AI assistant
COMCAST CORP — Regulatory Filings 2014
Jul 11, 2014
29848_rns_2014-07-11_b566aa23-609f-4751-9e12-b3357108a6b9.zip
Regulatory Filings
Open in viewerOpens in your device viewer
Filed by Comcast Corporation
(Commission File No.: 001-32871)
Pursuant to Rule 425 of the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Time Warner Cable Inc.
Commission File No. for Registration Statement
on Form S-4 filed by Comcast Corporation: 333-194698
The following FCC Public Notice for Comcast-TWC-Charter Transactions was made available by Comcast through a link on its website:
PUBLIC NOTICE
Federal Communications Commission 445 12 th St., S.W. Washington, D.C. 20554 News Media Information 202 / 418-0500 Internet: http://www.fcc.gov TTY: 1-888-835-5322
DA 14-986
Released: July 10, 2014
COMMISSION SEEKS COMMENT ON APPLICATIONS OF COMCAST CORPORATION, TIME WARNER CABLE INC., CHARTER COMMUNICATIONS, INC., AND SPINCO TO ASSIGN AND TRANSFER CONTROL OF FCC LICENSES AND OTHER AUTHORIZATIONS
MB Docket No. 14-57
Comments/Petitions Due: August 25, 2014
Responses to Comments/Oppositions to Petitions Due: September 23, 2014
Replies to Responses/Oppositions Due: October 8, 2014
On April 8, 2014, Comcast Corporation (“Comcast”) and Time Warner Cable Inc. ( “TWC”) submitted joint applications to the Commission seeking consent to transfer control of various Commission licenses and other authorizations pursuant to Sections 214 and 310(d) of the Communications Act of 1934, as amended (“Act”) . 1 The proposed Comcast-TWC transfers, if completed, would effectuate the sale of certain cable systems and assets of TWC and its affiliates and related entities to subsidiaries or affiliates of Comcast. Additionally, in connection with the proposed Comcast-TWC transaction, Time Warner Entertainment–Advance/Newhouse Partnership (“TWE-A/N”) and Comcast have submitted applications for the transfer to Comcast of TWE-A/N’s interest in licenses and other authorizations held by Bright House Networks, LLC (“Bright House”). 2
1 See 47 U.S.C. §§ 214, 310(d); Applications of Comcast Corp. and Time Warner Cable Inc. for Consent to Transfer Control of Licenses and Authorizations, Applications and Public Interest Statement (filed Apr. 8, 2014) (“Comcast-TWC Application”).
2 Id. at 173 n.468. According to the Comcast-TWC Application, TWC holds 66.67 percent of TWE-A/N, which in turn is the sole LLC member of Bright House. Id. Advance/Newhouse Partnership — an entity in which TWC holds no legal or economic interest — holds the remaining 33.33 percent of TWE-A/N. Id. According to the Comcast-TWC Application, TWC provides to Bright House certain services, such as programming and technology support, in exchange for an annual fee but does not share in its profits and losses. Id. By contrast, according to Comcast and TWC, Advance/Newhouse Partnership exercises exclusive day-to-day management responsibility for, and de facto control over, the operation of the Bright House systems. Id.
Subsequent to the filing of the Comcast-TWC Application, on June 4, 2014, Comcast, Charter Communications, Inc. (“Charter”), and SpinCo 3 (collectively, the “Divestiture Applicants”) filed transfer applications pursuant to Sections 214 and 310(d) of the Act to effectuate a series of transactions between Comcast and Charter (collectively, the “Divestiture Transactions”). 4 The Divestiture Transactions consist of the following three transactions: (i) a sale to Charter of cable systems serving approximately 1.5 million former TWC video customers; (ii) an exchange between Comcast and Charter of cable systems serving approximately 1.5 million former TWC video customers, as well as seven cable networks affiliated with those systems, and approximately 1.6 million Charter video customers and three cable networks affiliated with those systems; and (iii) a spinoff of cable systems serving approximately 2.5 million legacy Comcast video customers into SpinCo, which will operate as a new, publicly traded cable company. 5 According to the parties, the Divestiture Transactions would result in a net reduction of approximately 3.9 million residential video customers for the combined Comcast and TWC. 6 In addition, on June 5, 2014, Comcast and TWC submitted a joint letter updating figures, maps, tables, and statements in the Comcast-TWC Application in light of the proposed Divestiture Transactions. 7 In the letter, the parties formally request that the Commission consider and process the applications for the proposed Divestiture Transactions contemporaneously with the Comcast-TWC Application in a single pleading
3 According to Divestiture Applicants, after the close of the Comcast-TWC transaction, Comcast intends to form SpinCo, transfer to it certain cable assets and liabilities, and then spin it off to Comcast shareholders, thereby establishing a new, publicly traded cable company. Public Interest Statement of SpinCo, Charter Communications, Inc., and Comcast Corporation, Spin Transaction, MB Docket No. 14-57 (June 4, 2014) (“SpinCo Public Interest Statement”) at 5.
4 See 47 U.S.C. §§ 214, 310(d); Public Interest Statement of Comcast Corporation and Charter Communications, Inc., Charter-to-Comcast Exchange Transaction , MB Docket No. 14-57 (June 4, 2014) (“Charter-to-Comcast Exchange Public Interest Statement”); Public Interest Statement of Charter Communications, Inc. and Comcast Corporation, Comcast-to-Charter Exchange and Sale Transactions , MB Docket No. 14-57 (June 4, 2014) (“Comcast-to-Charter Sale/Exchange Public Interest Statement”); SpinCo Public Interest Statement.
5 See Letter from Kathryn A. Zachem, Senior Vice President, Regulatory and State Legislative Affairs, Comcast Corp. and Steven Teplitz, Senior Vice President, Government Relations, Time Warner Cable Inc., to Marlene H. Dortch, Secretary, FCC, MB Docket No. 14-57 (June 5, 2014) (“Comcast-TWC Supplement Letter”) at 2.
6 Id. at 2-3. According to Comcast and TWC, t he proposed Divestiture Transactions, if completed, would achieve Comcast’s stated intention in the Comcast-TWC Application to reduce its post-transaction national share of managed residential video subscribers below 30 percent. See id. at 1; Comcast-TWC Application at 7. Comcast’s calculation of its post-transaction share of managed residential video subscribers does not include its acquisition of TWC’s attributable interest in cable systems managed by Bright House or any other attributable ownership interests where Comcast does not manage the systems. See Letter from Kathryn A. Zachem, Senior Vice President, Regulatory and State Legislative Affairs, Comcast Corp., Catherine Bohigian, Executive Vice President, Government Affairs, Charter Communications, Inc., and Steven Teplitz, Senior Vice President, Government Relations, Time Warner Cable Inc., to Marlene H. Dortch, Secretary, FCC, MB Docket No. 14-57 (June 24, 2014) (“June 24, 2014 Supplement Letter”) at 9-12. In addition, Charter currently serves approximately 4.2 million residential video customers; however, following the Divestiture Transactions, it will own, or provide services under contract to, cable systems serving approximately 8.3 million video customers. Comcast-to-Charter Sale/Exchange Public Interest Statement at 1-2; June 24, 2014 Supplement Letter at 3.
7 See Comcast-TWC Supplement Letter at 3-8. According to Comcast and TWC, the Divestiture transactions “do not alter any material aspect of the Comcast-TWC transaction or the applications related to that transaction.” Id. at 1.
2
cycle. 8 On June 24, 2014, Comcast, Charter, and TWC submitted a letter to provide additional data and information about Comcast, Charter, and SpinCo, as well as Bright House, following the Comcast-TWC transaction and the Divestiture Transactions. 9
We seek comment from interested persons to assist the Commission in its independent review of all proposed transfers of licenses and other authorizations referred to in this Public Notice. 10 The details of the proposed transfers and the procedures on how to file petitions to deny and comments are set forth below.
DESCRIPTION OF THE PROPOSED TRANSACTIONS
According to the Comcast-TWC Application, Comcast has entered into an agreement with TWC whereby Comcast will acquire 100 percent of TWC’s equity in exchange for shares of Comcast Class A stock. 11 Comcast and TWC state that the proposed transaction is a straightforward acquisition of TWC, and that Comcast plans to retain all of TWC’s existing assets, subject to divestitures of cable systems totaling approximately 3.9 million video subscribers. 12 According to the Comcast-TWC Application, at the closing of the transaction, Tango Acquisition Sub, Inc. (“TAS”), a new direct wholly owned subsidiary of Comcast, will merge with TWC under Delaware law. 13 At that time, the separate corporate existence of TAS will cease and, thereafter, TWC will be a wholly owned subsidiary of Comcast. 14
8 Id. at 2. Comcast and TWC note that the closing of the Comcast-TWC transaction is a pre-condition to the Divestiture Transactions and therefore request that the Commission grant approvals for the Comcast-TWC transaction and the Divestiture Transactions at the same time. Id. at 2 n.4. They also state that, should the closing of the Divestiture Transactions be delayed, or should it fail to occur, Comcast may need the ability to own all of the TWC systems for a period of 12 to 18 months following the closing of the Comcast-TWC transaction in order to complete divestiture in the least disruptive manner. Id.
