Time Warner Cable ( TWC ) is an American cable television company. Prior purchased by the Communications Charter on May 18, 2016, it ranked the second largest cable company in the United States with revenues just behind Comcast, which operates in 29 countries. Its corporate headquarters are located at Time Warner Center in Midtown Manhattan, New York City, with other corporate offices in Stamford, Connecticut; Charlotte, North Carolina; and Herndon, Virginia.
It's controlled by Warner Communications, then by Time Warner (film and television production company and cable channel operator). The company cut off cable operations in March 2009 as part of a larger restructuring. From 2009 to 2016, Time Warner Cable is an entirely independent company, continuing to use the Time Warner name under license from its former parent (including the name "Road Runner" for its Internet service, now Spectrum Internet).
In 2014, the company became the subject of a purchase proposed by Comcast Corporation, for $ 45.2 billion; However, after opposing agreements by various groups, along with plans by the US government to try to block the merger, Comcast canceled the deal in April 2015. On May 26, 2015, Charter Communications announced that it would acquire Time Warner Cable. for $ 78.7 billion, along with Bright House Networks in a separate $ 10.1 billion deal, awaiting approval from regulators.
Purchase completed on May 18, 2016; The Charter continues to do business as Time Warner Cable in its former market, but has now re-branded the operation under the Spectrum brand in most markets, although it will continue to use the email address roadrunner.com and adelphia.net email addresses to new customers.
Video Time Warner Cable
Histori
Time Warner Cable was formed in 1992 by the incorporation of Time Inc cable television company American Television and Communications Corp. (the service area that belongs to the company is under the name of Time Warner Communications; since the 1990s, who have used the name have been renamed Time Warner Cable, Bright House Networks, or have been assigned to other cable providers), and Warner Cable, a division of Warner Communications, as a result of the merger to form Time Warner; for two years after the merger, the company operates separately but under the name of the umbrella "Time Warner Cable Group" (mainly because 18% of ATC is owned by the public at the time); they merged into one entity in 1992. It also included remnants of the dead QUBE interactive TV service. In 1995, the company launched Southern Tier On-Line Community, a cable modem service which became known as Road Runner High Speed ​​Online. That year, talks began that would result in the acquisition of Paragon Cable by Warner. Glenn Britt (1949-2014) is the CEO from 2001 to December 2013.
Time Warner defended Time Warner Cable as a subsidiary until March 2009, when it went out as an independent company. Before the spin-out, Time Warner has held an 84% stake in Time Warner Cable. Non-Time Warner shareholders receive 0.083670 shares for each share already held. This move makes Time Warner Cable the largest cable operator in the United States owned by one shareholder class (without supervision stock).
Time Warner Cable launched its DVR service in the Houston area in 2004. (The TWC cable system in Houston is now owned by Comcast.) When first launched, it uses a Scientific-Atlanta set-top receiver with DVR.
In June 2009, Time Warner Cable launched a concept known as "TV Everywhere" - a tool that allows multi-platform access to live and on-demand content to content from television channels associated with the user's television subscriptions.
Sales
It was first reported in October 2013 that Time Warner Cable is exploring the company's sales, possibly to the Communications Charter. However, on November 22, 2013, reports emerged that Comcast expressed interest in acquiring Time Warner Cable. Both companies are said to place bids for the company. The Charter reaffirmed its interest in purchasing Time Warner Cable and increased its offer on January 14, 2014. On February 12, 2014, it was reported that Comcast had reached an agreement to acquire TWC in an overall deal worth $ 45.2 billion, pending approval from regulators.
The proposed merger was greeted with prominent opposition from various groups, pointing to concerns that a large combined composite size will reduce competition and will give Comcast unprecedented levels of control over the US Internet and television industry, increasing its influence in the distribution of NBCUniversal Content, hampering over-the-top services, and leading to higher prices for its services. In April 2015, it was reported that the US Justice Department is preparing to file an antitrust lawsuit against the companies in an attempt to stop the merger, especially since the merged companies will control 57 percent of the country's broadband capacity. On April 24, 2015, Comcast officially announced that they canceled the merger.
