Pay-TV services delivered by companies like Comcast and Time Warner. "Must-carry" refers to requirments that cable operators provide the signals of local TV broadcasters over their systems.
Rounding out our December meeting will be two matters that were previewed yesterday.
First, the Federal Communications Commission will consider an order that would restore Internet freedom and return to the bipartisan, light-touch framework that helped America's Internet economy become the envy of the world. And unlike the previous Administration, which pushed through its Internet regulations without letting the public see what was being proposed, anyone can read my plan. It's on the Commission's website —more than three weeks before our scheduled vote.
Whether it's more fiber deployments by AT&T or T-Mobile offering fixed wireless broadband in rural areas, Charter is ready for the competition. Charter CFO Chris Winfrey said Charter was well-positioned to handle all types of competition across all infrastructures due to the continued investments it has made in its network. "We are growing against all competitors in all markets irrespective of the competitive infrastructure," Winfrey said. "And our results really demonstrate that when you compare that to the competition.
Stonepeak Infrastructure Partners said it is buying Astound Broadband, the sixth-largest US cable-TV provider, for $3.6 billion, in one of the biggest leveraged buyouts of 2020. Astound, owned by private-equity firm TPG and cable-management company Patriot Media Management, is the operator of RCN Telecom Services LLC, Grande Communications, Wave Broadband, and enTouch Systems.
Federal Communications Commission Chairman Ajit Pai announced that the items below are tentatively on the agenda for the November Open Commission Meeting scheduled for Wednesday, November 18, 2020:
At our November open meeting, the Federal Communications Commission will be considering the following items:
Moody’s Investors Service raised its rating on the cable television sector to “positive” from “negative,” fueled mainly by expected growth in broadband. Moody’s expects cash flow in the sector to rise more than 5% over the next 12-to-18 months, based on the continued rise in broadband customers due to the pandemic. Moody’s noted that cable broadband subscribers grew by about 2.5% (3.5 million customers) in Q2, and market penetration rose to 50% in the period, compared to 48% in the prior year. This despite video and voice customer declines in the 4-6% range annually.
The US Chamber of Commerce, NCTA – The Internet & Television Association, and others asked the Supreme Court to hear an appeal by Comcast on when courts can force a monopoly to do business with its rivals.
The six-hour, invitation-only event over three days will bring together nearly 1,000 industry professionals from across the U.S. for thought-provoking sessions. The goal is to help independent providers better understand the changing landscape of broadband Internet, advanced video and other technical and policy issues in a post-COVID 19 world, including in the marketplace, on Capitol Hill and at the Federal Communications Commission.
The Federal Communications Commission will hold an Open Meeting on the subjects listed below on Wednesday, Sept 30, 2020:
Trian Fund Management LP, a hedge fund known for pushing big companies to make operational and other changes, has launched an activist campaign against Comcast in a bet that the cable-TV and entertainment giant’s stock is undervalued. Trian has accumulated about 20 million shares in Comcast, for a roughly $900 million stake or about 0.4% of the company. Comcast’s market value is about $200 billion. Executives at Trian -- which was founded by Nelson Peltz, Ed Garden, and Peter May -- recently began conversations with Comcast management.