9 See June 24, 2014 Supplement Letter.
10 A list of the licenses and authorizations subject to the filed applications is included in the Attachment to this Public Notice.
11 Comcast-TWC Application at 7.
12 Id. ; Comcast-TWC Supplement Letter at 3. Comcast is currently the largest multichannel video programming distributor (“MVPD”) in the United States and owns and operates cable systems serving approximately 22.6 million video customers. See Comcast-TWC Application at 8; June 24, 2014 Supplement Letter at 2. TWC is the fourth-largest MVPD in the United States, serving approximately 11.4 million video customers. Comcast-TWC Application at 14. Following all of the proposed transactions, including divestitures, Comcast would serve approximately 29.8 million managed video subscribers (or less than 30 percent of MVPD subscribers nationwide). June 24, 2014 Supplement Letter at 2. Moreover, following the Divestiture Transactions, Comcast would operate in 16 of the top 20 Designated Market Areas, the same number as it does today. Comcast-TWC Supplement Letter at 3 . In addition to its 29.8 million managed video subscribers post-transaction, as noted above, Comcast will acquire TWC’s attributable interest in cable systems managed by Bright House. According to the applicants, following the proposed transactions, Bright House will serve approximately 2.1 million video subscribers. June 24, 2014 Supplement Letter at 12.
13 Comcast-TWC Application at 7.
14 Id.
3
Contemporaneously with the merger, each TWC share will be converted into the right for TWC stockholders to receive 2.875 shares of Comcast Class A stock. 15
In addition, TWE-A/N and Comcast have submitted applications in connection with the proposed Comcast-TWC transaction to transfer control from TWC to Comcast of certain licenses and other authorizations held by Bright House. According to Comcast and TWC, the Comcast-TWC transaction will technically effect a transfer of TWC’s indirect legal interest in Bright House to Comcast. 16 Comcast states that it has yet to determine the exact parameters of its post-transaction relationship with Bright House; 17 however, according to Comcast and TWC, Advance/Newhouse Partnership, and not TWC, currently has, and will retain, all day-to-day managerial control over, and all economic interest in, the licenses and other authorizations held by Bright House. 18
As noted above, Comcast, Charter, and SpinCo have submitted the Divestiture Transactions, pursuant to which Comcast will sell, exchange, and spin off cable systems resulting in a net reduction of approximately 3.9 million residential video customers and the establishment of SpinCo as a new, publicly traded cable company. 19 According to the SpinCo Public Interest Statement, SpinCo will operate as an independent cable company serving customers in eleven states. 20 As part of the SpinCo transaction, Charter will form a holding company (“New Charter”) and, at the closing of the transaction, a direct, wholly owned subsidiary of New Charter (“Merger Sub 2”) will merge with SpinCo and then cease to exist as a separate corporate entity. 21 As a result, Charter will acquire an approximate 33 percent interest in SpinCo, which it will obtain from Comcast shareholders (including former TWC shareholders) in exchange for Charter stock representing an approximate 13 percent stake in Charter (as of the time the SpinCo transaction was announced). 22 Comcast shareholders (including former TWC shareholders) will hold the remaining 67 percent interest in SpinCo. 23 According to the SpinCo Public Interest Statement, SpinCo will have a nine-person board of directors, with six independent directors and three directors designated by Charter. 24 Comcast states that it will have no ownership interest in, or management or control of, SpinCo after the spinoff is complete. 25 In addition, for the first eight years thereafter, Comcast
15 Id.
16 See supra note 2 (discussing the nature of TWC’s ownership interest in Bright House).
17 June 24, 2014 Supplement Letter at 11.
18 Comcast-TWC Application at 173 n.468. Comcast and TWC have therefore sought pro forma treatment for the Bright House transfer applications.
19 Comcast-to-Charter Sale/Exchange Public Interest Statement at 5. At least initially, SpinCo will be named “Midwest Cable LLC.” SpinCo Public Interest Statement at 1.
20 Id. at 5.
21 Id. at 6.
22 Id. at 3.
23 Id. at 3.
24 Id. at 3-4.
25 SpinCo Public Interest Statement at 1.
4
will be prohibited from owning more than one percent of SpinCo’s shares. 26 The SpinCo Public Interest Statement states that Charter will be prohibited from increasing its stake in SpinCo for the first two years post-closing and, absent approval from SpinCo’s non-Charter directors or its non-Charter shareholders, Charter will be prohibited from owning more than 49 percent of the company for the first four years. 27 Finally, Charter will make an array of services available to SpinCo pursuant to a three-year services agreement (with automatic one-year renewals unless terminated by either party), in exchange for which, SpinCo will make quarterly payments to Charter equal to 4.25 percent of SpinCo’s quarterly gross revenues, plus the cost of the services rendered. 28
In their application, Comcast and TWC assert that the proposed Comcast-TWC transaction will generate substantial public interest benefits that would not occur as broadly or as rapidly absent the transaction. 29 In particular, Comcast and TWC assert that efficiencies and synergies flowing from the transaction will allow the combined company to “forge a faster path to all-digital systems, higher broadband speeds, more advanced video and voice services, a more secure network, better system reliability, and other benefits to consumers, businesses, and the public interest generally.” 30 According to Comcast and TWC, following completion of the several proposed transactions, Comcast will expand its video subscriber base by approximately seven million customers and will reach additional markets in which it previously had limited or no presence (e.g., New York City, Los Angeles, and Dallas-Fort Worth). 31 Comcast and TWC assert that TWC customers, in particular, will benefit from the substantial upgrades that Comcast intends to make to the TWC network. 32 In addition, Comcast commits to extending its low-income broadband adoption program — known as “Internet Essentials” — throughout the territories that it is acquiring. 33 Moreover, Comcast also commits to extending to those territories many of the commitments and conditions that it is bound by under the Comcast-NBCU Order , 34
26 Id.
27 Id. at 4.
28 Id. at 3-4. In conjunction with the services agreement between SpinCo and Charter, there will be a temporary transition services agreement between SpinCo and Comcast to ensure that customers moving from Comcast to SpinCo experience minimal service disruption. Id. at 3.
29 Comcast-TWC Application at 23-28.
30 Id. at 28.
31 Id. at 25-26; Comcast-TWC Supplement Letter at 3. Comcast and TWC also note that the acquisition of TWC systems will provide Comcast with access to several markets that are clustered near its existing markets (e.g., in Georgia, South Carolina, North Carolina, and Virginia). Comcast-TWC Application at 26.
32 Specifically, Comcast commits to “adding substantial incremental investment to what TWC had planned for broadband upgrades and enhancements over the next three years.” Id. at 28.
33 Id. at 59-66; Comcast-TWC Supplement Letter at 6.
34 See Applications of Comcast Corporation, General Electric Company and NBC Universal, Inc. for Consent to Assign Licenses and Transfer Control of Licensees, Memorandum Opinion and Order, 26 FCC Rcd 4238 (2011) (“ Comcast-NBCU Order ”).
5
including, among others, its commitment to comply with the Commission’s Open Internet rules and its commitment to offer broadband service on a standalone basis. 35
Divestiture Applicants assert that the Divestiture Transactions will not reduce — and in some cases will enhance — the public interest benefits detailed in the Comcast-TWC Application. 36 In particular, they assert that the Divestiture Transactions will allow them to better rationalize their geographic footprints by filling in gaps within the existing Comcast and Charter footprints. 37 Divestiture Applicants contend that such clustering of systems will, among other things, facilitate investment in and deployment of advanced services, 38 produce opportunities for operational and marketing efficiencies, 39 improve their ability to provide customer service, 40 and strengthen their ability to compete with incumbent local exchange carriers and other competitors that operate on a regional or super-regional scale. 41 Moreover, they contend that Charter’s acquisition of cable systems will provide it with increased scale that is likely to enhance many of these benefits for Charter customers. 42 In addition, Divestiture Applicants assert that Charter customers being acquired by Comcast will enjoy many of the same benefits as TWC customers being acquired in the Comcast-TWC transaction, including, among others, the
35 Comcast-TWC Application at 106-20; Comcast-TWC Supplement Letter at 6. Comcast and TWC state that Comcast is now the only company legally bound by the no-blocking and non-discrimination rules in the Open Internet Order , following the recent court decision vacating those rules, and that the transaction therefore will spread the reach of those protections to millions of additional customers. Id. at 59; see also Preserving the Open Internet , Report and Order, 25 FCC Rcd 17905 (2010) (“ Open Internet Order ”), aff'd in part, vacated and remanded in part sub nom. Verizon v. FCC , 740 F.3d 623 (D.C. Cir. 2014).
36 In their supplemental declaration filed with the Charter-to-Comcast Exchange Public Interest Statement, Drs. Gregory L. Rosston and Michael D. Topper conclude that the public interest benefits related to scale that were identified in the Comcast-TWC Application remain valid because the divestitures are only “slightly larger” than the level (3 million) they previously assumed and calculated into their original analysis. See Rosston and Topper, An Economic Analysis of the Proposed Comcast Divestiture Transactions with Charter (June 4, 2014) at 2, ¶ 5.
