Charter, in deal with Comcast, would become No. 2 cabler | Aereo case will have a "profound effect" on tech, Diller says | Editorial: Net neutrality plan is anything but "reasonable"
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April 28, 2014
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Charter, in deal with Comcast, would become No. 2 cabler
Charter Communications, under a series of deals tied to Comcast's proposed merger with Time Warner Cable, is set to become the nation's second-biggest cable provider. Under the proposed agreement, Charter reportedly will buy 1.4 million customers from Comcast; the two firms will trade about 1.6 million customers in Los Angeles and the Midwest; and Charter would gain a 33% share in a newly created unit that will have 2.5 million of Comcast's current customers. The agreement also includes a provision for Charter to gain a majority stake in the new unit. The New York Times (tiered subscription model)/DealBook blog (4/27), Los Angeles Times (tiered subscription model)/Company Town blog (4/28)
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Business & Industry Report
Aereo case will have a "profound effect" on tech, Diller says
IAC Chairman Barry Diller, who holds a minority stake in Aereo, pegs the service's odds of winning its Supreme Court case at 50-50. A loss for Aereo would "have a profound effect on the development of technology," Diller said in a TV interview. However, a win could lead to the startup, in conjunction with over-the-top services, competing with "the closed system of satellite or cable." Multichannel News (4/27), CNN/CNN Press Room blog (4/27)
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Editorial: Net neutrality plan is anything but "reasonable"
The Federal Communications Commission's third try at imposing Net neutrality regulations should meet the same fate as the previous versions and be struck down by a federal appeals court, according to this Wall Street Journal editorial. The public doesn't really need such protections, given existing antitrust and consumer-protection regulations. "Only in an era of super-sized government would a plan to give a politically appointed Beltway panel discretion to make ad hoc decisions on what constitutes 'reasonable' commerce be seen as ushering in an unregulated market," the editorial states. The Wall Street Journal (tiered subscription model) (4/25)
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Advertising
U.S. media sales to grow 6% this year, Magna Global predicts
Magna Global has revised its 2014 U.S. ad forecast to $168 billion in media sales, a projected 6% year-over-year increase, up from a prior prediction of $167.1 billion. General economic improvement and a series of single-run events such as the 2014 FIFA World Cup, the Sochi Olympics and the midterm political elections are expected to lead the growth. Digital is expected to grow 14.4% and social by up to 45%. Adweek (4/25)
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NAB News
Check out the 2013 NAB Television Financial Report
This comprehensive report on television station revenues and expenses in the U.S includes 81 tables that show a comparative analysis by market size, station affiliation and revenue categories. This report assists with the budgeting process and provides answers to the most challenging financial questions across the television industry. Purchase your copy today at NABStore.com.
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Legislative & Regulatory
Analysis: Congress could take action against patent trolls soon
A push to curtail patent trolls is one of five areas in which Congress could find bipartisan agreement during its spring legislative session, according to David Hawkings. Other potential areas for compromise are an "a la carte" spending bill, housing finance regulations, energy policy and tax issues, Hawkings writes. Roll Call (free content)/Hawkings Here blog (4/27)
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SmartQuote
Tact is the art of recognizing when to be big and when not to belittle."
-- Bill Copeland,
American poet
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