& cplSiteName &

Cablevision Considers Bresnan Offers

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
11/7/2012
50%
50%

Welcome to the broadband and cable news roundup, Hump Day edition.

  • Cablevision Systems Corp. (NYSE: CVC) has received "unsolicited interest" in the former Bresnan Communications cable systems in the Midwestern U.S. that the MSO bought in 2010 for US$1.36 billion, Cablevision President and CEO Jim Dolan said Wednesday on the company's third-quarter earnings call, an acknowledgement that comes about three weeks after The Wall Street Journal reported it. "While it has not been our intention to divest this valuable asset, based on the approaches that we have received, we've decided to explore a potential transaction," Dolan added. Those systems, now referred to as Optimum West, serve about 360,000 subs in pockets of Montana, Colorado, Wyoming and Utah. Charter Communications Inc. , an MSO now led by former Cablevision COO Tom Rutledge, is among the parties rumored to be interested in buying those systems. (See Cablevision Might Sell Country, Stay Rock 'n' Roll and Cablevision Goes Country With Bresnan Buy.)

  • On the financial end, Cablevision posted a third-quarter loss of $3.8 million (1 cent per share) on revenues of $1.69 billion. Cablevision lost 9,600 video subs in the quarter, about half of what it lost in the year-ago period, but gained 28,000 high-speed Internet customers and 22,000 voice subs.

  • Dish Network LLC (Nasdaq: DISH) Chairman Charlie Ergen is speculating again … about his own company. On the company's third-quarter call Wednesday, Ergen said a merger between Dish and rival satellite TV company DirecTV Group Inc. (NYSE: DTV) would be a "doable deal under the current circumstances," but said no such discussions were underway, reports Multichannel News. Regulators denied an attempted DirecTV-Dish/EchoStar merger in 2002. Sanford C. Bernstein & Co. Inc. analyst Craig Moffett suggested in a research note that Dish's recent struggles would grease the skids. "Dish's weak results in the core business are in fact a selling point to regulators for a merger with a much stronger DirecTV," Moffett wrote.

  • Time Warner Cable Inc. (NYSE: TWC) is pitching free Xbox gaming consoles to new triple-play subscribers in a Holiday subscriber acquisition campaign being run in tandem with Best Buy. TW Cable is also throwing in free DVR service for one year (minus the equipment fee) and five premium movie channels (HBO, Cinemax, Starz, Showtime and The Movie Channel). The MSO, which lost 140,000 residential video subs in the third quarter, is running the promo through Jan. 5, 2013. (See TW Cable Misses Q3 Targets .)

  • The Cable Center revealed its 2013 Hall of Fame class, which will be inducted at next year's The Cable Show, set for June 10-12 in Washington, D.C.:

    — Jeff Baumgartner, Site Editor, Light Reading Cable



    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    From The Founder
    Kicking off BCE 2017, Light Reading founder Steve Saunders lays blame for NFV's slow ramp-up and urges telecom to return to old-fashioned standards building and interoperability.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    LRTV Custom TV
    The Overall Objective Is to Win the Game

    6|26|17   |     |   (0) comments


    SCTE•ISBE's Chris Bastian discusses Energy 2020's success to date and the importance of a flexible approach that allows for changes in specific strategies in order to reach significant milestones.
    LRTV Interviews
    CenturyLink: Let's Get Past SD-WAN Hype

    6|23|17   |   04:02   |   (0) comments


    Technology becomes a "shiny object" unless it's properly focused on solving business needs for enterprise customers, says Bill Grubbs, network solutions architect for CenturyLink. He explains to Light Reading why SD-WAN deployments have to be tailored to specific needs – and more.
    Women in Comms Introduction Videos
    Infinera's Sales Director Paints Tech's Big Picture

    6|21|17   |   4:14   |   (1) comment


    Shannon Williams, Infinera's director of sales, shares how she achieves work's many balancing acts -- between her role and the broader company, today and tomorrow's tech and more.
    LRTV Custom TV
    SD-WAN Innovation & Trends

