{"id":20200,"date":"2014-10-05T19:02:45","date_gmt":"2014-10-05T23:02:45","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=20200"},"modified":"2014-12-01T18:57:42","modified_gmt":"2014-12-01T23:57:42","slug":"time-warner-cable-4","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2014\/10\/05\/time-warner-cable-4\/","title":{"rendered":"Time Warner Cable"},"content":{"rendered":"
by Dan Watson<\/pre>\n
\"\"<\/a>
(15)<\/a><\/p><\/div>\n
 <\/p>\n
Key Executives<\/strong> (13)<\/a><\/p>\n
 <\/p>\n
\"Robert<\/a>
Robert D. Marcus
Chairman and CEO<\/p><\/div>\n
\"Arthur<\/a>
Arthur T. Minson, Jr.
EVP and CFO<\/p><\/div>\n
\"Dinesh<\/a>
Dinesh C. Jain
COO<\/p><\/div>\n
\"Ellen<\/a>
Ellen M. East
EVP and CCO<\/p><\/div>\n
 <\/p>\n
Contact<\/strong> (14)<\/a><\/p>\n
One Time Warner Center<\/p>\n
New York, NY 10019-8016<\/p>\n
212-484-8000<\/p>\n
http:\/\/www.timewarnercable.com\/en\/residential.html<\/a><\/p>\n
History<\/strong><\/span><\/p>\n
In 1992, American Television and Communications (ATC) and Warner Cable merged to become Time Warner Cable (1)<\/a>. Not long after, in 1996, they released the first cable-delivered high speed internet, called Roadrunner (1)<\/a>. Following this was the release of digital cable and video on demand in 1999, digital phone service in 2003, and then finally the \u201cTriple Play\u201d service in 2005 (1)<\/a>. In 2007, Time Warner Cable (TWC) went public, and two years later, in 2009, they separated themselves from their parent company, Time Warner Inc (1)<\/a>.<\/p>\n
About The Company<\/strong><\/span><\/p>\n
Time Warner Cable is a cable provider that offers high speed internet, digital phone services, and cable services to over 25 states, including Texas, North Carolina, and New York State (1)<\/a>. The company is subscription based, meaning customers pay a certain price per month to receive the content. Cable plans range anywhere from $20 to $50 per month, internet prices range from $35 to $65 per month, and phone service range from $10 to $20 per month (2)<\/a>. Subscribers can also choose the three service deal, which gives you video, phone, and internet for anywhere from $110 to $130 per month (2)<\/a>. As of September 30, 201, the end of their 3rd quarter, TWC has a total of 15.1 million subscribers receiving one or more of their services (1)<\/a>. 10.8 million of them are video subscribers, 11.5 million are internet subscribers, and 4.9 million of them are phone subscribers (1)<\/a>. In New York, North Carolina, and Texas, TWC provides local, all-news channels (1)<\/a>. TWC currently employs 50,000 people all over the US, including a special program that hires military veterans in areas such as technology, construction, and marketing sales (3)<\/a>. In 2013, TWC CEO Glenn Britt retired. TWC announced that the company\u2019s COO at the time, Robert D. Marcus, would proceed him. He is currently the Chairman and CEO of TWC (1)<\/a>.<\/p>\n
\"(17)\"<\/a>
(17)<\/a><\/p><\/div>\n
Financials<\/strong><\/span><\/p>\n
Time Warner Cable is a publically owned company, and is traded on the New York Stock Exchange under the symbol TWC (1)<\/a>. Currently, TWC on the New York Stock Exchange is $148.54 USD (12). Because TWC is a publically owned company, it is obligated to let the public know how it is doing, in the form of quarterly reports. The latest quarterly report, the end of the third quarter, was released on September 30th, 2014 (4)<\/a>. In the fourth quarter alone, TWC had a revenue of $5.7 billion, which was up 3.6 percent, when compared to last year\u2019s third quarter (4)<\/a>. This year to date (September 30th), the company has a total revenue of $17.1 billion, which is a 2.9% increase when compared to the same figure from last year (4)<\/a>. The report boasts the \u201cbest third-quarter customer relationship performance in six years\u201d (4)<\/a>. Services in particular, their video service continues to provide the most money out of all the other services. Their video service provided $2.5 billion, while the internet service provided $1.6 billion, and the phone service provided $476 million (4)<\/a>. One notable difference is that both the revenue of the video and phone services for the third quarter went down from last year, with the video bringing in $2.6 billion, and the phone bringing in $498 million (4)<\/a>.<\/p>\n
