AOL gets something done about cable.
[ Posted by Dan on August 21, 2002 | 1 Comments ]

This deal has been simmering for a long time now, and I'm glad to see they finally got something done about it...

The agreement announced Wednesday calls for AOL Time Warner to assume full ownership of TWE's content assets, including Warner Bros. and Home Box Office, as well as TWE's interests in the WB Network, Comedy Central and Court TV.

All of AOL Time Warner's cable assets, including those now owned by TWE, will be owned by a new subsidiary of AOL Time Warner called Time Warner Cable Inc.

The part about the cable assets is the part that interests me. AOL Time Warner (TW) already has about 4 million cable modem subscribers, but hasn't been very public or aggressive about increasing that number, and I think the resolution of this deal will help remedy that problem. To wit...

In another part of the deal, AT&T agreed to give 's Internet service access to its cable networks. AT&T Broadband and Comcast, which have agreed to merge to form AT&T Comcast, will make AOL High Speed Broadband available on the new entity's systems passing about 10 million homes within two years, and another nine million homes in the future.

I'd be in love if AOL bought out Adelphia's Northern Virginia operation. But I'm not very hopeful about that since Adelphia is carrying massive amounts of debt, and an IPO of this new cable entity will not be able to raise the kind of cash they would need to mitigate that debt risk (the Moody's rating would be in the shitter).

 

		Do tou know if xbox live works with Adelphia -Posted by Jose Salinas on December 28, 2002 12:42 PM

Comment posting has been turned off because I don't have enough time and will to deal with the constant comment spamming. I'm very sorry and will fix this sometime soon (soon = before 2004 ends).