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Comcast Offers To Shed 3.9 Million Subscribers To Ease Cable Deal

Posted by samzenpus on from the how-about-now? dept.

An anonymous reader writes "In a bid to win regulatory approval for its proposed $45 billion takeover of Time Warner Cable, Comcast has offered to sell 1.4 million pay TV subscribers to Charter Communications for $7.3 billion. From the article: 'Comcast also said it would divest another 2.5 million subscribers into a new publicly traded company, dubbed SpinCo for now, to be one-third owned by Charter and two-thirds owned by Comcast shareholders. The deal will make Charter — whose own bid for Time Warner Cable was thwarted by Comcast's higher offer — the second-biggest U.S. pay TV company with 5.7 million customers, overtaking Cox Communications Inc.'"

4 of 154 comments (clear)

  1. Comcast users are the new currency by Anonymous Coward · · Score: 5, Funny

    To think that I was wasting money on bitcoin ... when I should have been trading Comcast users ...

  2. Don't care by Anonymous Coward · · Score: 5, Insightful

    It isn't the subscriber base. It's the control of content creation.

  3. Re:Never going to work by The+Grim+Reefer · · Score: 5, Insightful

    Until Comcast gets split into NBC and ISP again, no one will ever support them in expanding their business.

    Sure they will...

    For the right price.

  4. So can we call it an oligopoly now? by water-and-sewer · · Score: 5, Insightful

    It's ridiculous one company can just 'sell' its customers. Customers should have the choice. This is ridiculous and unfair and shows any semblance of 'regulation' of the field is a joke. Regulation in name only.

    How about if I just sell a couple of 'bought' Congressmen? Because they weren't doing much anyway, other than pissing me off.

    --
    If this were Usenet, I'd killfile the lot of you.