The Comcast, Time Warner Cable Merger<\/strong><\/span><\/p>\n
\"(16)\"<\/a>
(16)<\/a><\/p><\/div>\n
Back on February 13th, Comcast publicly announced that they wanted to by Time Warner Cable for $45.2 billion dollars (5)<\/a>. Since then, both the FCC and The United States Department of Justice have been investigating and evaluating the deal to see if they will either approve, or decline the deal. On October 8th and 9th, both company\u2019s shareholders approved of the acquisition (6)<\/a>. For TWC, more than 99% of votes from shareholders voted in favor of the deal, showing the support of the deal from the shareholders (6)<\/a>. Immediately after the announcement of the deal, there was a wave of backlash and criticism against the deal. One of the main concerns of the deal is the fact that if the deal were to go through, the ensuing company would have control of roughly 30% of the pay TV market (6)<\/a>. This company would have 33 million subscribers, leagues above any other cable provider (5)<\/a>. Because of this, people are worried that the result of this deal would have far much too control on the cable, phone, and internet markets. With such control, this company would have would have more power to raise prices (5)<\/a>. This would be because they would be the only cable provider in a lot of areas, and customers would have no other option than to pay whatever amount for that cable provider. Some are also worried that this deal could affect competition and innovation. The company could have so much control over the market, that it might deter newcomers from trying to enter the market (5)<\/a>. Because of this, there would be inherently less competition, and much less innovation, as all of the new content and technology a new company could bring to the market would be much less inclined to jump in (5)<\/a>.<\/p>\n
\"(18)\"<\/a>
(18)<\/a><\/p><\/div>\n
One of the biggest issues of the deal is the possibility of net neutrality being hurt following the completion of the deal (7)<\/a>. Net neutrality is the idea, and law, that every source on the internet is treated equally, and has the same access as any other source (7)<\/a>. This applies heavily to online streaming sites like Netflix and Hulu. Their whole, or at least majority of their business is based on their ability to stream content to subscribers via the internet. With the completion of the deal, some are worried that the cable company would have so much control, that they could create internet \u201cfast lanes\u201d, and \u201cslow lanes\u201d (7)<\/a>. In other words, Comcast\/TWC could make Netflix or Hulu pay an extra amount of money for their products to be streamed faster and in higher quality through the internet that the cable company provides its customers (7)<\/a>. President Barack Obama recently released a statement, saying that net neutrality is essential, and that any deal hindering that would hurt the economy (8)<\/a>. He also called for the FCC to create new rules regulating net neutrality (8)<\/a>. Both parties of the deal have since stated that the deal is still proceeding (9)<\/a>.<\/p>\n
\"(19)\"<\/a>
(19)<\/a><\/p><\/div>\n
One of the biggest oppositions to the deal happened in Lexington, Kentucky. Arguing over poor customer service, the city was unable to reach a new franchise agreement with TWC, and planed on denying the transfer of ownership, and looking for other cable providers (10)<\/a>. This would have proved a tough task, though, because TWC owns all of the existing cable infrastructure in the city (10)<\/a>. On November 20th, however, the city agreed to a 10 year franchise agreement with TWC, ending negotiations and backlash of the pending deal (11)<\/a>.<\/p>\n
Sources <\/strong><\/span><\/p>\n
(1) http:\/\/www.timewarnercable.com\/en\/about-us\/company-overview.html<\/a><\/p>\n
History of Time Warner Cable, DR: 11\/26\/14<\/em><\/p>\n
(2) http:\/\/www.timewarnercable.com\/en\/plans-packages\/cable-internet.html#3services<\/a><\/p>\n
Time Warner Cable, Packages and Plans, DR 11\/26\/14<\/em><\/p>\n
(3) http:\/\/jobs.timewarnercable.com\/content\/military\/<\/a><\/p>\n
Time Warner Cable, Jobs and Military, DR 11\/26\/14<\/em><\/p>\n