37 Charter-to-Comcast Exchange Public Interest Statement at 5-10; Comcast-to-Charter Sale/Exchange Public Interest Statement at 7-10; SpinCo Public Interest Statement at 10-14. Specifically, Comcast will fill gaps in its footprint in portions of the Northeast (New England and New York), the Southeast (Virginia, Tennessee, North Carolina, and Georgia), Texas, and the West Coast (California, Oregon, and Washington). Charter-to-Comcast Exchange Public Interest Statement at 5. By contrast, post-transaction Charter and SpinCo will each have a sizeable presence in parts of the Midwest and the Southeast not served by Comcast. Comcast-to-Charter Sale/Exchange Public Interest Statement at 7; SpinCo Public Interest Statement at 1, 5.
38 Charter-to-Comcast Exchange Public Interest Statement at 7-8; Comcast-to-Charter Sale/Exchange Public Interest Statement at 9-10; SpinCo Public Interest Statement at 12, 15-16.
39 Charter-to-Comcast Exchange Public Interest Statement at 9-10; Comcast-to-Charter Sale/Exchange Public Interest Statement at 8-9; SpinCo Public Interest Statement at 10-12.
40 Charter-to-Comcast Exchange Public Interest Statement at 8; Comcast-to-Charter Sale/Exchange Public Interest Statement at 10; SpinCo Public Interest Statement at 12.
41 Charter-to-Comcast Exchange Public Interest Statement at 8-9; Comcast-to-Charter Sale/Exchange Public Interest Statement at 7-9, 14-16; SpinCo Public Interest Statement at 16-17.
42 Comcast-to-Charter Sale/Exchange Public Interest Statement at 10-17. Charter states that it “anticipates investing substantially in the TWC infrastructure” to bring advanced services to the acquired TWC systems. Id. at 12-14.
6
extension of Comcast’s conditions and commitments from the NBCUniversal transaction. 43 Divestiture Applicants further assert that SpinCo — with nearly 2.5 million video subscribers — will have sufficient scale post-transaction to compete as a standalone company, and through its services agreement with Charter, it will provide its customers with access to Charter’s industry-leading broadband products and services. 44
In addition to the affirmative public interest benefits set forth in their application, Comcast and TWC assert that the proposed Comcast-TWC transaction will not result in any public interest harms. Comcast and TWC contend that, because their two companies serve almost entirely distinct geographic areas, the transaction will reduce neither competition nor consumer choice among broadband, video, or voice providers. 45 In addition, Comcast and TWC contend that Comcast’s increased scale as a buyer of video programming will not cause competitive harm because, following the Divestiture Transactions, Comcast will manage systems serving fewer than 30 percent of the total MVPD subscribers in the United States. 46 Comcast and TWC further argue that, given consumer demand for edge provider offerings, as well as the competitive nature of the broadband market, the combined company will have neither the incentive nor the ability to restrict access to its high-speed Internet customers. 47 Finally, Comcast and TWC assert that the transaction complies fully with the Communications Act and all Commission rules. 48
Divestiture Applicants similarly contend that the Divestiture Transactions will not create any public interest harms. In particular, they assert that Comcast, TWC, and Charter each serve distinct geographic markets today, and therefore the Divestiture Transactions — like the Comcast-TWC transaction — will not reduce the number of competitive choices for consumers. 49 In addition, they assert that the Divestiture Transactions do not pose any vertical integration concerns as no national
43 Charter-to-Comcast Exchange Public Interest Statement at 10-12.
44 SpinCo Public Interest Statement at 14.
45 Comcast-TWC Application at 138. Comcast and TWC state that, after taking into account the Divestiture Transactions, there is an overlap of approximately 780 residential or small- or medium-sized business customers, and approximately 190 business customers, in the two companies’ service areas. Comcast-TWC Supplement Letter at 4-5.
46 Comcast-TWC Application at 143; Comcast-TWC Supplement Letter at 3. Comcast and TWC note that 30 percent had previously been identified by the Commission as the appropriate threshold for its cable ownership cap, but that the U.S. Court of Appeals for the District of Columbia twice rejected a 30 percent cap, most recently in 2009. Comcast-TWC Application at 143-44 (citing Comcast Corp. v. FCC , 579 F.3d 1 (D.C. Cir. 2009); Time Warner Entm’t Co. v. FCC , 240 F.3d 1126 (D.C. Cir. 2001)).
47 Comcast-TWC Application at 156-64.
48 Id. at 171-73.
49 Charter-to-Comcast Exchange Public Interest Statement at 12-13; Comcast-to-Charter Sale/Exchange Public Interest Statement at 18; SpinCo Public Interest Statement at 20. Divestiture Applicants note that approximately 2,800 Comcast residential or small- or medium-sized business customers are located in Charter’s service areas (and the number of Charter customers in Comcast service areas is similar), as well as approximately 1,500 TWC residential or small- or medium-sized business customers located in Charter’s service areas (and 790 Charter customers in TWC service areas). Charter-to-Comcast Exchange Public Interest Statement at 13 n.31.
7
programming assets will be changing hands. 50 Moreover, they argue that Comcast’s enhanced regional presence following its acquisition of Charter systems will not increase its incentive or ability to withhold programming, or to demand higher prices, because Comcast will see only modest increases in subscriber share within the footprints of its affiliated O&O broadcast stations and its English-language RSNs. 51
The Divestiture Applicants also state that the Divestiture Transactions will not result in the violation of any provision of the Communications Act or the Commission’s rules. 52 In addition, Comcast notes that Charter has received a waiver of the Commission’s navigation device “integration ban,” which expires on April 18, 2015, with respect to the navigation devices currently deployed on the Charter cable systems that Comcast is acquiring. 53 Comcast requests that the Commission grant it the benefit of the waiver through April 18, 2016 to give Comcast sufficient time to integrate the systems into its network and to migrate them to a new security solution. 54 Comcast explains that its waiver request is limited to the integrated set-top boxes that Charter will have already deployed at the time of the transaction and Comcast commits that it “will not deploy any new integrated set-top boxes in the acquired systems or in any other Comcast system after the transaction is completed.” 55
ASSIGNMENT AND TRANSFER OF CONTROL APPLICATIONS
The file numbers and call signs of the Comcast, TWC, and Charter facilities that are the subject of the assignment and transfer of control applications are listed in the Attachment to this Public Notice. 56 Interested parties should refer to the assignment and transfer of control applications for a listing of the licenses. Parties should be aware that additional applications may have to be filed to identify any additional licenses and other authorizations in the services noted. Comcast and TWC have requested that the
50 Id. at 13; Comcast-to-Charter Sale/Exchange Public Interest Statement at 19-20; SpinCo Public Interest Statement at 21. Divestiture Applicants note that a total of twelve local or regional programming networks — including four regional sports networks (“RSNs”) — will be changing hands but argue that the potential loss of subscriber revenue, along with the Commission’s program access rules, should adequately address any theoretical concerns that they would withhold such programming. Id.
51 Charter-to-Comcast Exchange Public Interest Statement at 14-15. In addition, Divestiture Applicants assert that the modest share of Charter subscribers that Comcast will acquire in certain large DMAs (e.g., New York, Los Angeles, and Dallas-Fort Worth) will not significantly increase Comcast’s purchasing power. Id. at 16.
52 Id. at 18; Comcast-to-Charter Sale/Exchange Public Interest Statement at 20; SpinCo Public Interest Statement at 21.
53 See Charter-to-Comcast Exchange Public Interest Statement at 18 (citing Charter Commc’ns, Inc., Request for Waiver of Section 76.1204(a)(1) of the Commission’s Rules, Memorandum Opinion and Order, 28 FCC Rcd 5212 (2013)).
54 Charter-to-Comcast Exchange Public Interest Statement at 18.
55 Letter from Kathryn A. Zachem, Senior Vice President, Regulatory and State Legislative Affairs, Comcast, to Marlene H. Dortch, Secretary, FCC, MB Docket No. 14-57 (July 2, 2014), at 1. Comcast notes that a waiver will give it “sufficient time to migrate the integrated boxes at issue to a compliant security solution consistent with Comcast’s security plans across its footprint, or pursue other measures to achieve compliance in the acquired system, by April 18, 2016.” Id. at 2.
56 File numbers and call signs for Bright House facilities that are subject to applications for pro forma transfer of control also are listed in the Attachment.
8
Commission’s grant of consent to the transfer of control of the licenses and other authorizations include the authority for Comcast to acquire control of: (1) any licenses and other authorizations issued to TWC or to its subsidiaries or affiliates during the Commission’s consideration of the applications and the period required for the consummation of the proposed transaction following approval; and (2) applications that will have been filed by TWC or its subsidiaries or its affiliates and that are pending at the time of consummation of the proposed transaction. 57
EX PARTE STATUS OF THIS PROCEEDING
Pursuant to section 1.1200(a) of the Commission’s rules, 58 the Commission may in its discretion modify the ex parte procedures in particular proceedings if the public interest so requires. As we have previously announced, these applications will be governed by the permit-but-disclose ex parte procedures that are applicable to non-restricted proceedings under section 1.1206 of the Commission’s rules. 59 Parties making oral ex parte presentations are reminded that they must file notices of the presentations which must contain, with regard to material already in the written record, either a succinct summary of the matters discussed or a citation to the page or paragraph number in the party’s written submission(s) where the matters discussed can be found, and with regard to any new information, a summary of the new data and arguments presented. Memoranda must contain a summary of the substance of the ex parte presentation and not merely a listing of the subjects discussed. More than a one or two sentence description of the views and arguments presented is generally required. All of the disclosure requirements pertaining to oral and written ex parte presentations are set forth in section 1.1206(b). 60 Requests for exemptions from the disclosure requirements pursuant to section 1.1204(a)(9) 61 may be made to Jonathan Sallet at (202) 418-1700 or Hillary Burchuk (202) 418-1719.
