Malathi's Feed
Apr 24, 2015

Time Warner Cable, Comcast could emerge strong from deal rubble

NEW YORK (Reuters) – Even as their merger falls apart, Comcast Corp and Time Warner Cable Inc are both likely to emerge relatively unscathed, with acquisition target Time Warner Cable in particular facing a variety of options.

Comcast’s decision not to pursue the $45 billion purchase of TWC, confirmed by a source on Thursday, undoes a complicated, multi-party deal and leaves TWC ready to choose whether to acquire, be acquired or try to go it alone.

Apr 23, 2015

Verizon says Disney not running ads for FiOS Custom TV in NY

NEW YORK (Reuters) – Verizon Communications Inc said on Thursday that Walt Disney Co is not running ads promoting the wireless carrier’s recently launched Fios Custom TV service on its channels in the New York market.

Since Verizon unveiled its cheaper, slimmer pay-TV plan on Sunday, Disney, Comcast Corp’s NBCUniversal and 21st Century Fox have pushed back and said Verizon’s FIOS TV, which offers slimmer TV bundles, was violating existing agreements.

Apr 22, 2015

ESPN says Verizon made unilateral decision on custom TV offerings

By Lisa Richwine and Malathi Nayak

(Reuters) – Verizon Communications Inc acted on its own when the company decided how to offer ESPN and other Walt Disney Co channels in smaller custom TV packages, a spokeswoman for ESPN said on Wednesday.

Disney, Comcast Corp’s NBCUniversal and 21st Century Fox have said Verizon’s slimmer TV bundles violate existing agreements. The new offerings let customers sign up for a slimmed-down, cheaper bundle of 36 fixed channels through Verizon’s FiOS TV and add on genre-specific packages such as kids, sports or news.

Apr 22, 2015

AT&T profit beats Street estimates, shares rise

By Malathi Nayak

(Reuters) – AT&T Inc on Wednesday reported quarterly profit that beat Wall Street estimates and said its subscribers switched to other networks at a lower rate.

Shares of AT&T rose about 1.5 percent in after-hours trading. They closed at $32.86 on the New York Stock Exchange.

Apr 22, 2015

AT&T first-quarter profit beats Street estimates

By Malathi Nayak

(Reuters) – AT&T Inc on Wednesday reported quarterly profit that beat Wall Street estimates by a penny and lower-than-expected revenue that was nearly flat from a year ago.

The second-largest U.S. wireless carrier posted net income of $3.2 billion, or 61 cents per share, in the first quarter ended March 31, compared with $3.65 billion, or 70 cents per share, in the year-ago quarter.

Apr 17, 2015

Justice Dept. staff may oppose Comcast-Time Warner Cable deal: Bloomberg

By Jennifer Saba and Malathi Nayak

(Reuters) – Staff attorneys at the Justice Department’s antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter.

A spokesman for Time Warner Cable questioned the report, saying the company had been working productively with both the Department of Justice and the Federal Communications Commission.

Apr 17, 2015

U.S. FCC to open up valuable airwaves for tech and telecom companies

NEW YORK (Reuters) – U.S. regulators on Friday voted to open a swath of government-controlled airwaves for commercial use by tech and telecom companies such as Verizon Communications Inc and Google Inc as they seek to meet growing data demands from new wireless devices.

The Federal Communications Commission voted unanimously to create a process to allow companies free access to the frequencies in the 3.5 gigahertz band.

Apr 17, 2015

Verizon to offer custom pay TV with monthly programming bundles

NEW YORK (Reuters) – Verizon Communications Inc is rolling out a new pay TV plan that allows consumers to choose every month bundles of channels they want to see, hoping the flexibility will lure customers away from cable rivals and upstart Web TV companies.

The move is a small step in the direction of ‘a la carte’ programming, which means allowing customers to build their own pay TV service, channel by channel. U.S. television networks have long resisted ‘a la carte,’ in part because of concerns that subscribers will drop less popular channels.

Apr 15, 2015

Broadcast TV airwaves auction ‘on track’ for early 2016: FCC chief

April 15 (Reuters) – The U.S. Federal Communications
Commission is “on track” to hold the incentive auction of
broadcast TV airwaves in early 2016, Chairman Tom Wheeler said
on Wednesday.

The FCC will begin accepting auction applications in fall
2015, Wheeler said while speaking at the National Association of
Broadcasters Show in Las Vegas.

Apr 14, 2015

AT&T, trade groups mount court challenge to FCC Internet rules

NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) and three cable and wireless trade groups filed separate lawsuits on Tuesday challenging the U.S. Federal Communications Commission over its new web traffic regulations.

AT&T is the first large telecom player to individually appeal against the FCC’s so-called “net neutrality rules.” The suit comes even as the No.2 U.S wireless company’s proposed $48.5 billion acquisition of satellite TV operator DirecTV is under FCC review.