Word: comcasts
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...weapon to defend against hostile takeovers," says Burton Malkiel, dean of the Yale School of Organization and Management. Directors of Storer Communications, a major cable-TV operator, voted last summer to take the company private for $93.50 a share, rather than accept a $95-to-$96 bid from Comcast, a smaller cable company. Revlon pursued a similar path last month when it arranged a complex $1.8 billion transaction that would break up the cosmetics firm but keep it out of the hands of Pantry Pride, a Florida retailer. Revlon suffered a setback last week when a court struck down...
...Paladins-Gamecocks game was carried live on Comcast Sports South, so I got a first-hand look at quarterback Ingle Martin and that potent Furman offense...
...least Liberty shareholders would enjoy that ride. News shareholders might do well too--but it's family control that is foremost in everyone's mind. This isn't unusual in the media world, where companies like Viacom, the New York Times, Comcast and the Washington Post are controlled by families through a special class of voting stock. In all these cases, argues analyst Richard Bilotti at Morgan Stanley, the day of reckoning may be approaching. The businesses have become much more complex, especially at global empires like News and Viacom. If any start to run their business dispassionately, with...
...business model. Gone are the five-year financial projections relied upon in the old league, which was founded on Web-like hysteria after the 1999 World Cup victory. (John Hendricks, chairman of Discovery Communications, was so "intoxicated" by the World Cup victory, he persuaded his cable brethren at Comcast, Cox and Time Warner, which owns TIME magazine, to help fund the start-up.) This time around, DiCicco says, the WUSA will rely on modest one-year figures. "Potential owners told us they're not going to believe anything we project," he explains. "They said, 'Don't waste your time...
Federal regulators may turn out to be the least of Vonage's challenges. AT&T launched its competing CallVantage service in March, Verizon rolled out VoiceWing in July, and Comcast and Time Warner Cable plan to have their offerings by the end of the year. These companies will seek to exploit Vonage's Achilles' heel. Because Vonage relies on the public Internet to route its calls, it cannot completely control traffic and its effect on call quality, says Lisa Pierce, an analyst at Forrester Research. AT&T, on the other hand, has its own network. Over time, she says, Vonage...