REQUESTS FOR EX PARTE MEETINGS
All requests for meetings with Commission staff regarding this Docket should be made on-line, using the link at http://transition.fcc.gov/transaction/comcast-twc_exparte-meeting-request . Those who lack Internet access may direct their requests to Vanessa Lemmé , Media Bureau, (202) 418-2611.
GENERAL INFORMATION
The applications for assignment and transfer of control of the licenses and other authorizations referred to in this Public Notice have been accepted for filing upon initial review. The Commission reserves the right to return any application if, upon further examination, it is determined to be defective and not in conformance with the Commission’s rules, regulations, or policies.
57 Comcast-TWC Application at 174. Likewise, Divestiture Applicants have made equivalent requests with respect to the Divestiture Transactions. See Comcast-to-Charter Sale/Exchange Public Interest Statement at 20-21; SpinCo Public Interest Statement at 22.
58 47 C.F.R. § 1.1200(a).
59 Id. § 1.1206; see also Commission Announces That the Applications Proposing the Transfer of Control of the Licenses and Authorizations Held by Time Warner Cable, Inc. and Its Subsidiaries to Comcast Corporation Have Been Filed and Permit-But-Disclose Ex Parte Procedures Now Apply , Public Notice, 29 FCC Rcd 3741 (2014).
60 47 C.F.R. § 1.1206(b).
61 Id. § 1.1204(a)(9).
9
Interested persons must file comments or petitions to deny the applications no later than August 25, 2014 . Responses to comments or oppositions to petitions must be filed no later than September 23, 2014 . Replies to responses or oppositions must be filed no later than October 8, 2014 . Persons and entities that file comments or petitions to deny may participate fully in the proceeding, including seeking access to any confidential and/or highly confidential information that may be filed under a protective order. 62 Persons and entities that do not file petitions to deny, however, even if they file comments, generally may not seek reconsideration of the Commission’s decision regarding the transfer of control of the licenses or other authorizations at issue or appeal a final decision to the courts. 63
To allow the Commission to consider fully all substantive issues regarding the applications referred to in this Public Notice in as timely and efficient a manner as possible, petitioners and commenters should raise all issues in their initial filings. New issues may not be raised in responses or replies. 64 A party or interested person seeking to raise a new issue after the pleading cycle has closed must show good cause why it was not possible for it to have raised the issue previously. Submissions after the pleading cycle has closed that seek to raise new issues based on new facts or newly discovered facts should be filed within 15 days after such facts are discovered. Absent such a showing of good cause, any issues not timely raised may be disregarded by the Commission.
All filings concerning matters referenced in this Public Notice should refer to MB Docket No. 14-57, and if they pertain only to specific applications or matters, to the specific file numbers of the individual applications or matters as well.
Comments may be filed using the Commission’s Electronic Comment Filing System (ECFS). See Electronic Filing of Documents in Rulemaking Proceedings , 63 FR 24121 (1998).
§ Electronic Filers: Comments may be filed electronically using the Internet by accessing the ECFS: http://fjallfoss.fcc.gov/ecfs2/ .
§ Paper Filers: Parties who choose to file by paper must file an original and one copy of each filing. Filings may be sent by hand or messenger delivery, by commercial overnight courier, or by first-class or overnight U.S. Postal Service mail. All filings must be addressed to the Commission’s Secretary, Office of the Secretary, Federal Communications Commission.
§ All hand-delivered or messenger-delivered paper filings for the Commission’s Secretary must be delivered to FCC Headquarters at 445 12 th St., SW, Room TW-A325,
62 On April 4, 2014, the Media Bureau released a Joint Protective Order governing the review of both confidential information and highly confidential information submitted by applicants and others in this proceeding. Applications of Comcast Corp. and Time Warner Cable Inc. for Consent to Assign or Transfer Control of Licenses and Authorizations , Joint Protective Order, 29 FCC Rcd 3688 (2014).
63 47 U.S.C. § 405(a); 47 C.F.R. § 1.106(b)(1) (“If the petition is filed by a person who is not a party to the proceeding, it shall state with particularity the manner in which the person's interests are adversely affected by the action taken, and shall show good reason why it was not possible for him to participate in the earlier stages of the proceeding.” ) ; 47 C.F.R. . § 1.106(m); Shareholders of Tribune Co., Transferors & Sam Zell, et al. Transferees , 29 FCC Rcd 844, 847-48 ¶¶ 10-15 (2014) (discussing prerequisites for petitions to deny).
64 See Section 1.45(c) of the Commission’s Rules, 47 C.F.R. § 1.45(c).
10
Washington, DC 20554. The filing hours are 8:00 a.m. to 7:00 p.m. All hand deliveries must be held together with rubber bands or fasteners. Any envelopes and boxes must be disposed of before entering the building.
§ Commercial overnight mail (other than U.S. Postal Service Express Mail and Priority Mail) must be sent to 9300 East Hampton Drive, Capitol Heights, MD 20743.
§ U.S. Postal Service first-class, Express, and Priority mail must be addressed to 445 12 th Street, SW, Washington DC 20554.
In addition, one copy of each submission must be sent to the following:
-
T he Commission’s duplicating contractor, Best Copy and Printing, Inc., at [email protected], or (202) 488-5563 (facsimile);
-
Vanessa Lemmé, Media Bureau, at [email protected], or (202) 418-2053 (facsimile);
-
Marcia Glauberman, Media Bureau, at [email protected], or (202) 418-2053 (facsimile) ;
-
William Dever, Wireline Competition Bureau, at [email protected], or (202) 418-1234 (facsimile); and
-
Jim Bird, Office of General Counsel, at [email protected], or (202) 418-1234 (facsimile).
Any submission that is e-mailed to Best Copy and Printing and the persons listed above should include in the subject line of the e-mail: (1) MB Docket No. 14-57; (2) the name of the submitting party; and (3) a brief description or title identifying the type of document being submitted ( e.g ., MB Docket No. 14-57, Comcast Corporation, Ex Parte Notice).
People with Disabilities . To request materials in accessible formats for people with disabilities (braille, large print, electronic files, audio format), send an e-mail to [email protected] or call the Consumer & Governmental Affairs Bureau at 202-418-0530 (voice), 202-418-0432 (TTY).
Availability of Documents . Documents in this proceeding will be available for public inspection and copying during business hours at the FCC Reference Information Center, Portals II, 445 12 th Street, S.W., Room CY-A257, Washington, D.C. 20554. The documents may also be purchased from BCPI, telephone (202) 488-5300, facsimile (202) 488-5563, TTY (202) 488-5562, e-mail [email protected]. The Application is also available electronically through the Commission’s ECFS, which may be accessed on the Commission’s Internet website at http://www.fcc.gov. Additional information regarding the proposed transaction will be available on the FCC’s Office of General Counsel’s transaction website, http://www.fcc.gov/transaction/comcast-twc, which will contain an unofficial listing and electronic copies of materials in this Docket.
Further Information . For further information, contact Marcia Glauberman, Media Bureau, (202) 418-7046, or Matthew Warner , Wireline Competition Bureau, (202) 418-2419 . Press inquiries should be directed to Janice Wise, Media Bureau, (202) 418-8165. TTY: (202) 418-2555 or (888) 835-5322.
