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March 17, 2014
06:39 EDTTWCTime Warner Cable sued by Los Angeles for $10M, LA Times reports
The city of Los Angeles has sued Time Warner Cable for $10M, alleging the company owes franchise fees over four years through 2011, reports the Los Angeles Times. In the lawsuit, the city contends that Time Warner Cable "blatantly refused to live up to its obligations to the city" to pay franchise fees to operate its cable network over city-owned rights of way while collecting more than $500 million a year from customers in the city. Reference Link
News For TWC From The Last 14 Days
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October 9, 2015
08:14 EDTTWCOutlook for video distributors mixed, says Pacific Crest
Pacific Crest believes that the shift to Internet video will accelerate, likely creating high profits for "the largest and most differentiated" TV distribution players. It identifies current trends as positive for Netflix (NFLX), Google (GOOG, GOOGL) and Apple (AAPL). It predicts that Comcast (CMCSA), DISH (DISH), AT&T (T), Time Warner Cable (TWC), and Verizon (VZ) will be hurt by the current trends.
October 8, 2015
15:42 EDTTWCCogent, Time Warner Cable enter interconnection agreement
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September 30, 2015
17:04 EDTTWCEarthLink, Time Warner Cable extend high-speed service agreement
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13:33 EDTTWCFCC review of Charter-TWC deal likely to extend into 1Q16, CTFN says
The FCC's review of Charter Communications' (CHTR) proposed merger with Time Warner Cable (TWC) and Bright House Networks will likely extend into the first quarter of 2016 and could take even longer, CTFN reports, citing an attorney who often deals with telecom issues before the FCC. "...It is virtually impossible for the FCC to complete its review and adopt an order approving the license transfer before 1Q16 and, in my opinion, even getting it done before April 1 is a stretch," Barbara Esbin, a partner at law firm Cinnamon Mueller, told CTFN in an email. Esbin also said that the merger "appears to have drawn none of the heavy flack that felled Comcast (CMCSA)-TWC," a proposal that was nixed by the FCC and DOJ earlier this year, the report says. California utility regulators are also preparing for their own review of the deal since it will particularly effect the southern half of the state, the report says. Reference Link
September 29, 2015
12:57 EDTTWCFCC nod for TWC, Charter deal may not be as easy as expected, dealReporter says
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September 28, 2015
09:12 EDTTWCRovi news a 'small positive first step,' says JPMorgan
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08:07 EDTTWCRovi, Time Warner Cable extend existing agreement
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