Cable Vet Michael Willner To Run New Media Software Firm

By | Monday September 10, 2012 @ 10:04am PDT

Michael Willner was the cable industry’s most popular CEO — and one of its most prominent representatives — up until February, when The Carlyle Group sold Insight Communications for $3B to Time Warner Cable. Now Willner and fellow … Read More »

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Analysis: Google’s $12.5B Deal For Motorola Mobility May Create Big Problems For Cable

Google To Become Mobile Handset Power With $12.5B Deal For Motorola Mobility
We can only imagine the look on Time Warner Cable CEO Glenn Britt’s face when he learned that Google agreed to pay $12.5B for Motorola Mobility. But I doubt it was a smile. The Google news didn’t simply bury TWC’s announcement today that it will pay $3B to buy Insight Communications, which includes 750,000 cable customers many of whom live in rural areas in Kentucky, Indiana, and Ohio. Executives at the highest levels of the business say that Britt reaffirmed his commitment to cable just as Google raised new questions about the prospects for pay TV. The Web giant is about to become a major force in the industry: Motorola Mobility and Cisco are pretty much a duopoly as suppliers of cable set top boxes and the software that operators use to serve them. And Google very much wants to mix Web video with traditional cable channels — a thought that petrifies many operators and programmers. The company is trying to blend the distribution channels in its Google TV service, which has mostly left consumers cold. But that could change. Credit Suisse analyst Spencer Wang says that Google has “a significant opportunity” to capitalize “not only (on) its Google TV platform, but also its ownership of YouTube.” No wonder Matthew Polka of the American Cable Association, a trade group that mostly serves small pay TV companies, says his members “will want assurances from Google that it is both committed to the cable business model and won’t use its market power to run roughshod over smaller cable operators.” Read More »

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Time Warner Cable Says It Will Pay $3B For Insight Communications

Time Warner Cable had been considered a logical buyer: It has systems near Insight’s, the No. 9 operator with 750,000 subscribers in Kentucky, Indiana, and Ohio. But the price was a sticking point. Based on Cablevision’s agreement last year to pay $1.37B for Bresnan Communications, Insight put itself up for auction in March hoping for as much as $4B. The company had taken on a lot of debt when The Carlyle Group took it private in 2005. But Insight has been struggling lately. It lost 4.4% of its cable TV customers in the year that ended in June. Several analysts who follow TWC say they like the terms: Credit Suisse’s Stefan Anninger calls the price, which includes debt, “not cheap, but not terribly expensive either.” And Wells Fargo Securities’ Marci Ryvicker says that “Insight is one way for TWC to improve operations and show growth, which has lagged its peers.” Here’s the release announcing the deal: Read More »

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Time Warner Cable In Talks To Acquire Insight Communications For $3B

By | Sunday August 14, 2011 @ 4:58pm PDT

Time Warner Cable reportedly is looking to buy Insight Communications, the nation’s ninth-largest cable operator, for about $3 billion. Bloomberg says that the deal — which is in the advanced stages of negotiations, according to sources, and could be … Read More »

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