    6|20|17   |     |   (0) comments


    Versa CEO Kelly Ahuja discusses with Carol Wilson the current status and trends in the SD-WAN market, Versa's innovation around building a software platform with broad contextualization, and the advantages that startups can bring to the SD-WAN market.
    LRTV Interviews
    Ovum's Dario Talmesio on 5G in Europe

    6|20|17   |   02:16   |   (0) comments


    At 5G World 2017, Dario Talmesio, principal analyst and practice leader on Ovum's fixed and mobile telecoms European team, explains the emerging trends amongst European operators as they prepare for 5G.
    LRTV Custom TV
    Putting Power on a Pedestal

    6|19|17   |     |   (0) comments


    ARRIS's John Ulm says a major accomplishment of SCTE•ISBE's Energy 2020 program is increased focus on power cost and consumption, including inclusion of energy requirements in operators' RFPs and RFIs.
    LRTV Custom TV
    Gigabit Access: The Last-Mile Pipe for All Future Services

    6|19|17   |     |   (0) comments


    A Gigabit access platform being deployed today must be able to deliver all types of services to an increasing number of devices. A non-blocking architecture is necessary to support the ever-increasing growth in bandwidth demand. The Huawei Gigabit access solution is based on a distributed design that is fully scalable to deliver a unprecedented performance.
    LRTV Custom TV
    Key Factors to Successfully Deploy an SD-WAN Service

    6|19|17   |     |   (0) comments


    As service providers transition their SD-WAN solution from trials and limited deployments into production at large scale, there are important considerations to successfully operationalize these solutions and realize their full potential, without adding complexity, introducing uncertainty or disrupting current business operations. Sunil Khandekar, CEO and Founder ...
    LRTV Custom TV
    IoT Solutions: Rational Exuberance

    6|19|17   |     |   (0) comments


    IoT solutions are morphing from hype into viable business opportunities. Huawei has the platform and ecosystem support to help carriers successfully address new business opportunities in the IoT space.
    LRTV Custom TV
    Realizing ICN as a Network Slice for Mobile Data Distribution

    6|19|17   |     |   (1) comment


    Network slicing in 5G allows the potential introduction of new network architectures such as Information-centric Networks (ICN) as a slice, managed over a shared pool of compute, storage and bandwidth resource. Services over an ICN slice can benefit from many architectural features such as Name Based Networking, Security, Multicasting, Multi-homing, Mobility, ...
    LRTV Interviews
    Ovum's Mike Roberts on 5G Uptake

    6|19|17   |   04:08   |   (0) comments


    Mike Roberts, research director for Ovum's service provider markets group, explains why he has boosted his 5G subscriptions forecast.
    LRTV Interviews
    AT&T's Hubbard on Intersection of SD-WAN & MPLS

    6|15|17   |     |   (0) comments


    Rick Hubbard, SVP of Network Product Management for AT&T Business Solutions, discusses how AT&T's approach to SD-WAN fits in with its overall virtualization strategy, explains how SD-WAN can improve enterprise customers' use of the cloud and addresses the intersection of SD-WAN and MPLS.
    Upcoming Live Events
    October 18, 2017, Colorado Convention Center - Denver, CO
    November 1, 2017, The Montcalm Marble Arch
    November 1, 2017, The Montcalm Marble Arch
    November 30, 2017, The Westin Times Square
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    Netflix's Lesson in Culture Expectation Settings
    Sarah Thomas, Director, Women in Comms, 6/21/2017
    Kalanick Steps Down as Uber CEO
    Sarah Thomas, Director, Women in Comms, 6/21/2017
    No Imagination: UK Chip Biz Goes Up for Sale
    Iain Morris, News Editor, 6/22/2017
    Does AT&T Deserve Time Warner?
    Mari Silbey, Senior Editor, Cable/Video, 6/23/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Following a recent board meeting, the New IP Agency (NIA) has a new strategy to help accelerate the adoption of NFV capabilities, explains the Agency's Founder and Secretary, Steve Saunders.
    One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
    Animals with Phones
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.