-FCC-
11
ATTACHMENT
COMCAST/TIME WARNER CABLE TRANSACTION
Part 78 – Cable Television Relay Service (CARS)
| File No. | Licensee | Call Sign |
|---|---|---|
| CAR-20140422AC-09 | Oceanic Time Warner Cable LLC | WAE-470 |
| CAR-20140422AD-09 | Oceanic Time Warner Cable LLC | WAE-478 |
| CAR-20140422AE-09 | Oceanic Time Warner Cable LLC | WAX-743 |
| CAR-20140422AF-09 | Oceanic Time Warner Cable LLC | WBM-742 |
| CAR-20140422AG-09 | Oceanic Time Warner Cable LLC | WBM-744 |
| CAR-20140422AH-09 | Oceanic Time Warner Cable LLC | WLY-376 |
| CAR-20140422AI-09 | Oceanic Time Warner Cable LLC | WLY-402 |
| CAR-20140422AJ-09 | Oceanic Time Warner Cable LLC | WLY-415 |
| CAR-20140422AK-09 | Oceanic Time Warner Cable LLC | WLY-713 |
| CAR-20140422AR-09 | Time Warner Cable Pacific West LLC | KB-60101 |
| CAR-20140422AS-09 | Time Warner Cable Pacific West LLC | KD-55007 |
| CAR-20140422AT-09 | Time Warner Cable Pacific West LLC | WAE-606 |
| CAR-20140422AU-09 | Time Warner Cable Pacific West LLC | WHZ-293 |
| CAR-20140422AV-09 | Time Warner Cable Pacific West LLC | WHZ-301 |
| CAR-20140422AW-09 | Time Warner Cable Pacific West LLC | WLY-269 |
| CAR-20140422AX-09 | Time Warner Cable Pacific West LLC | WLY-662 |
| CAR-20140422AY-09 | Time Warner Cable Pacific West LLC | WLY-893 |
| CAR-20140422AZ-09 | Time Warner Cable Pacific West LLC | WSJ-903 |
| CAR-20140422AB-09 | Time Warner Cable Midwest LLC | KD-55034 |
| CAR-20140422BD-09 | Time Warner Cable Texas LLC | KA-80623 |
| CAR-20140422AL-09 | Time Warner Cable Northeast LLC | KB-60127 |
| CAR-20140422AM-09 | Time Warner Cable Northeast LLC | KD-55003 |
| CAR-20140422AN-09 | Time Warner Cable Northeast LLC | KD-55027 |
| CAR-20140422AO-09 | Time Warner Cable Northeast LLC | KD-55031 |
| CAR-20140422AP-09 | Time Warner Cable Northeast LLC | WLY-609 |
| CAR-20140422AQ-09 | Time Warner Cable Northeast LLC | WLY-852 |
| CAR-20140422AA-09 | Time Warner Cable New York City LLC | KD-55028 |
| CAR-20140422BA-09 | Time Warner Cable Southeast LLC | KD-55024 |
| CAR-20140422BB-09 | Time Warner Cable Southeast LLC | KD-55026 |
| CAR-20140422BC-09 | Time Warner Cable Southeast LLC | WLY-235 |
Listed below are Bright House licenses subject to applications for pro forma transfer of control:
| File No. | Licensee | Call Sign |
|---|---|---|
| CAR-20140422BF-09 | Bright House Networks, LLC | WHZ-396 |
| CAR-20140422BG-09 | Bright House Networks, LLC | KA-80616 |
| CAR-20140422BH-09 | Bright House Networks, LLC | KD-55009 |
| CAR-20140422BI-09 | Bright House Networks, LLC | WHZ-652 |
| CAR-20140422BJ-09 | Bright House Networks, LLC | KD-55011 |
12
Part 25 – Satellite Communications Licenses and Registrations
Transmit/Receive Earth Station Licenses – Temporary-Fixed
| File No. | Licensee | Call Sign |
|---|---|---|
| SES-T/C-20140408-00254 | Time Warner Cable Midwest LLC | E020130 |
| E040257 | ||
| SES-T/C-20140408-00257 | Oceanic Time Warner Cable LLC | E080200 |
| SES-T/C-20140408-00259 | Time Warner Cable Northeast LLC | E020046 |
| E020162 | ||
| E030142 | ||
| E040258 | ||
| E040450 | ||
| E050253 | ||
| SES-T/C-20140408-00261 | Time Warner Cable New York City LLC | E010308 |
| SES-T/C-20140408-00264 | Time Warner Cable Southeast LLC | E020012 |
| E020045 | ||
| E070058 | ||
| E070059 | ||
| E070060 | ||
| SES-T/C-20140408-00267 | Time Warner Cable Texas LLC | E120088 |
Listed below are Bright House licenses subject to applications for pro forma transfer of control:
| File No. | Licensee | Call Sign |
|---|---|---|
| SES-T/C-20140421-00306 | Bright House Networks, LLC | E060061 |
| E060137 | ||
| E060138 | ||
| E070009 | ||
| E980521 | ||
| E990035 | ||
| Receive-Only Earth Station Registrations | ||
| File No. | Registration Holder | Call Sign |
| SES-T/C-20140408-00249 | Insight Communications Midwest, LLC | E5828 |
| E5921 | ||
| E990037 | ||
| WV66 | ||
| SES-T/C-20140408-00250 | Time Warner Cable Southeast LLC | E080034 |
| E2084 | ||
| E2362 | ||
| E2442 |
13
| E5204 | ||
|---|---|---|
| E5489 | ||
| E6407 | ||
| E860365 | ||
| E890880 | ||
| E890887 | ||
| E890889 | ||
| E890947 | ||
| E900387 | ||
| E900388 | ||
| E920351 | ||
| WB59 | ||
| WD41 | ||
| WE97 | ||
| WF74 | ||
| WG32 | ||
| WG36 | ||
| WG86 | ||
| WG89 | ||
| WH21 | ||
| WH89 | ||
| WN63 | ||
| WN78 | ||
| WR95 | ||
| WS37 | ||
| SES-T/C-20140408-00251 | Insight Kentucky Partners II, L.P. | E2091 |
| E3703 | ||
| E5074 | ||
| E6334 | ||
| SES-T/C-20140408-00253 | Time Warner Cable Enterprises LLC | E860675 |
| SES-T/C-20140408-00255 | Time Warner Cable Pacific West LLC | E050104 |
| E080189 | ||
| E2187 | ||
| E2321 | ||
| E2480 | ||
| E2983 | ||
| E3015 | ||
| E3075 | ||
| E3118 | ||
| E3198 | ||
| E3199 | ||
| E3201 | ||
| E3238 | ||
| E3293 | ||
| E4930 | ||
| E5019 | ||
| E5048 |
14
| E5057 | ||
|---|---|---|
| E5404 | ||
| E5961 | ||
| E6438 | ||
| E6474 | ||
| E6756 | ||
| E860336 | ||
| E860337 | ||
| E874223 | ||
| E880022 | ||
| E880393 | ||
| E880841 | ||
| E880852 | ||
| E881085 | ||
| E890025 | ||
| E890603 | ||
| E950223 | ||
| E960066 | ||
| E960176 | ||
| E960320 | ||
| KB62 | ||
| KB97 | ||
| KK46 | ||
| KK81 | ||
| KM99 | ||
| KP64 | ||
| KP72 | ||
| KW80 | ||
| SES-T/C-20140408-00256 | Time Warner Cable Midwest LLC | E040017 |
| E2018 | ||
| E2425 | ||
| E2426 | ||
| E2427 | ||
| E2679 | ||
| E2685 | ||
| E2985 | ||
| E3145 | ||
| E3436 | ||
| E3458 | ||
| E3505 | ||
| E3506 | ||
| E3550 | ||
| E3551 | ||
| E3952 | ||
| E4172 | ||
| E4198 | ||
| E4338 | ||
| E4341 | ||
| E4478 |
15
| E5020 |
|---|
| E5437 |
| E5498 |
| E6449 |
| E7300 |
| E860321 |
| E865184 |
| E870893 |
| E872136 |
| E873416 |
| E873418 |
| E873420 |
| E873614 |
| E880468 |
| E880888 |
| E890798 |
| E890832 |
| E900073 |
| E900577 |
| E9046 |
| E910224 |
| E9194 |
| E920186 |
| E920188 |
| E930031 |
| E930144 |
| E930196 |
| E940078 |
| E9472 |
| E950468 |
| E960299 |
| E980458 |
| KF37 |
| KY95 |
| KZ28 |
| WB50 |
| WD20 |
| WE47 |
| WF88 |
| WG76 |
| WK50 |
| WN46 |
| WN89 |
| WP20 |
| WQ55 |
| WR73 |
| WS44 |
| WT29 |
| WV36 |
16
| SES-T/C-20140408-00258 | Oceanic Time Warner Cable LLC | E6736 |
|---|---|---|
| SES-T/C-20140408-00260 | Time Warner Cable Texas LLC | E2889 |
| E890831 | ||
| E950214 | ||
| E950394 | ||
| E9530 | ||
| KP85 | ||
| KT59 | ||
| KU69 | ||
| KU72 | ||
| KY61 | ||
| SES-T/C-20140408-00262 | Time Warner Cable Northeast LLC | E000249 |
| E2075 | ||
| E2573 | ||
| E2632 | ||
| E3283 | ||
| E3533 | ||
| E3542 | ||
| E3560 | ||
| E3571 | ||
| E3824 | ||
| E4158 | ||
| E4217 | ||
| E4261 | ||
| E4384 | ||
| E4385 | ||
| E4474 | ||
| E5897 | ||
| E5905 | ||
| E6333 | ||
| E6338 | ||
| E8309 | ||
| E860969 | ||
| E870043 | ||
| E870127 | ||
| E870272 | ||
| E873722 | ||
| E8796 | ||
| E8842 | ||
| E8856 | ||
| E890026 | ||
| E890152 | ||
| E900146 | ||
| E900679 | ||
| E940490 | ||
| E950014 | ||
| E950081 | ||
| E950084 |
17
| E950097 | ||
|---|---|---|
| E960052 | ||
| E960055 | ||
| E970250 | ||
| WG21 | ||
| WG77 | ||
| WH47 | ||
| WL33 | ||
| WN29 | ||
| WQ80 | ||
| WR92 | ||
| WT85 | ||
| WT93 | ||
| WV84 | ||
| WY82 | ||
| WZ42 | ||
| SES-T/C-20140408-00265 | Time Warner Cable New York City LLC | E860649 |
| E865064 | ||
| E874282 | ||
| E881207 | ||
| E881208 | ||
| E900314 | ||
| E930246 | ||
| SES-T/C-20140408-00266 | Time Warner Entertainment–Advance/Newhouse Partnership | E100101 |
| E4381 | ||
| E920572 | ||
| KJ59 | ||
| WQ21 |
Section 214 Authorizations
Part 63 – Domestic Section 214 Authority
Comcast and TWC have filed an application for consent to the transfer of control of domestic section 214 authority in connection with the Comcast-TWC transaction described above. 65 Applicants do not request streamlined treatment for this application under section 63.03(b) of the Commission’s rules. 66
65 Applications of Comcast Corp. and Time Warner Cable Inc. for Consent Pursuant to Section 214 of the Communications Act of 1934, as Amended, to Transfer Control of Subsidiaries of Time Warner Cable Inc. , MB Docket No. 14-57, Joint Application (filed Apr. 8, 2014) (TWC is authorized to provide interstate and intrastate telecommunications services in 33 states).
