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