On May 25, 2015, Bloomberg News reported that the Charter "approached" an agreement to acquire TWC for $ 195 per share. The charter has been involved in the merger of Comcast/TWC, as the company plans to divest approximately 4 million subscribers to the Charter to reduce the combined company market share to an acceptable level. The next day, Charter officially announced its intention to acquire Time Warner Cable in a deal worth $ 78.7 billion, and confirmed that it would also proceed with the $ 10.1 billion acquisition of Bright House Networks. The deal is subject to regulatory approval, although due to the relatively smaller size of the companies and their media ownership, the deal is expected to face less resistance than the Comcast/TWC merger.
This acquisition was completed on May 18, 2016. The Time Warner Cable brand has been removed for the sake of Spectrum, a brand used by Charter to market its services.
Maps Time Warner Cable
Housing services
By the second quarter of 2009, there were 14.6 million base cable subscribers, 8.8 million digital cable subscribers, 8.7 million residential Road Runner customers, 2.5 million DVR subscribers and 4.5 million residential Digital Telephone subscribers, which made it the five largest landline phone providers in the United States.
Business services
In 2013, Time Warner Cable's business division has the second-largest business facing business with revenue (cable providers offering business services), with $ 1.7 billion in revenue in the third quarter of 2013. Total revenue for 2012 is $ 1.9 billion.
Cable Internet service
Name rights
Current
Arena
Spectrum Center, formerly Time Warner Cable Arena, is located in Charlotte, North Carolina, home of the NBA's Charlotte Hornets. In April 2008, the Bobcats at that time reached a rights naming agreement with Time Warner Cable, the major cable television provider in the Charlotte area; the arena was named for cable providers in exchange for the rights to broadcast television rights the team, who had been on the TWC owned with Carolinas Sports Entertainment Television for the first season, failed to find much of the cable coverage in the Charlotte market outside the Time Warner System and became dark after a year, and then News 14 Carolina is limited to just the North Carolina side of the market, until the naming arena of the right deal is made. The team moved on to Fox Sports Carolinas new sub-feed Fox Sports and SportSouth (now Fox Sports Southeast) with the 2008-09 season, allowing coverage through both Carolinas. Shortly after being acquired by Charter, the arena was renamed to Spectrum Center.
Former
Fox City Stadium
On March 9, 2007, Time Warner Cable, which provides services to Northeastern Wisconsin, signed a 10-year naming rights agreement. The field is home to Wisconsin Timber Rattlers, a local small league baseball team from the Midwest League and an affiliate of Milwaukee Brewers, based in Grand Chute, a suburb of Appleton. Tim and Time Warner Cable agreed to terminate the rights deal after the 2013 season, and the venue is now known as the Neuroscience Group Field at Fox Cities Stadium, named for local neurological practice.
Acquisitions
Adelphia
On July 31, 2007, Time Warner Cable and Comcast settled an agreement to buy almost all of Adelphia's assets worth $ 17 billion. Time Warner Cable acquired 3.3 million Adelphia subscribers, up 29 percent, while Comcast earned nearly 1.7 million subscribers. Adelphia shareholders receive 16% of Time Warner Cable. Time Warner Cable went public effective February 13, 2007, and the company started trading on the New York Stock Exchange on March 1, 2007.
In addition to shared Adelphia coverage, Time Warner Cable and Comcast also agree to exchange some of their own customers to consolidate key areas. An example of this is the Los Angeles market, which is mostly covered by Comcast and Adelphia (and some areas in the region already served by TWC), now under Time Warner Cable. Philadelphia has been split between Time Warner and Comcast, with the majority of Comcast's cable subscribers. Time Warner's customers in Philadelphia were exchanged with Comcast in early 2007. Similarly, the Houston area, which is under Time Warner, is redeemed to Comcast, while Dallas metro area is converted to Time Warner (RR). In the Twin Cities, Minneapolis is Time Warner and Saint Paul is Comcast. The whole market now is Comcast.
