LYCOS RETRIEVER
Charter Communications: Cable
built 659 days ago
This March The Foundation will continue to work with cable affiliate partners including Adelphia, Bright House Networks, Charter Communications, Comcast, Cox Communications, Oceanic Time Warner Cable and Time Warner Cable to present 28 communities with grants of new musical instruments. In addition, VH1 Save The Music Foundation grant recipient school districts will hold in-school demonstrations to allow school officials and community members to see first-hand the positive impact music has on their students.
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In May Charter announced it would acquire Falcon Cable TV of Los Angeles for $3.6 billion. The deal would give Charter a total of about five million subscribers and move it up in the rankings from fifth to fourth largest MSO. Falcon was the eighth largest cable operator in the United States with about one million subscribers in 27 states in primarily non-urban areas. It was Charter's ninth acquisition of 1999, and certainly not its last.
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Eagle Broadband follows a number of successful WealthTV launches from myriad cities from Los Angeles, California to Stanford, Maine carried by numerous MSOs, including Charter Communications, Verizon, Armstrong, WOW, US Cable, Insight Communications, Champion Broadband, Metrocast and many others. WealthTV features a wide range of family-friendly, aspirational programs from exotic travel to entertaining and educational shows all designed to have broad appeal.
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Following his purchase of Marcus Cable, Allen bought Charter for $4.5 billion, or about $3,800 per subscriber. Allen's interest in cable properties may have been spurred by Bill Gates's $1 billion investment in 1997 in Comcast. Both Gates and Allen had developed a vision of a 'wired world,' when everyone would have a PC at home and at work and be connected by a global network. Cable was now perceived as the best way of implementing that vision by delivering high-speed services over the Internet into American homes.
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Charter ... finds itself in the middle of a highly controversial Supreme Court case revolving around the question of whether "secondary actors" like banks and other vendors can be held liable for the misdeeds of their corporate clients. The suit alleges that Charter vendors took part in a sham transaction by the cable company involving behind-the-scenes dealings. The vendors included Motorola and Scientific-Atlanta (now owned by Cisco).
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If you are an existing AOL user, you can still access all your AOL settings through Charter communications cable service. You will get fast broadband cable Internet for only $19.99 for 3 months if you order now.
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