66 47 C.F.R. § 63.03(b).
18
Part 63 – International Section 214 Authorizations
| File No. | Authorization Holder | Authorization Number |
|---|---|---|
| ITC-T/C-20140408-00116 | TWCIS HoldCo LLC | ITC-214-20030117-00043 |
| ITC-T/C-20140408-00117 | Insight Midwest Holdings, LLC | ITC-214-20040723-00514 |
Parts 87, 90 and 101 – Private Wireless Licenses
| File No. | Licensee | Lead Call Sign |
|---|---|---|
| 0006184861 | Time Warner Cable Enterprises LLC | WQJU341 |
| 0006184863 | Oceanic Time Warner Cable LLC | WQQS791 |
| 0006184865 | Time Warner Cable Pacific West LLC | KBL655 |
| 0006184868 | Time Warner Cable Midwest LLC | KSP492 |
| 0006184872 | Time Warner Cable Texas LLC | WPPN885 |
| 0006184876 | Time Warner Cable Northeast LLC | KP3939 |
| 0006184882 | Time Warner Cable New York City LLC | WPOB447 |
| 0006184885 | Time Warner Cable Southeast LLC | KTK417 |
Listed below are Bright House licenses subject to applications for pro forma transfer of control:
| File No. | Licensee | Lead Call Sign |
|---|---|---|
| 0006210354 | Bright House Networks, LLC | KBR969 |
19
COMCAST/CHARTER/SPINCO DIVESTITURE TRANSACTIONS
Part 78 – Cable Television Relay Service (CARS)
Listed below are Charter licenses to be transferred to Comcast:
| File No. | Licensee | Call Sign |
|---|---|---|
| CAR-20140613AN-09 | CCO SoCal I, LLC | WAM-603 |
| CAR-20140613AO-09 | CCO SoCal I, LLC | WAM-609 |
| CAR-20140613AP-09 | CCO SoCal I, LLC | WHZ-899 |
| CAR-20140613AQ-09 | CCO SoCal I, LLC | WSA-52 |
| CAR-20140613AR-09 | CCO SoCal I, LLC | WSJ-78 |
| CAR-20140613AS-09 | CCO SoCal I, LLC | WGV-505 |
| CAR-20140613AT-09 | CCO SoCal I, LLC | WHZ-511 |
| CAR-20140613AU-09 | CCO SoCal I, LLC | WHZ-662 |
| CAR-20140613AV-09 | CCO SoCal I, LLC | WHZ-764 |
| CAR-20140613AW-09 | CCO SoCal I, LLC | WBW-21 |
| CAR-20140613BF-09 | Falcon Cable Systems Co. II, LP | WHZ-856 |
| CAR-20140613BG-09 | Falcon Cable Systems Co. II, LP | WLY-695 |
| CAR-20140613BD-09 | Falcon Telecable, a California Limited Partnership | WHZ-632 |
| CAR-20140613BE-09 | Falcon Telecable, a California Limited Partnership | WHZ-645 |
| CAR-20140613AX-09 | Falcon Community Ventures I, LP | WAY-753 |
| CAR-20140613AY-09 | Falcon Community Ventures I, LP | WHZ-908 |
| CAR-20140613AZ-09 | Falcon Community Ventures I, LP | WLY-441 |
| CAR-20140613BA-09 | Falcon Community Ventures I, LP | WLY-446 |
| CAR-20140613BB-09 | Falcon Video Communications, L.P. | WGJ-868 |
| CAR-20140613BC-09 | Rifkin Acquisition Partners, LLC | WGZ-305 |
Listed below are Comcast licenses to be assigned to SpinCo:
| File No. | Licensee | Call Sign |
|---|---|---|
| CAR-20140612AB-08 | Comcast of Alabama, Inc. | WBG-892 |
| CAR-20140612AA-08 | Comcast of Kentucky/Tennessee/Virginia, LLC | WLY-894 |
Listed below are Charter licenses subject to applications for pro forma restructuring:
| File No. | Licensee | Call Sign |
|---|---|---|
| CAR-20140613AB-08 | Falcon Telecable, a California Limited Partnership | WGV-576 |
| CAR-20140612AC-09 | CC VIII Operating, LLC | WLY-689 |
| CAR-20140613AA-09 | CC VIII Operating, LLC | KQQ-26 |
| CAR-20140612AD-09 | CC VIII Operating, LLC | WLY-669 |
| CAR-20140613AC-09 | Charter Cable Partners, LLC | WGJ-444 |
| CAR-20140613AD-09 | Charter Cable Partners, LLC | WLY-637 |
| CAR-20140613AE-09 | Bresnan Communications, LLC | WBH-637 |
| CAR-20140613AF-09 | Bresnan Communications, LLC | WHZ-634 |
| CAR-20140613AG-09 | Bresnan Communications, LLC | WHZ-748 |
| CAR-20140613AH-09 | Bresnan Communications, LLC | WLY-332 |
| CAR-20140613AI-09 | Bresnan Communications, LLC | WLY-563 |
| CAR-20140613AJ-09 | Bresnan Communications, LLC | WLY-838 |
| CAR-20140613AK-09 | Bresnan Communications, LLC | WLY-839 |
20
| CAR-20140613AL-09 | Bresnan Communications, LLC | WLY-861 |
|---|---|---|
| CAR-20140613AM-09 | Bresnan Communications, LLC | WLY-914 |
Part 25 – Satellite Communications Registrations
Receive-Only Earth Station Registrations
Listed below are Charter registrations subject to applications for assignment or transfer of control to Comcast:
| File No. | Registration Holder | Call Sign |
|---|---|---|
| SES-ASG-20140604-00428 | Renaissance Media LLC | E7061 |
| SES-ASG-20140604-00473 | Charter Communications VI, LLC | E5824 |
| E7475 | ||
| E7992 | ||
| E880118 | ||
| E880175 | ||
| KQ32 | ||
| WG59 | ||
| SES-ASG-20140604-00478 | Robin Media Group, Inc. | E2380 |
| E8172 | ||
| E870847 | ||
| E890917 | ||
| WF25 | ||
| WK73 | ||
| SES-ASG-20140604-00479 | Charter Communications, LLC | E010328 |
| E050294 | ||
| E070116 | ||
| E110071 | ||
| E110074 | ||
| E110076 | ||
| E110077 | ||
| E7233 | ||
| E7385 | ||
| E940159 | ||
| WE80 | ||
| WR42 | ||
| WS56 | ||
| SES-ASG-20140604-00480 | Charter Communications Entertainment I, LLC | E4255 |
| E6392 | ||
| E980448 | ||
| E990507 | ||
| E990508 | ||
| E990509 | ||
| E990511 | ||
| SES-ASG-20140604-00481 | Charter Communications, LLC | E3518 |
21
| SES-ASG-20140604-00483 | HPI Acquisitions Co., LLC | WH33 |
|---|---|---|
| SES-ASG-20140604-00491 | Plattsburgh Cablevision Inc. | E6784 |
| SES-ASG-20140604-00492 | Tennessee, LLC | E050329 |
| SES-T/C-20140604-00397 | The Helicon Group, L.P. | E040177 |
| WZ93 | ||
| SES-T/C-20140604-00398 | Marcus Cable Associates, L.L.C. | E000185 |
| E000199 | ||
| E4191 | ||
| E872103 | ||
| E940402 | ||
| E940404 | ||
| E940407 | ||
| KQ79 | ||
| WR33 | ||
| SES-T/C-20140604-00402 | Falcon Cable Media, a California Limited Partnership | WU58 |
| SES-T/C-20140604-00413 | Falcon Video Communications, L.P. | E090183 |
| E110006 | ||
| E5158 | ||
| E880890 | ||
| E920551 | ||
| E920553 | ||
| E940432 | ||
| KT50 | ||
| SES-T/C-20140604-00414 | Falcon Telecable, a California Limited Partnership | E3573 |
| SES-T/C-20140604-00415 | Falcon Community Cable, LP | E2578 |
| KM70 | ||
| SES-T/C-20140604-00416 | Falcon Cable Systems Co. II, LP | E030157 |
| E910119 | ||
| E910243 | ||
| E910245 | ||
| E930082 | ||
| KJ20 | ||
| SES-T/C-20140604-00417 | CCO SoCal I, LLC | E020286 |
| E030011 | ||
| E030069 | ||
| E2182 | ||
| E2183 | ||
| E2186 | ||
| E2675 |
22
| E5916 | ||
|---|---|---|
| E7431 | ||
| E8495 | ||
| E860375 | ||
| E881108 | ||
| E890360 | ||
| E891006 | ||
| E920601 | ||
| E960504 | ||
| E980463 | ||
| KF76 | ||
| KG33 | ||
| KR30 | ||
| KV61 | ||
| KZ51 | ||
| SES-T/C-20140604-00418 | Falcon Community Ventures I, LP | KP47 |
| SES-T/C-20140604-00419 | Cable Equities of Colorado, LLC | E050001 |
| WU60 |
Listed below are Comcast/TWC registrations subject to applications for assignment or transfer of control to Charter:
| File No. | Registration Holder | Call Sign |
|---|---|---|
| SES-ASG-20140604-00470 | Time Warner Cable Midwest LLC | E2685 |
| E2985 | ||
| E3458 | ||
| E4198 | ||
| E5437 | ||
| E872136 | ||
| E880468 | ||
| E9046 | ||
| E930196 | ||
| E940078 | ||
| E9472 | ||
| E950468 | ||
| E980458 | ||
| KF37 | ||
| WF88 | ||
| WN46 | ||
| WQ55 | ||
| SES-ASG-20140604-00471 | Time Warner Cable Midwest LLC | E2425 |
| E2426 | ||
| E2427 | ||
| E3436 | ||
| E3505 | ||
| E3506 | ||
| E3550 |
23
| E3551 | ||
|---|---|---|
| E3952 | ||
| E4172 | ||
| E4338 | ||
| E4341 | ||
| E4478 | ||
| E5020 | ||
| E5498 | ||
| E6449 | ||
| E7300 | ||
| E865184 | ||
| E870893 | ||
| E873416 | ||
| E873418 | ||
