Nov. 22, 2013, 8:21 AM
- Shares of Time Warner Cable (TWC) are active in premarket trading after Charter Communications (CHTR) keeps hacking away at putting together a deal to buy the cable player.
- Earlier this week, TWC CFO Arthur Minson didn't even give a glimmer of inspiration that the company would be receptive to an offer during his Q&A at an investor conference.
- TWC +5.5% premarket to $127.50.
Nov. 22, 2013, 2:46 AM
- Charter Communications (CHTR) is reportedly close to a deal with banks to borrow money to fund a cash and stock offer for Time Warner Cable (TWC).
- Other sources of financing could include sovereign wealth funds and wealthy individuals,
- Charter's largest shareholder, Liberty Media (LMCA), could provide investment in order keep its stake in Charter at or above 25% in the event the latter issued stock to help pay for the purchase. Liberty owns 27% at the moment.
- However, a deal remains a tall order. Time Warner has reacted negatively, while its market cap of $34.45B dwarfs Charter's $13.2B.
Nov. 20, 2013, 10:50 AM
- Time Warner Cable (TWC -0.4%) says it would be open to conversations with Netflix (NFLX +1.6%) about integrating its service directly onto the menus of TWC's set-top boxes.
- The comments came from CEO Artie Minson during an industry conference (previous on CHTR).
- A flirtatious relationship exists between Pay-TV players and Netflix, but none of the majors have made the final leap yet.
- Morgan Stanley Technology, Media & Telecom Conference webcast
Nov. 20, 2013, 7:12 AM| Comment!
Nov. 18, 2013, 12:08 PM
- Time Warner Cable (TWC +0.6%) signs a deal with Discovery Communications (DISCA +0.6%) to license content through the TV Everywhere initiative.
- The deal is another step forward for TV Everywhere, although it's unclear at the moment if TWC subscribers will watch Discovery-owned shows via the cable operator's TV app or through Discovery's own website and mobile app.
Nov. 13, 2013, 7:41 AM
- Research firm MoffettNathanson estimates the pay-TV industry lost 0.2% of its subscriber count in Q3 Y/Y.
- The drop which is partially attributable to the impact of more streaming options for consumers marks the worst 12-month loss of subscribers in the pay TV industry's history.
- In this quarter's batch of earnings conference calls from industry heavyweights, execs showed a great deal of surprise at how resistant the sub-thirty year old crowd is to adding television services on top of broadband.
- Related stocks: DISH, DTV, CHTR, TWC, CVC, CMCSA
- Related earnings call transcripts: VZ, DISH, CHTR
Nov. 7, 2013, 2:01 PM
- Time Warner Cable (TWC -1.1%) and A+E Networks renew a content deal to see programming from the company's stable of networks (A&E, History, Bio, Lifetime) stay available for TWC subscribers.
- Recent deals between broadcasters and programmers have been more about more than just fees. In that vein, the agreement with TWC also covers VOD and out-of-home platforms for A+E content.
- A+Networks is owned 50-50 by Disney and Hearst Corporation.
Nov. 1, 2013, 3:19 PM| Comment!
Oct. 31, 2013, 8:29 AM
- Time Warner Cable (TWC) reports it lost 304K video customers in Q3 after analysts expected a drop of around 182K.
- The quarter included a high-profile blackout of CBS from key TWC markets which undoubtedly played a factor.
- What to watch: The company's painful loss of subscribers adds a big wildcard to future negotiations between broadcasters and cable/satellite players.
- Related stocks: TWX, CMCSA, FOXA, CHTR, DISH, DTV, VIAB, AMCX, CVC, DIS.
Oct. 31, 2013, 7:01 AM
- Time Warner Cable (TWC) saw a gain in business services revenue help lift total revenue Y/Y, while a drop in diluted EPS was realized due to last year's AWS Spectrum and Clearwite gains.
- Segment revenue: High-speed data +14.2% to $1.46B; Video -4.5% to $2.6B; Other (regional sports distribution) -6% to $498M. (PR)
Oct. 31, 2013, 6:03 AM
Oct. 29, 2013, 1:23 PM| Comment!
Oct. 25, 2013, 6:40 PM
- Sources tell Bloomberg Time Warner Cable (TWC), DirecTV (DTV), and Charter (CHTR), each of whom have had retransmission fee squabbles with major broadcasters, are thinking of launching Aereo-like services that give consumers access to HD broadcast feeds picked up by over-the-air antennas.
- A source adds Time Warner Cable has also considered buying Aereo, which is partly owned by InterActiveCorp (IACI)
- If pay-TV providers decide to follow Aereo's lead, they could face challenges in scaling their services - a provider such as Time Warner Cable might need hundreds of thousands, if not millions, of antennas to meet primetime demand for broadcast channels - and guaranteeing service quality.
- But with SNL Kagan predicting U.S. retransmission fees will rise to $6.1B in 2018 from $3B in 2013, pay-TV providers have plenty of incentive to explore their options, or at least create a bargaining chip.
- Bloomberg's report comes as broadcasters petition the Supreme Court to shut down Aereo, after the service scored a legal win in a Massachusetts district court.
Oct. 24, 2013, 10:01 AM
Oct. 24, 2013, 8:22 AM| Comment!
Oct. 17, 2013, 10:42 AM
- Canada is ahead of the game in pushing for an a la carte TV pricing model, according to Rogers Communications' Ken Engelhart.
- The exec thinks the whole system is subject to being lost to the Internet and Netflix if consumers aren't giving the option to only pay for what they watch.
- The Canadian Radio-television and Telecommunications Commission will review the nation's broadcast system this fall - while in the U.S. the Pay-TV (CHTR, CVC, CMCSA, TWC, DISH, DTV) industry has been successful in keeping Congress at bay on the issue.
TWC vs. ETF Alternatives
Time Warner Cable Inc provides video, high-speed data and voice services. The Company also offers security and home management services, networking and transport services and enterprise-class, cloud-enabled hosting, managed applications and services.
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