Cable Pioneer Says Cable Companies Should Team Up to Create
John Malone, Chairman of
Liberty Media Corp
) and former CEO of the 1970s and 1980s cable and media giant
Tele-Communications, wants the cable industry to cooperate and
create an online streaming product to compete with
John Malone, Chairman of Liberty Media. Source: trust.org
At Liberty Media's annual investor conference, Malone advocated for
cable companies to acquire content for one Internet streaming
service that all cable companies could, in turn, sell as a bundle
with broadband. He said that this would "solve the problem" of high
programming costs, a problem that Netflix overcame by growing big
enough to buy exclusive content at good prices, which the cable
industry has itself struggled to do.
For an example, he referred to
) Xfinity product. It packages high-speed Wi-Fi and streamable
content, and could be shared with competitors in the cable industry
to create a national brand. Additionally, Malone argued that this
kind of cooperation would help the cable industry take back market
share from satellite and telecom competitors.
As he said, "The cable industry has been very slow... which has
created opportunity for the over-the-top guys."
Ahead of Deadline, Verizon's New Fiber Internet Still
Unavailable to Many New Yorkers
) signed a franchise agreement with New York City's Department of
Information Technology and Telecommunications (DOITT), in which the
telecom company agreed to install high-speed fiber and make its
FIOS service available to every single resident of the city by the
summer of 2014. At the time, this contract was applauded by New
Yorkers, as it would finally bring a competitor to the ubiquitous,
and often inefficient,
Time Warner Cable
However, five years after Verizon swore to bring high-speed
Internet to all, the FiOS service has large holes in its
availability, sometimes skipping floors, buildings, or entire
blocks with seemingly no rhyme or reason. Verizon has said that
holes in coverage are the result of unaccommodating landlords.
According to a study run by public advocate and Democratic Mayoral
hopeful Bill de Blasio, only 51% of NYC households have Verizon
fiber Internet access, thought both the city and Verizon have
contested these numbers. (Verizon claims that a full 75% of the
city has full access to its high-speed service.)
Moreover, Verizon has said that once it reaches its obligation
stipulated in the 2008 agreement with the NYC DOITT, it has no
plans to continue developing the FiOS network in New York or
beyond. This statement has been used to defend its partnership with
Comcast, whereby the companies sell each others' products -- a
partnership that is often criticized as being collusive.
It is likely that Verizon will spend more of its time, money, and
energy on developing its wireless business, which offers 4G service
that can be used as Internet broadband. Moreover, because of strong
returns for the wireless business on the company's latest earnings,
analyst firms have encouraged Verizon to abandon its land lines and
the entire FiOS project so it can focus better on the more
lucrative wireless service.
BlackBerry Co-Founders May Buy the Company
According to a securities filing from earlier today, Mike Lazaridis
and Douglas Fregin, co-founders of the troubled
(BBRY), have engaged with
(GS) and Centerview Partners to get assistance with a strategic
review of their options. According to the SEC filing, the two are
"interested in pursuing a joint bid" with "the goal of stabilizing
and ultimately reinventing the company." Together, the two
co-founders own about 8% of the company's stock.
(OTCMKTS:FRFHF), the company's majority stockholder, has already
made an offer of $9 per share for a conditional takeover bid,
valuing the company at $4.7 billion.
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Minyanville Studios, a division of Minyanville Media, has a
business relationship with BlackBerry.