Tag - Time Warner Cable
Time Warner Cable has revealed a large number of its customers may have become victim to an attack that puts their email accounts at risk. The cable company has advised that as many as 320,000 customers have their account email addresses and passwords in the possession of an attacker, among other important details, though unlike many other security breaches, Time Warner's server security is apparently not at fault for this latest leak.
Time Warner Cable is preparing to test an Internet-only television service starting from next week, according to a report. The cable provider is said to be working on a version of TWC TV, its existing online streaming app for cable TV subscribers, that could be used by users of its Internet-only connections, potentially allowing customers to watch TV without being locked into a longer contract period nor having a standard cable set-top box at their home.
Time Warner Cable has become the subject of another acquisition, barely a month after the attempted merger between TWC and Comcast failed. This time, Charter is the potential suitor to the cable company, with it providing $100 in cash and half a share of the "New Charter" parent company in exchange for each TWC share, a price that effectively values Time Warner Cable at approximately $55 billion.
Comcast's failed attempt to acquire Time Warner Cable cost the cable company a considerable amount of money, according to analysis of its earnings reports. While the transaction would have cost $45.2 billion if it did indeed go through, Comcast has apparently spent at least $336 million to get the purchase moving over the last five quarters, before it ended.
This past Friday, the Comcast Time Warner Cable (TWC) merger was officially canceled. A report by Bloomberg Business indicates the resistance by both the Department of Justice (DoJ) and the Federal Communications Commission (FCC) has been in play for quite a bit longer than just the week prior to when the deal was nixed.
As expected, Comcast and Time Warner Cable have both walked away from the blockbuster merger deal, citing governmental resistance from the Department of Justice and the Federal Communications Commission. In a statement about the collapse, Comcast CEO Brian Roberts said that "we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away."
Facing stiff opposition from the US Federal Communications Commission (FCC), as well as staunch opposition from the Department f Justice and members of Congress, Comcast is reportedly going to drop plans to acquire Time Warner Cable. A final decision will be made today, and an announcement of the breakdown could be as soon as Friday, according to sources familiar with the matter.
Residents of Charlotte, North Carolina on Time Warner Cable (TWC) will soon enjoy improved Internet speeds, as the company rolls out changes to its network in the area. Last week's announcement is notable in that Google previously announced it would be rolling out Google Fiber in Charlotte, and TWC's changes could be a pre-emptive move to keep its customers from jumping ship.
The US Federal Communications Commission (FCC) frequently puts out a call for comments as part of their decision-making process, and usually hears back from concerned citizens as well as "astroturf" industry-funded campaigns. In the case of the merger of Comcast and Time Warner Cable (TWC), however, Comcast posted a thank you to the politicians, organizations and businesses that submitted comments in its favor. An investigation of those letters, however, has revealed a number of politicians who's comments were penned by Comcast employees, and simply signed off on, much like the situation where Mississippi State Attorney General Jim Hood sent a subpoena to Google which was later discovered to have been written by the MPAA's law firm.
In spite of Comcast CEO Brian Roberts' assertions earlier this month that the merger with Time Warner Cable (TWC) is going along smoothly, the FCC has paused the informal 180-day clock on its investigation into the merger, due to a total of roughly 38,000 documents submitted by TWC beyond its deadline, and after the FCC had believed it was finished with that part of its investigation into the merger.