| E873420 | ||
| E873614 | ||
| E880888 | ||
| E890798 | ||
| E890832 | ||
| E900073 | ||
| E900577 | ||
| E910224 | ||
| E9194 | ||
| E920186 | ||
| E920188 | ||
| E930031 | ||
| E930144 | ||
| E960299 | ||
| WB50 | ||
| WD20 | ||
| WE47 | ||
| WG76 | ||
| WK50 | ||
| WN89 | ||
| WP20 | ||
| WR73 | ||
| WS44 | ||
| WT29 | ||
| WV36 | ||
| SES-ASG-20140604-00472 | Time Warner Entertainment–Advance/Newhouse Partnership | E4381 |
| SES-ASG-20140604-00482 | Time Warner Cable Midwest LLC | E3145 |
| SES-ASG-20140604-00495 | Time Warner Cable Midwest LLC | E2018 |
| SES-T/C-20140604-00395 | Insight Kentucky Partners II, L.P. | E2091 |
| E3703 | ||
| E5074 |
24
| E6334 — E5828 |
|---|
| E5921 |
| E990037 |
| WV66 |
Listed below are Comcast registrations subject to applications for assignment or transfer of control to SpinCo:
| File No. | Registration Holder | Call Sign |
|---|---|---|
| SES-ASG-20140604-00430 | Comcast of Minnesota, Inc. | E8076 |
| E860401 | ||
| E860402 | ||
| E860403 | ||
| E860457 | ||
| E860458 | ||
| E860459 | ||
| E990063 | ||
| SES-ASG-20140604-00431 | Comcast of Arkansas/Florida/Louisiana/ | E3387 |
| Minnesota/Mississippi/Tennessee, Inc. | ||
| SES-ASG-20140604-00442 | Comcast of California/Connecticut/Michigan | E2010 |
| E6448 | ||
| E860753 | ||
| WE61 | ||
| WG48 | ||
| WZ62 | ||
| SES-ASG-20140604-00443 | Comcast of Connecticut/Georgia/Massachusetts/ | WP39 |
| New Hampshire/New York/North Carolina/ | ||
| Virginia/Vermont, LLC | ||
| SES-ASG-20140604-00446 | Comcast of Wisconsin, Inc. | E040405 |
| E7596 | ||
| SES-ASG-20140604-00447 | Comcast of Mt. Clemens | E2353 |
| SES-ASG-20140604-00455 | Comcast of Minnesota/Wisconsin, Inc. | E859629 |
| E8818 | ||
| SES-ASG-20140604-00457 | Comcast of California/Massachusetts/ | E960287 |
| Michigan/Utah, Inc. | WK40 | |
| SES-ASG-20140604-00458 | Comcast of Alabama, Inc. | E100049 |
| E5497 | ||
| WB48 | ||
| WB49 | ||
| WB52 | ||
| WB63 |
25
| WE41 | ||
|---|---|---|
| WS94 | ||
| WY90 | ||
| WY91 | ||
| SES-ASG-20140604-00459 | Comcast of Colorado/Florida/Michigan/ | E2172 |
| New Mexico/Pennsylvania/Washington, LLC | E2613 | |
| E3204 | ||
| E6740 | ||
| SES-ASG-20140604-00460 | Comcast of the South | E980265 |
| E980267 | ||
| E980268 | ||
| SES-ASG-20140604-00461 | Comcast of Illinois/Indiana/Ohio, LLC | E000266 |
| SES-ASG-20140604-00462 | Comcast of Indiana/Kentucky/Utah | WH40 |
| SES-ASG-20140604-00463 | Comcast of Shelby, Inc. | E3926 |
| SES-ASG-20140604-00464 | Comcast of Sterling Heights, Inc. | E5457 |
| SES-ASG-20140604-00465 | Comcast of Clinton | E3925 |
| SES-ASG-20140604-00466 | Comcast of Warren | E3928 |
| SES-ASG-20140604-00468 | Comcast of Georgia/Michigan, LP | E5265 |
| SES-ASG-20140604-00474 | Comcast of Indiana/Kentucky/Utah | E5525 |
| E6291 | ||
| E940406 | ||
| SES-ASG-20140604-00477 | Comcast of Illinois/Indiana/Ohio, LLC | E2020 |
| E3236 | ||
| E3950 | ||
| E4173 | ||
| E4720 | ||
| E5417 | ||
| E6738 | ||
| E870436 | ||
| WL32 | ||
| WU52 | ||
| WX23 | ||
| WX28 | ||
| SES-ASG-20140604-00484 | Comcast of Flint Inc. | E880402 |
| SES-ASG-20140604-00485 | Comcast of Colorado/Florida/Michigan/ | WK65 |
| New Mexico/Pennsylvania/Washington, LLC |
26
| SES-ASG-20140604-00487 | Comcast Cable Investors, LP | WJ72 |
|---|---|---|
| SES-ASG-20140604-00490 | Comcast of Florida/Washington, LLC | E010103 |
| SES-ASG-20140604-00493 | Comcast of Paducah Inc. | WE64 |
| SES-ASG-20140604-00494 | Comcast of Quincy Inc. | E020124 |
| SES-ASG-20140604-00496 | Comcast of Indiana/Kentucky/Utah | E920423 |
| SES-ASG-20140619-00534 | Comcast of Michigan III, Inc. | WE77 |
| SES-ASG-20140630-00549 | Comcast of Michigan I, Inc. | E6003 |
| SES-T/C-20140604-00423 | Comcast of Michigan, LLC | WH97 |
| WT78 | ||
| SES-T/C-20140604-00424 | Comcast of Fort Wayne Limited Partnership | E4367 |
| E4437 | ||
| WM32 | ||
| SES-T/C-20140604-00426 | Comcast of Indianapolis, L.P. | E3025 |
| E3026 | ||
| E3027 |
Listed below are Comcast registrations subject to applications for pro forma restructuring:
| File No. | Registration Holder | Call Sign |
|---|---|---|
| SES-ASG-20140604-00429 | Comcast of Missouri, Inc. | E970151 |
| E970337 | ||
| KG58 | ||
| SES-ASG-20140604-00449 | Comcast of Arizona, Inc. | E010330 |
| SES-ASG-20140604-00450 | Comcast of Georgia/South Carolina, Inc. | E3565 |
| E3651 | ||
| E860298 | ||
| E9427 | ||
| E950125 | ||
| E960021 | ||
| WB89 | ||
| SES-ASG-20140604-00452 | Comcast of California/Massachusetts/ | E950219 |
| Michigan/Utah, Inc. | ||
| SES-ASG-20140604-00453 | Comcast of New Mexico, Inc. | E8529 |
| E8918 | ||
| E990538 | ||
| KH33 |
27
| SES-ASG-20140604-00454 | Comcast MO Group, Inc. | E3953 |
|---|---|---|
| SES-ASG-20140604-00456 | Comcast of Georgia/Virginia, Inc. | E5908 |
| E870846 | ||
| E950482 | ||
| E960093 | ||
| E980300 | ||
| WL86 | ||
| WR87 | ||
| SES-ASG-20140604-00475 | Comcast of California/Colorado/Florida/Oregon, Inc. | E920431 |
| WF81 | ||
| WT77 | ||
| WT94 | ||
| WU38 | ||
| SES-ASG-20140604-00476 | Comcast of Arkansas/Florida/Louisiana/ | E2481 |
| Minnesota/Mississippi/Tennessee, Inc. | E3561 | |
| E4281 | ||
| E6144 | ||
| E920573 | ||
| E920598 | ||
| E940517 | ||
| KD80 | ||
| KR31 | ||
| WL84 | ||
| WR53 | ||
| WZ34 | ||
| SES-ASG-20140604-00488 | Comcast of Miami, Inc. | E5845 |
| SES-ASG-20140604-00489 | Comcast of Georgia/Massachusetts, Inc. | WJ82 |
| SES-T/C-20140604-00401 | Comcast of New Jersey II, LLC | E860651 |
| E890641 | ||
| SES-T/C-20140604-00403 | Comcast of Connecticut/Georgia/Massachusetts/ | E2364 |
| New Hampshire/New York/North Carolina/ | E3193 | |
| Virginia/Vermont, LLC | E4438 | |
| E4439 | ||
| E4853 | ||
| E5674 | ||
| E6301 | ||
| E6617 | ||
| E859862 | ||
| E860184 | ||
| E9003 | ||
| E9004 | ||
| E9005 |
28
| E9032 | ||
|---|---|---|
| E910437 | ||
| E960172 | ||
| WF57 | ||
| WF73 | ||
| WH56 | ||
| WJ42 | ||
| WM93 | ||
| WR89 | ||
| WS39 | ||
| WT81 | ||
| WU55 | ||
| SES-T/C-20140604-00404 | Comcast of Boston, Inc. | E6510 |
| E8220 | ||
| SES-T/C-20140604-00405 | Comcast of Fresno, Inc. | E060385 |
| E070090 | ||
| SES-T/C-20140604-00406 | Comcast of Brockton, Inc. | E6064 |
| SES-T/C-20140604-00407 | Comcast of Maine/New Hampshire, Inc. | E890810 |
| SES-T/C-20140604-00408 | Comcast of Massachusetts I, Inc. | E5699 |
| WD52 | ||
| SES-T/C-20140604-00409 | Comcast of Massachusetts/New Hampshire, LLC | E7227 |
| SES-T/C-20140604-00410 | Comcast of Massachusetts III, Inc. | E070236 |
| E920565 | ||
| E920566 | ||
| E920567 | ||
| E920568 | ||
| E920569 | ||
| E920571 | ||
| SES-T/C-20140604-00420 | Comcast of Sacramento II, LLC | E030056 |
| SES-T/C-20140604-00421 | Comcast of Southern New England, Inc. | E7627 |
| SES-T/C-20140604-00422 | Comcast of California/Illinois, LP | E4709 |
| SES-T/C-20140604-00425 | Comcast of Central NJ II, LLC | E3130 |
| E3712 | ||
| E3727 | ||
| E859857 | ||
| E8685 | ||
| E890528 | ||
| E950465 |
29
Section 214 Authorizations
Part 63 – Domestic Section 214 Authority
The Divestiture Applicants have filed applications for consent to the transfer of control of domestic section 214 authorities in connection with the Divestiture Transactions described above. 67 Applicants do not request streamlined treatment for these applications under section 63.03(b) of the Commission’s rules. 68