(4) http:\/\/ir.timewarnercable.com\/files\/2014%20Earnings\/3Q14\/aQ3-2014-TWC-Earnings-Release-FINAL_v001_a0q10j.pdf<\/a><\/p>\n
Time Warner Cable Third Quarterly Report, DR 11\/21\/14<\/em><\/p>\n
(5) http:\/\/www.washingtonpost.com\/business\/economy\/comcast-time-warner-agree-to-merge-in-45-billion-deal\/2014\/02\/13\/7b778d60-9469-11e3-84e1-27626c5ef5fb_story.html<\/a><\/p>\n
Washington Post, Comcast and TWC agree to deal, DR 11\/19\/14<\/em><\/p>\n
(6) http:\/\/online.wsj.com\/articles\/time-warner-cable-shareholders-approve-merger-deal-with-comcast-1412869575<\/a><\/p>\n
The Wall Street Journal, Shareholders Approve, DR 11\/20\/14<\/em><\/p>\n
(7) http:\/\/www.nytimes.com\/2014\/11\/15\/opinion\/why-the-fcc-should-heed-president-obama-on-internet-regulations.html?_r=0<\/a><\/p>\n
The New York Times, Net Neutrality Concerns, DR 11\/23\/14<\/em><\/p>\n
(8) http:\/\/www.usatoday.com\/story\/news\/nation\/2014\/11\/10\/obama-internet-net-neutrality\/18793429\/<\/a><\/p>\n
USA Today, Obama\u2019s Statement on Net Neutrality, DR 11\/25\/14<\/em><\/p>\n
(9) http:\/\/www.huffingtonpost.com\/2014\/11\/13\/comcast-time-warner-full-steam-ahead_n_6149068.html<\/a><\/p>\n
Huffpost, Deals moving Forward, DR 11\/24\/14<\/em><\/p>\n
(10) http:\/\/www.kentucky.com\/2014\/10\/07\/3468773_citys-action-could-kill-time-warner.html?rh=1<\/a><\/p>\n
Kentucky.com, Lexington Opposes Deal, DR 11\/19\/14<\/em><\/p>\n
(11) http:\/\/wuky.org\/post\/lexington-signs-franchise-agreement-time-warner-cable<\/a><\/p>\n
WUKY.org, Lexington Agrees to Deal, DR 11\/27\/14<\/em><\/p>\n
(12) http:\/\/www.reuters.com\/finance\/stocks\/companyProfile?symbol=TWC.N<\/a><\/p>\n
Reuters, TWC Stock Information, DR 11\/30\/14<\/em><\/p>\n
(13) http:\/\/www.timewarnercable.com\/content\/twc\/en\/about-us\/leadership\/overview.html<\/a><\/p>\n
Time Warner Cable Leadership, DR 11\/28\/14<\/em><\/p>\n
Time Warner Cable Leadership Photos, DR 11\/28\/14<\/em><\/p>\n
(14) http:\/\/www.timewarner.com\/contact-us<\/a><\/p>\n
Time Warner Cable Contacts, DR 11\/28\/14<\/em><\/p>\n
(15) http:\/\/logos.wikia.com\/wiki\/File:Time_Warner_Cable_2010.png<\/a><\/p>\n
Time Warner Cable Logo, DR 11\/30\/14<\/em><\/p>\n
(16) http:\/\/g.foolcdn.com\/editorial\/images\/144432\/comcast_twc-via-comcast-release_large.png<\/a><\/p>\n
Comcast, Time Warner Cable Image, DR 11\/30\/14<\/em><\/p>\n
(17) http:\/\/static.squarespace.com\/static\/514c6ec7e4b0f1fab133877d\/514e614fe4b0e29595febc04\/514e6178e4b045db9416cc37\/1364091272056\/?format=1000w<\/a><\/p>\n
TWC Triple Play Image, DR 11\/30\/14<\/em><\/p>\n
(18) http:\/\/cdn.arstechnica.net\/wp-content\/uploads\/2013\/09\/7362006206_ea7fa6b6f8_z.jpg<\/a><\/p>\n
Net Neutrality Under Attack Image, DR 11\/30\/14<\/em><\/p>\n
(19)\u00a0http:\/\/images.bidnessetc.com\/img\/f1e5284674fd1e360873c29337ebe2d7-president-obama-supports-net-neutrality-addresses-fcc.jpg<\/a><\/p>\n
Obama On Net Neutrality<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
by Dan Watson   Key Executives (13)     Contact (14) One Time Warner Center New York, NY 10019-8016 212-484-8000 http:\/\/www.timewarnercable.com\/en\/residential.html History In 1992, American Television and Communications (ATC) and Warner Cable merged to become Time Warner Cable (1). Not … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":370,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3062,3063],"tags":[4320,4319,4331,212,4332,965,2255,4330,4329,3704,4327,3595,4323,1711,4326,149,4315,1716,4318,4321,4325,4170,4322,4324,4317,4328,723,1654,4316,2428,1623],"_links":{"self":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/20200"}],"collection":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/users\/370"}],"replies":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/comments?post=20200"}],"version-history":[{"count":6,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/20200\/revisions"}],"predecessor-version":[{"id":23877,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/20200\/revisions\/23877"}],"wp:attachment":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/media?parent=20200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/categories?post=20200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/tags?post=20200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}