Startups
Acquisitions / Roundups

After Netflix paid Comcast, speeds improve 65% [Comcast Roundup]

"Sen. Chuck Schumer (D-NY) led the way with $35,000 from the Comcast federal political action committee (PAC) between 2009 and 2014, Sen. Patrick Leahy (D-VT) received $32,500, and Sen. Orrin Hatch (R-UT) received $30,000. These figures are the combined contributions from Comcast to the senators' campaign and leadership committees. (Schumer has recused himself from the merger hearings because his brother, a lawyer, worked on the deal.)"

  • Comcast PAC gave money to every senator examining Time Warner Cable merger [Ars Technica] “Sen. Chuck Schumer (D-NY) led the way with $35,000 from the Comcast federal political action committee (PAC) between 2009 and 2014, Sen. Patrick Leahy (D-VT) received $32,500, and Sen. Orrin Hatch (R-UT) received $30,000. These figures are the combined contributions from Comcast to the senators’ campaign and leadership committees. (Schumer has recused himself from the merger hearings because his brother, a lawyer, worked on the deal.)”
  • Comcast to list political contributions on its website [Philadelphia Inquirer]
  • Comcast execs score $30 million plus paydays [USA Today] “Roberts – leading Comcast’s proposed $45 billion buyout of cable rival Time Warner Cable – received compensation valued at $26.3 million in 2013, up 5% from 2012. That doesn’t include a $5 million gain in the value of his pension and deferred pay, Comcast says in its annual proxy. Roberts gained another $34.6 million acquiring previously awarded restricted shares and exercising stock options, Comcast says.”
  • New Comcast tower cleared for takeoff [Plan Philly]
  • Comcast’s Enemy May Be Comcast [Wall Street Journal] “Aside from some bizarre shilling for a new golf channel that would like to get on Comcast and Time Warner‘s cable systems, aside from the perfunctory consumer activist sounding his perfunctory alarm about a corporate ‘octopus,’ aside from the prairie populist song of former ‘Saturday Night Live’ comedian Al Franken, Comcast and Time Warner emerged pretty much unscathed from their encounter with the Senate Judiciary Committee last week. And why not? Even senators get the basic argument.”
  • We’ve seen this cable show before [Philadelphia Inquirer] Inquirer columnist Karen Heller’s take on Comcast heading to Congress to plead its case for a $45.2 billion merger with Time Warner Cable. “I am sorry to report that Sen. Lindsey Graham (R., S.C.) spent most of his apportioned time complaining about personal experiences as a DirecTV consumer during bad weather, and directly questioned Cohen about switching to Comcast. I am not making this up.”
  • Franken’s Campaign Against Comcast Is No Joke [New York Times] “After a failed attempt to block the Comcast-NBC Universal merger, Mr. Franken again finds himself playing a trustbusting role in Washington — against the same adversary. He has emerged as the leading congressional opponent of Comcast’s $45 billion bid to take over Time Warner Cable, a merger that would unite the nation’s two biggest cable companies.”
  • After Netflix pays Comcast, speeds improve 65% [Ars Technica] “Netflix’s decision to pay Comcast for a direct connection to the Comcast network has resulted in significantly better video streaming performance for customers of the nation’s largest broadband provider. Netflix has bemoaned the payment, asking the government to prevent Comcast from demanding such interconnection “tolls.” But there’s little doubt the interconnection has benefited consumers in the short term.”
Companies: Comcast / Netflix / Time Warner Cable
Engagement

Join the conversation!

Find news, events, jobs and people who share your interests on Technical.ly's open community Slack

Trending

How venture capital is changing, and why it matters

What company leaders need to know about the CTA and required reporting

The ‘Amazon of science stores’ and 30 other vendors strut their stuff for Philly biotech

Why the DOJ chose New Jersey for the Apple antitrust lawsuit

Technically Media