Time Warner Name Will Vanish; Charter Closes Acquisition

  • Posted by a hidden member.
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    May 18, 2016 5:48 PM GMT
    So much for all those 'catchy' TWC commercials, and the illuminati's 'all seeing eye'
    Time_Warner_Cable.jpg



    http://abcnews.go.com/Business/wireStory/time-warner-vanish-charter-closes-acquisition-39199066


    Charter Communications is closing on its $67 billion acquisition of Time Warner Cable and Bright House Networks. The deals make Charter the second-largest home Internet provider and third-largest video provider in the U.S.

    Charter, which is based in Stamford, Connecticut, says it now has 24 million subscribers in 41 states. It agreed to buy Time Warner and Bright House last year, but the deals weren't cleared by antitrust regulators and other government agencies until the last few weeks.

    Charter says its Spectrum brand will replace the Time Warner Cable and Bright House brands over the next 18 months or so. The company's stock rose 33 cents to $225.24 in midday trading.

    The name Time Warner will eventually be phased out and the company will be known as Charter Communications

    310760_Charter-Communications--IFRe.jpg
  • badbug

    Posts: 800

    May 18, 2016 11:42 PM GMT
    24 million subscribers

    And it can buy a company for 67 billion?


    Tells you all you need to know about how corporations are fucking people in the ass.


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    May 19, 2016 4:26 AM GMT

    Video

    Charter CEO on TWC deal, future of the bundle
    http://finance.yahoo.com/video/charter-ceo-twc-deal-future-142800106.html

    Charter Communications CEO Tom Rutledge, discusses Charter closing its deal for Time Warner Cable and Bright House, creating the second largest broadband provider in the country.
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    May 19, 2016 4:30 AM GMT

    icon_neutral.gif

    What’s Next Now That Charter-Time Warner Cable Merger Is Complete
    https://www.yahoo.com/tv/next-now-charter-time-warner-cable-merger-complete-132514173.html


    Upgrading the plant: Charter has vowed to refurbish Time Warner Cable’s aging infrastructure and ensure that its operations are all digital. TW Cable has already been in the midst of an all-digital upgrade plan. That effort will temporarily be halted while Charter execs get under the hood and determine the best approach for weeding out the last pockets of antiquated equipment in the TW Cable and Bright House Networks footprint. The process is expected to be completed by the end of 2018, Rutledge said during Charter’s May 1 quarterly earnings conference call. The assets are in better shape than we’d even planned for, which is a great relief,” Rutledge said.

    Here comes Spectrum: The Time Warner Cable and Bright House Networks brand names will be phased out in favor of unifying its consumer-facing brand under Charter’s existing Spectrum moniker. But TW Cable and Bright House customers won’t see changes on Day 1. The old names and logos will linger for a few months on the screen guides and billing documents while Charter readies its relaunch plan that will include streamlined pricing and packaging offers across the enlarged company.

    In the Cloud: Charter in the past year has been slowly but steadily rolling out a cloud-based interactive channel guide across its existing subscribers. The user interface is designed to make it much easier for subscribers to navigate through VOD viewing options as well as channel listings and for Internet surfing for those using connected TVs. Charter has said feedback from the new-and-improved navigation system has been good in early markets such as Dallas-Fort Worth, Reno, Nevada and St. Louis.

    Ending the Out-Sourcing: Charter has vowed to hire as many as 20,000 new employees in the U.S. post merger in an effort to dramatically improve its customer service. Rutledge has been adamant about the value of bringing its customer service operations back home to the U.S. with full-time employees, not contractors. He has done the math and determined that the improvements in customer interactions, troubleshooting, reduction in churn and ability to up-sell make it worth the investment.
  • Posted by a hidden member.
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    May 19, 2016 2:10 PM GMT
    you can always tell the end of a market sector when the wild consolidations occur.
  • fitartistsf

    Posts: 638

    May 20, 2016 1:27 AM GMT
    I just want to know if Charter will offer Ala Carte and allow me to choose my channels instead of the 150+ I don't need and/or don't watch... Oh, and give me a heads up as to how much my bill will increase per month...
  • Posted by a hidden member.
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    May 20, 2016 11:10 AM GMT
    I would be less concerned about what television channels you can pick up, and more concerned that there's even less faux competition between ISP's.
  • oldfart

    Posts: 328

    May 20, 2016 6:08 PM GMT
    fitartistsf saidI just want to know if Charter will offer Ala Carte and allow me to choose my channels instead of the 150+ I don't need and/or don't watch...


    What, and leave the Stone Age?

    fitartistsf said... Oh, and give me a heads up as to how much my bill will increase per month...


    Check your medication...
  • Sportsfan1

    Posts: 479

    May 22, 2016 9:00 PM GMT
    Please make a deal with DIRECTV so I can watch Dodger baseball games and PAC-12 football games! DIRECTV does not carry either channel so I am left out in the dark. On the bright side I listen to the games on the radio so I get to listen to Vin Scully for all the home games. This is the last year we get to listen to Vin.