Posted on 02/13/2014 2:48:31 PM PST by lbryce
Earlier today, Comcast Cable announced that it agreed to acquire Time Warner Cable in a $45 billion mega-deal.
What's in it for Comcast Cable shareholders?
"This combination creates a company that delivers maximum value for our shareholders," said Comcast CEO Brian Roberts.
How are they going to do that?
The company explains in one sentence that probably has every Comcast and Time Warner Cable employee nervous.
"The transaction will generate approximately $1.5 billion in operating efficiencies and will be accretive to Comcast’s free cash flow per share while preserving balance sheet strength."
"Operating efficiencies" usually means the closing and combining offices, which also often comes with job cuts.
For now, management is doing and saying what they can to keep everyone calm.
(Excerpt) Read more at businessinsider.com ...
(Note to new Roku users: Buy the Roku 3 and hard-wire it with an Ethernet cable. Much better than Wi-Fi).
Got instructions?
From What I have always gathered. Comcast is way more expensive than Time Warner. And their service just plain sucks. You can get a fairly local time Warner Service Tech on the phone in a very reasonable amount of time. And time Warner does not cap Bandwidth.
15000 - 20000 layoffs coming up.
7,000 jobs.
LOL!!!
emloyees will be politically purged
C’mon FredomGuru, you sound like a commie. Don’t you worship corporate speak like “synergies” and realize how they make our Country progress forward?
This has zero to do with Obama.
All industries have been doing this for about 30 years. Odd how large corporations are the ones killing off capitalism.
Bye bye to consumer choices.
Oh no, freshly freed from “job lock” these income free citizens will be enjoying fully subsidised healthcare coverage.
Long live Ze Fuhrer!
I have cable modem and basic cable for 25 years and Time Warner customer service and tech support have been terrific. Never had a problem. Great service.
Unlimited long distance, clear connections and good features for $15 a month. Can’t say enough good things about it. Is NOT VOIP so no Internet connection or computer needed.
Straight Talk Wireless Home Phone
http://www.walmart.com/ip/Straight-Talk-Wireless-Home-Phone/22084643
So if this merger works and leads to thousands of new jobs then that's Obama's credit? I think not.
Not really. That’s a completely separate issue and the trends are such that I don’t expect it to be an issue. The network to your home will carry voice, video, and data and the same company will provide access to all, so there’s no benefit to giving preference to one type of data packet over another. Comcast just wants to increase its share of the bandwidth-delivery business, and buying all of TWCs customers is a good way of doing that quickly.
This is how all M&A deals are paid for - synergies achieved through combining and consolidating operations and then eliminating duplication. For example, there are two corporate headquarters now - they only need one. Guess which it will be?
God I hope this isn’t approved. Horrible cable service will become triple horrible.
Time Warner Cable has already been cutting payroll to the bone and centralizing management and now we know why - to make it attractive to sell. A lot of the cuts after the sale would be in duplication of duties.
Yep! Lots of people will lose jobs in the beginning of merger. Then about a year later the company that becomes the new Managing Bosses will start to cull the employees from the other company, “because they don’t fit the culture of the controlling company”.
Why not DirecTv. I took Comcast out and have been a happy customer ever since.
How about this sentence: ‘I haven’t had a television for nearly 25 years and I highly recommend doing the same and getting a life for all those with the TV habit.’
I thought TWC could not get worse, but it did with this deal
>>Maybe not allllllllll Clown Prince nobama but you know his degenerate business ideas, nobamacare and taxes figure in there somewhere.
Corporate mergers have cost workers their jobs since Obama was in college (wherever that was). You can blame a lot on Obama, but the loss of jobs has been on Wall St for decades. He’s just giving them the moral authority to claim that it’s now a “good thing” because the gummint will give the unemployed some health care (some day).
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