Home » Comcast-Time Warner Cable » Recent Articles:

Stop the Cap! Invited to Participate in N.Y. PSC Hearings on Comcast-Time Warner Cable Merger

nys psc

The New York State Public Service Commission has invited Stop the Cap! to testify about the impact of Comcast and Time Warner Cable merging on New York State residents.

Our testimony will concentrate on an examination of whether the merger is in the best interests of consumers and customers, focusing on issues ranging from usage caps to broadband speeds and pricing and the quality of service provided by both companies. Our remarks will also include a brief overview of the impact of the merger on competition in the state and whether New York would be better served by Comcast or an independent Time Warner Cable.

We will be testifying at the hearing in Buffalo, N.Y., on Monday June 16 starting at 6pm. The public is welcome to attend and will be free to make remarks during the open forum starting at 7:30pm. We urge all New York residents to attend this hearing or others to be held in Albany and New York City. Consumers have significant weight with the New York commissioners and your comments have often derailed the agendas of telecom companies in the state (the Fire Island Verizon Voice Link fiasco, Verizon’s service improvement oversight, stopping Time Warner Cable from cutting off late-paying phone customers on nights and weekends, etc.)

comcast twcIf a sufficient number of residents voice strong concerns about the merger, there is a significant chance New York regulators could place conditions on the merger making it untenable, or could reject it outright, which could torpedo the merger nationwide.

More information from the New York Public Service Commission:

The New York State Public Service Commission will be conducting a series of informational forums and public statement hearings on the petition of Comcast Corporation and Time Warner Cable Inc. allowing Comcast to acquire Time Warner Cable.

The informational forums will consist of presentations by Comcast and other invited parties on the proposed transaction and its likely impact on consumers in New York. The Administrative Law Judge, attending Commissioner and DPS Senior Staff may ask questions of the invited speakers.

Immediately following each informational forum, there will be a public statement hearing at which interested members of the public may offer their views about the Petition in person, before an Administrative Law Judge assigned by the Commission. A verbatim transcript of each hearing will be made for inclusion in the record of the case.

The informational forums and public statement hearings will take place at the following times and places:

Monday, June 16

SUNY Buffalo
Student Union Theater
106 Student Union
Buffalo, NY

We will post driving directions to the forum next week.

Those in or near greater Rochester should contact us and let us know you are attending. We may try to arrange car pooling if there is sufficient interest.

6:00 pm: Informational Forum
7:30 pm: Public Statement Hearing

Wednesday, June 18

SUNY Albany
Performing Arts Center
1400 Washington Avenue
Albany, NY

6:00 pm: Informational Forum
7:30 pm: Public Statement Hearing

Thursday, June 19

NYS DPS Office
90 Church Street
New York, NY

6:00 pm: Informational Forum
7:30 pm: Public Statement Hearing

It is not necessary to be present at the start of the hearing or to make an appointment in advance to speak. Persons interested in speaking will be asked to complete a card requesting time to speak when they arrive at the hearing, and will be called in the order in which the cards are received.

(Cartoon: Heller, Denver Post)

(Cartoon: Heller, Denver Post)

Speakers are not required to provide written copies of their comments.

The public statement hearings will be kept open until everyone wishing to speak has been heard or other reasonable arrangements have been made to include their comments in the record.

Disabled persons requiring special accommodations should contact the Department of Public Service’s Human Resource Management Office at (518) 474-2520 as soon as possible. TDD users may request a sign language interpreter by placing a call through the New York Relay Service at 711 to reach the Department of Public Service’s Human Resource Office at the (518) 474-2520 number. Individuals with difficulty understanding or reading English are encouraged to call the Commission at 1-800-342-3377 for free language assistance services regarding this notice.

Other Ways to Comment

Internet or Mail: Those who cannot attend or prefer not to speak at a public statement hearing may comment electronically to Hon. Kathleen H. Burgess, Secretary, at [email protected] or by mail or delivery to the Secretary at the Public Service Commission, Three Empire State Plaza, Albany, New York 12223-1350. Comments should refer to “Case 14-M-0183, Petition of Comcast Corporation and Time Warner Cable Inc.”

Toll-Free Opinion Line: You may call the Commission’s Opinion Line at 1-800-335-2120. This number is set up to take comments about pending cases from in-state callers, 24 hours a day. Press “1” to leave comments, mentioning the Comcast/Time Warner merger.