Time Warner Cable bought NaviSite (NAVI), a company that provides cloud and hosting services, on February 1, 2011 for $ 230 million, roughly equivalent to $ 5.50 per share.
Communications Insights
On August 13, 2011, Time Warner Cable announced the purchase of Insight Communications worth $ 3 billion to acquire 760,000 Insight customers worldwide. The merger is completed February 29, 2012, and by June 2013 all Insight Communications are absorbed into Time Warner Cable.
DukeNet Communications
On October 7, 2013, Time Warner Cable announced that it has agreed to acquire DukeNet Communications LLC for $ 600 million. DukeNet provides high capacity data and bandwidth services for wireless carriers, data centers, governments, and enterprise customers in the Southeast.
Advance/Newhouse and Time Warner (Network Home Sunny Revolve)
Some of the regional cable system clusters operated by Time Warner Cable are owned by Time Warner Entertainment - Advance/Newhouse Partnership (TWEAN). In 2002, Advance/Newhouse Communications, unhappy with Time Warner Cable's operating policies in the AOL Time Warner era, forced TWEAN's partnership restructuring so that Advance/Newhouse will actively manage and operate part of the shared cable. the system equals their percentage of equity. In this setting, Advance/Newhouse enjoys the results of their actively managed system rather than just a percentage of the total revenue of the partnership. The majority of affected systems are in the Indianapolis, Tampa and Orlando markets under the Bright House Networks brand.
The value of this deal is that it enables Advance/Newhouse to more directly control their cable investment without actually undoing the TWEAN partnership, which brings several benefits through the development and influence of Time Warner purchases.
The proposed transactions by the Charter are approved, TWC and the Light House Network have been absorbed into the Charter.
Attempting with Sprint Nextel
At the end of 2005, TWC and several other cable companies formed a business with Sprint Nextel. This joint venture allows TWC customers to receive a full suite of products, connecting entertainment, information and communications services at home and outdoors. All of this is included in the new "Triple Play on the Go", similar to Triple Play but the addition of new services through Sprint Nextel.
Controversy
Bandwidth measurements
In Beaumont, Texas, during 2008, Time Warner Cable began testing a tier-based metered data package that effectively puts customers into a pricing hierarchy based on the amount of data they use. In 2009, Time Warner Cable announced that additional cities including Rochester, New York would be an additional test site. Particularly in the Rochester group has been set up to stop TWC. Several groups including Stop TWC and Stop The Cap are currently working against this effort. On April 7, 2009, then US Congressman Eric Massa asked Time Warner to abolish the stamp of broadband Internet.
Intrusion of unintentional pornographic signal and transmission
On March 16, 2010, Time Warner Cable's transmission of the Kids on Demand and Kids Pre-School on Demand channels on a system in eastern North Carolina was disrupted by a program of pay-TV adult Playboy TV channels for about two hours between 6:15 am. and 8: 15/am/EDT, in which a group of naked women talk and pose in a sexually suggestive way. This unintentional display affects Time Warner's digital cable customers in four cities east of the North Carolina cluster system, while other areas display a black screen. A Time Warner spokesman said in a statement to Raleigh CBS WRAL affiliate, "This is a technical malfunction that causes a false preview to be displayed on our children's on-demand channel, unfortunately it hit at the worst possible moment on the worst possible channel happened. "A Time Warner executive said normal monitoring procedures have no effect because mistakes only affect some areas. Customers are required to pay a small fee, and that their next bill will be reduced.
Cluster cable
- West Coast cluster
- California - Barstow, Desert City, Orange County, Los Angeles, San Bernardino, San Diego
- Hawaii (operates as Oceanic Time Warner Cable)
- Midwest Cluster
- Kansas - Kansas City, Overland Park, Olathe, Shawnee
- Missouri - Kansas City, Independence, Lee's Peak
- Nebraska
- Ohio - Akron, Bowling Green/Northern Baltimore, Canton, Cincinnati, Cleveland, Columbus, Dayton, Findlay/Lima, and Youngstown
- Kentucky - Lexington, Louisville, North Kentucky, Ashland
- Pennsylvania - Erie County, Sharon, Franklin
- Wisconsin - Green Bay and Milwaukee
- Northeast cluster
- Maine
- New Hampshire - Berlin, Keene
- Massachusetts - Athol, Pittsfield
- Upper New York
- Cluster Carolinas
- North Carolina - Charlotte, Raleigh, Greensboro, and Wilmington
- South Carolina - Columbia, Sumter, Florence, Summerville, Hilton Head, and Myrtle Beach.
