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ComCast Takes Over TimeWarner Here In Houston

D

DJboutit3

The information I was able to gather was Time Warner will take Comcast's subscribers in Houston, Texas, Los Angeles and New York markets in exchange for Louisiana markets Shreveport and Monroe, Minneapolis, Memphis, and Florida's Cape Coral and St. Augustine, Florida.
 
Comcast has a bit if a "T.O.S. agreement" issue with their cable internet subscribers.
Let's just say that confidentiality and privacy are important.

This and an outstanding issue of Time Warner where they do not carry the American Football Monopoly Channel (can't use the proper noun because our loony legal system thinks a proper noun can be owned).

Anyone else hear of this?
 
Here in Cincinnati, Ohio time warner took over Adelphia. I had Adelphia and the idots at Adelphia would mess with the channels all the time screwing them up. Like snow in the picture, no sound, the channel not even showing, red and green lines in the channel, dim picture, crap like this. I am glad is gone since time took over no more have to deal with Adelphias crap. The only thing I see that tell you that you got Time Warner is the tv guide channel.The channel lineup had not changed yet. I find it funny the local orgination channel still Has Adelphia written on it. Adelphia used a old commadore 64 to display the listings of what they were going to show on the channel lol.
 
Here in Los Angeles, they already airing promos of Time Warner Cable's takeover of the Comcast and Adelphia systems here in the market. Most of the L.A. market was either Comcast or Adelphia already, with Cox and Time Warner sprinkled in-between, all the way down to San Diego (mostly Cox, with TWC and Adelphia in some areas), Now, with the new deal with Time Warner, they'll control at least 70 percent (if not more) of the cabled homes in Los Angeles, Orange, Ventura, Riverside, San Bernardino, and San Diego counties. Their only other competition will still be Cox.
 
To me, the Houston swap doesn't make sense...

TW is picking up Comcast's systems in the north part of the state (Dallas) - I would think TW would want to grab a stranglehold on the entire Texas (except for Cox, of course) market...

Jim
 
Jim said:
To me, the Houston swap doesn't make sense...

TW is picking up Comcast's systems in the north part of the state (Dallas) - I would think TW would want to grab a stranglehold on the entire Texas (except for Cox, of course) market...

Jim
Click to expand...

You raised exactly the point I was going to make. In all the discussions of this deal that I've read the indication was that TWC was going to get a stranglehold on Texas with this deal. The fact that they're swapping Houston for DFW probably adds subscribers, but hardly makes any sense.
 
I saw an article in the Houston Chronicle regarding this event...

Basically TW Houston, Kansas City, SW Texas (Laredo/Rio Grande Border), SE Texas (Beaumont) plus a couple of other areas were joint ventures between Time Warner and TCI (later AT&T now Comcast). It goes back to when Houston, KC and some of these other areas had two systems serving them (parts of Houston had TCI, others had TW - of course it goes back to Storer and Warner Amex cable, but I digress...). The two companies put together a joint venture (JC) so that the markets weren't split; the result was a 50-50 venture with TW doing the Day-to-Day operations (Comcast just sat back and absorbed the profits...).

As of June XX this year, the JV could be broken up, but the rules of the breakup were like this: either party could dissolve the JV, but the party requesting the dissolution, had to divide up all of the assets of the JV, including debt; the other party then got to choose which part they got. (Basically an "I cut, you pick" scenario)

Comcast requested the breakup, and they divided it up into two pools: the Houston pool (with 790,000 customers in Houston and $2Billion in debt from the JV) and the "Kansas City Pool" (with 789,000 customers in KC, Laredo, Corpus Christi, New Mexico, El Paso, and Beaumont). TW chose the KC pool, and Comcast ended up in Houston. Comcast ends up with one contiguous system (vs. the spread out systems of the rest), but also the debt (owed mostly to Comcast and TW). I'm guessing that Comcast will write off the debt owed to itself from the JV, but will still have the debt to TW.

I'm guessing once the change takes place in 2007, you may see some agressive marketing toward satellite users, since that's their competition (really not each other...).

Hope this makes sense.

Jim
 
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