2015 http://www.wsj.com/articles/comcast-miscalculated-its-influence-1429917671 http://www.bloomberg.com/news/articles/2015-04-24/greatland-connections-a-cable-company-that-never-had-a-chance http://seventeenmile.com/2015/04/25/events-charter-communications-deal-break-analysis-april-2015/ Link to comment Share on other sites More sharing options...
Guest JoelS Posted April 27, 2015 Share Posted April 27, 2015 Controversial: http://www.bloombergview.com/articles/2015-04-24/comcast-time-warner-is-off-and-the-cable-era-is-over Link to comment Share on other sites More sharing options...
Liberty Posted April 27, 2015 Author Share Posted April 27, 2015 Controversial: http://www.bloombergview.com/articles/2015-04-24/comcast-time-warner-is-off-and-the-cable-era-is-over Video is definitely going to be weak, but broadband will get better. "Cable cutters" get their internet mostly through.... cable. Link to comment Share on other sites More sharing options...
Liberty Posted April 27, 2015 Author Share Posted April 27, 2015 Charter only buyer? Time Warner Cable reached out to Cox Comm. in recent days to discuss merger; Cox not interested @CNBC cites @DowJones $TWC Link to comment Share on other sites More sharing options...
Liberty Posted April 29, 2015 Author Share Posted April 29, 2015 http://www.cnbc.com/id/102573756 Charter, Time Warner Cable CEOs to meet next week to talk deal Link to comment Share on other sites More sharing options...
Liberty Posted April 30, 2015 Author Share Posted April 30, 2015 TWC Q1 is out: http://ir.timewarnercable.com/investor-relations/investor-news/financial-release-details/2015/Time-Warner-Cable-Reports-2015-First-Quarter-Results/default.aspx Tomorrow CHTR. These results will probably have an impact on what kind of price CHTR gets for TWC if there's a deal. Link to comment Share on other sites More sharing options...
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