All comments provided through these alternative methods should be submitted, or mailed and postmarked, no later than July 31, 2014. All such statements and comments will become part of the record and be reported to the Commission for its consideration.

All submitted comments may be accessed on the Commission’s Web site at www.dps.ny.gov, by searching Case 14-M-0183. Many libraries offer free Internet access.

New York Governor Orders Thorough Regulatory Review of Comcast-Time Warner Cable Merger

Cuomo

Cuomo

New York Gov. Andrew M. Cuomo has ordered the New York State Public Service to immediately start a thorough and detailed investigation into Comcast’s proposed purchase of Time Warner Cable, using new regulatory powers to reject any merger not in the “best interest” of Time Warner’s customers in New York.

“The State is taking a hands-on review of this merger to ensure that New Yorkers benefit,” Cuomo said. “The Public Service Commission’s actions will help protect consumers by demanding company commitments to strong service quality, affordability, and availability.”

New York implemented one of the nation’s strongest cable franchise laws in April that will now require the two cable operators to prove that any merger is in the public interest. An earlier law backed by the telecom industry put the burden of proof on the Commission to prove such transactions were not beneficial to the public.

Cuomo has requested the PSC check how the proposed merger will expand broadband in under-served areas and offer better broadband access to schools. The PSC will critically review the protections being offered to low income customers as well as how the proposed merger might impact consumer pricing and telecommunication competition overall.

PSC chair Audrey Zibelman said, “To determine whether the proposed transaction is in the public interest, the Commission will examine the proposal to ensure services the merged company would provide will be better than the service customers currently receive.”

comcast twcOne way to prove the merged company would not offer better service is to alert the Commission Comcast plans to reimpose usage caps on its customers while Time Warner Cable does not have any compulsory usage limits or usage billing.

Time Warner now serves 2.6 million subscribers in every major New York community: Buffalo, Rochester, Syracuse, Albany and the boroughs of Manhattan, Staten Island, Queens and parts of Brooklyn.

The PSC is likely to hold public forums across the state in June to hear the views of affected consumers, but the record is now open to written and telephoned comments from anyone interested in the merger.

There are several ways to provide your comments to the Commission. Comments should refer to: “Case 14-M-0183.”

Via the Internet or Mail: The public may send comments electronically to the Hon. Kathleen H. Burgess, Secretary, at [email protected] or by mail or delivery to Secretary Burgess at the New York State Public Service Commission, Three Empire State Plaza, Albany, New York 12223-1350. Comments may also be entered directly into the case file by clicking on the “Post Comments” box at the top of the page.

Toll-Free Opinion Line: Individuals may choose to phone in comments by calling the Commission’s Opinion Line at 1 800-335-2120. This line is set up to receive in-state calls 24-hours a day. These calls are not transcribed, but a summary is provided to staff who will report to the Commission.

Comcast’s Top Lobbyist Grabs $1.6 Million in Stock Sale; Still Has Shares Worth $7.7 Million

Phillip Dampier May 5, 2014 Comcast/Xfinity, Consumer News Comments Off on Comcast’s Top Lobbyist Grabs $1.6 Million in Stock Sale; Still Has Shares Worth $7.7 Million
Cohen

Cohen

Comcast’s top lobbyist and executive vice president is more than one million dollars richer after unloading 31,011 shares of Comcast stock.

David Cohen, a familiar face to those following Congressional hearings on the Comcast-Time Warner Cable merger, sold some of his shares last Thursday for an average price of $51.81 each, bringing him $1,606,679.91 in proceeds. Despite the sale, Cohen still owns 148,765 shares of Comcast worth $7.7 million.

Comcast opened this week at 52.03 on Monday. The stock had a 52-week low of $38.75 and a 52-week high of $55.28.

Cohen’s pay package for 2013:

  • Salary: $1,365,140
  • Restricted stock awards: $3,481,575
  • All other compensation: $1,264,243
  • Stock Option awards: $2,763,200
  • Non-equity incentive plan compensation: $3,003,308
  • Change in pension value and nonqualified deferred compensation earnings: $2,079,985
  • Total Compensation: $13,957,451

Search This Site:

Contributions:

Recent Comments:

Your Account:

Stop the Cap!