- New York cluster
- New Jersey - Bergen County, Hudson County
- New York - New York City (Manhattan, Queens, Staten Island, mostly western Brooklyn); Mount Vernon (Westchester County, another area is Cablevision)
- Texas cluster
- Texas - Arlington, Austin, Beaumont/Port Arthur, Corpus Christi, Dallas, El Paso, Harlingen, Killeen/Temple, Laredo, Rio Grande Valley, San Antonio, Waco and Wichita Falls
- by chance, the Irving-Grapevine-Coppell-Lewisville cluster has been under the control of Time Warner Cable after the acquisition of Paragon Cable. This is before the full absorption of AT & amp; Broadband on that cluster.
- Texas - Arlington, Austin, Beaumont/Port Arthur, Corpus Christi, Dallas, El Paso, Harlingen, Killeen/Temple, Laredo, Rio Grande Valley, San Antonio, Waco and Wichita Falls
- Not in groups ( National )
- Alabama - Dothan, Enterprise
- Arizona - Yuma
- California - El Centro
- Colorado - Gunnison, Telluride
- Idaho - Coeur d'Alene, Moscow
- Indiana - Terre Haute
- Virginia
- Washington - Pullman
- West Virginia - Clarksburg
Division
Divisi Time Warner Cable, dari situs web resmi:
Wilayah Barat
- Wilayah Barat PAC
- Kabel Oceanic Time Warner (Hawaii)
- Kota Gurun Cable Time Warner
- Time Warner Cable San Diego
- Time Warner Cable Southern California (SoCal)
- Wilayah Midwest
- Time Warner Cable Kansas City
- Time Warner Cable Nebraska
- Time Warner Cable Northeast Ohio & amp; Pennsylvania Barat (Akron, Canton, Cleveland & amp; Youngstown; Erie County & amp; Sharon, PA)
- Time Warner Cable Mid-Ohio (Columbus)
- Time Warner Cable Southwest Ohio (Dayton; Cincinnati; Lexington, KY; Louisville, KY; Terre Haute, IN; Clarksburg, WV)
- Time Warner Cable Wisconsin (Milwaukee & amp; Green Bay)
- Wilayah Texas
- Time Warner Cable National (sistem tanpa kelompok)
Wilayah Timur
- Wilayah Timur Laut
- Time Warner Cable Albany
- Waktu Warner Cable Buffalo
- Kabel Time Warner Rochester
- Time Warner Cable Central New York/Syracuse
- Time Warner Cable New England
- Time Warner Cable New York City
- Wilayah Carolinas
- Time Warner Cable Charlotte
- Time Warner Cable Greensboro
- Time Warner Cable Eastern Carolina
- Time Warner Cable Raleigh
- Time Warner Cable South Carolina (Columbia)
- Kabel Time Warner Fayetteville/Sandhills
Bekas divisi
Dijual ke Comcast
- Time Warner Cable Houma
- Time Warner Cable Houston
- Time Warner Cable Lake City/Live Oak
- Kabel Time Warner Mid-South (Memphis, TN, AR, dan MS)
- Time Warner Cable Minnesota
- Time Warner Cable Shreveport
- Kabel Time Warner St. Augustine/Palatka
- Time Warner Cable Cape Coral/Naples
Divisions that become Light House Networks
- Time Warner Cable Central Florida
- Time Warner Cable Tampa Bay
Ratings
The American Customer Satisfaction Index (ACSI) places Time Warner Cable as one of the least favored companies in terms of customer satisfaction in 2011, 2012, 2013, and 2014.
See also
- List of US phone companies
- Spectrum Sport
References
Source of the article : Wikipedia
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