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Britt
Former Time Warner Cable CEO just picked up another $4,125,900 selling another 30,000 shares of the Time Warner Cable stock he accumulated before his retirement.
Britt’s lucrative compensation and retirement package regularly provided Britt with extra shares of company stock he is now selling off as the company contemplates its future as part of Comcast.
Despite the sale on Feb. 26, Britt still owns shares of the company valued at about $24,417,351. Britt sold 30,000 shares of company stock just two weeks ago for $4.3 million.
At the same time Britt is selling his shares, Time Warner Cable has announced rate increases amounting to an average of 6.4 percent on television and broadband service.
A new $2.25 monthly Broadcast TV Fee will also begin appearing on television customer bills this month. Time Warner Cable blamed the rate hike on increased costs.
Most of us already know we’re being screwed by isps for broadband, some are trying to screw back like my 12tb last month. But why is any fee added always horrible, besides we’re all cheap, Locals demanding kickback from providers for free ota content is where these cost from, where is the blame on local stations? Should all providers eat the cost no matter the market share or the requested amount? I’d love a breakdown showing the cost per local next to that same fee along with overhead and maintenance costs such as the sat feed of the local station,… Read more »
Breaking out broadcast TV fees is simply a political exercise to demand reform of retransmission consent rules and a change in the law to remove leverage from broadcasters. ESPN and several other sports networks cost more than most retransmission consent fees combined among all four major broadcast networks, yet they are not broken out. Equipment fees are, admit company execs, often just a hidden rate increase. That is what Glenn Britt repeatedly told shareholders about Time Warner Cable’s ever-rising cable modem fee. In virtually every case of set top boxes, customers cannot purchase their own equipment from a third party… Read more »
Phillip says: In virtually every case of set top boxes, customers cannot purchase their own equipment from a third party and the cost of the equipment keeps rising,”
Are you forgetting TiVo?
Ever try to watch a switched digital video or encrypted channel with TiVo?
Switched Digital Video: Tuning Adapter supplied by TWC
Encrypted: CableCard
Yes, they both work.
It’s mot that I am a TiVo fan, but it is one approach that some use to avoid TWCs ever increasing STB prices.
That tuning adapter will cost you money starting in 2015. You cannot purchase the device outright. Comcast charges for its tuning adapters as well. Both cable companies would love to see the end of CableCARD technology if they could get away with it.
TiVo’s monthly service fee is even more than the cost of renting most boxes from TWC.
Canadians can purchase their own DVRs and set top box equipment, or rent from the cable company. It’s their choice. Few cable companies here offer that option.
“TiVo’s monthly service fee is even more than the cost of renting most boxes from TWC.”
Ahh, that is the point that I expected you to come back with in the first place! (Though some would point out that one could purchase a “lifetime” subscription).
Another (anti-TiVo) point is that, as far as I know, you can’t access On Demand via the TiVo/CableCARDTuning Adapter “solution”.
Peace