Part 63 – International Section 214 Authorizations
Listed below are authorizations requested for SpinCo:
| File No. | Authorization Holder | Authorization Number |
|---|---|---|
| ITC-214-20140604-00166 | Midwest Cable Phone, LLC | (Requesting new Section 214 authorization) |
Parts 90 and 101 – Private Wireless Licenses
Listed below are Charter licenses to be transferred to Comcast:
| File No. | Licensee | Lead Call Sign |
|---|---|---|
| 0006307076 | CCO SoCal I, LLC | WQKG921 |
| 0006307974 | Charter Communications VI, LLC | WQKG925 |
| 0006307978 | Charter Communications, LLC | KLP528 |
| 0006306926 | Charter Communications, LLC | WQSZ994 |
| 0006307080 | Falcon Cable Systems Co. II, LP | WQKG920 |
| 0006309990 | Plattsburgh Cablevision, Inc. | KVE945 |
Listed below are Comcast/TWC licenses subject to applications for assignment to Charter:
| File No. | Licensee | Lead Call Sign |
|---|---|---|
| 0006309092 | Time Warner Cable Midwest LLC | WNJQ722 |
| 0006309110 | Time Warner Cable Midwest LLC | WQGH689 |
67 Application of Charter Communications, Inc., Transferor, and Comcast Corporation, Transferee, for Consent to Transfer Control of Domestic Authority Pursuant to Section 214 of the Communications Act of 1934, as Amended , MB Docket No. 14-57 (filed June 5, 2014); Application of Comcast Corporation, Transferor, and Charter Communications, Inc., Transferee, for Consent to Transfer Control of Domestic Authority Pursuant to Section 214 of the Communications Act of 1934, as Amended , MB Docket No. 14-57 (filed June 5, 2014); Application of Comcast Corporation, for Itself and Its Subsidiaries, Assignors, and Midwest Cable, Inc. for Itself and Its Subsidiaries, Assignees, for Consent to the Assignment of Certain Customers and Assets of Authorized Domestic Carriers Pursuant to Section 214 of the Communications Act of 1934, as Amended , MB Docket No. 14-57 (filed June 5, 2014).
68 47 C.F.R. § 63.03(b).
30
Listed below are Charter licenses subject to applications for pro forma restructuring:
| File No. | Licensee | Lead Call Sign |
|---|---|---|
| 0006309479 | Charter Communications Operating, LLC | WQRJ762 |
| 0006309529 | Bresnan Communications, LLC | WNKK403 |
| 0006309555 | CC Michigan, LLC | WQLA501 |
| 0006309577 | Charter Communications, LLC | WQLA212 |
| 0006309579 | CC VIII Operating, LLC | WQMP777 |
Listed below are Comcast licenses subject to applications for pro forma restructuring:
| File No. | Licensee | Lead Call Sign |
|---|---|---|
| 0006313774 | Comcast of California/Massachusetts/Michigan/ Utah, Inc. | WQQU401 |
| 0006313789 | Comcast of Georgia/Virginia, Inc. | WNES554 |
| 0006307815 | Comcast of Massachusetts I, Inc. | WQPZ810 |
31
Important Information For Investors And Shareholders
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed transaction between Comcast Corporation (“Comcast”) and Charter Communications, Inc. (“Charter”), Charter will file with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that will include a proxy statement of Charter that also constitutes a prospectus of Charter, and a definitive proxy statement/prospectus will be mailed to shareholders of Charter. INVESTORS AND SECURITY HOLDERS OF COMCAST AND CHARTER ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus (when available) and other documents filed with the SEC by Comcast or Charter through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Comcast are available free of charge on Comcast’s website at http://cmcsa.com or by contacting Comcast’s Investor Relations Department at 866-281-2100. Copies of the documents filed with the SEC by Charter will be available free of charge on Charter’s website at charter.com, in the “Investor and News Center” near the bottom of the page, or by contacting Charter’s Investor Relations Department at 203-905-7955.
In addition, in connection with the proposed transaction between Comcast and Time Warner Cable Inc. (“Time Warner Cable”), on May 23, 2014, Comcast filed with the SEC an amendment to the registration statement on Form S-4 that was originally filed on March 20, 2014, containing a preliminary joint proxy statement of Comcast and Time Warner Cable that also constitutes a preliminary prospectus of Comcast. The registration statement has not yet become effective. After the registration statement is declared effective by the SEC, a definitive joint proxy statement/prospectus will be mailed to shareholders of Comcast and Time Warner Cable. INVESTORS AND SECURITY HOLDERS OF COMCAST AND TIME WARNER CABLE ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain free copies of the registration statement and the joint proxy statement/prospectus and other documents filed with the SEC by Comcast or Time Warner Cable through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Comcast are available free of charge on Comcast’s website at http://cmcsa.com or by contacting Comcast’s Investor Relations Department at 866-281-2100. Copies of the documents filed with the SEC by Time Warner Cable will be available free of charge on Time Warner Cable’s website at http://ir.timewarnercable.com or by contacting Time Warner Cable’s Investor Relations Department at 877-446-3689.
Shareholders of Comcast and Time Warner Cable are not being asked to vote on the proposed transaction between Comcast and Charter, and the proposed transaction between Comcast and Time Warner Cable is not contingent upon the proposed transaction between Comcast and Charter.
Comcast, Time Warner Cable, Charter and their respective directors and certain of their respective executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction between Comcast and Time Warner Cable, and Comcast, Charter and their respective directors and certain of their respective executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction between Comcast and Charter. Information about the directors and executive officers of Time Warner Cable is set forth in its Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the SEC on February 18, 2014, its proxy statement for its 2014 annual meeting of stockholders, which was filed with the SEC on April 29, 2014, and its Current Report on Form 8-K, which was filed with the SEC on June 13, 2014. Information about the directors and executive officers of Comcast is set forth in its Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the SEC on February 12, 2014, its proxy statement for its 2014 annual meeting of stockholders, which was filed with the SEC on April 11, 2014, and its Current Report on Form 8-K, which was filed with the SEC on July 1, 2014. Information about the directors and executive officers of Charter is set forth in its Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the SEC on February 21, 2014, its proxy statement for its 2014 annual meeting of stockholders, which was filed with the SEC on March 27, 2014, and its Current Report on Form 8-K, which was filed with the SEC on May 9, 2014. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the preliminary joint proxy statement/prospectus of Comcast and Time Warner Cable filed with the SEC and will be contained in the definitive joint proxy statement/prospectus of Comcast and Time Warner Cable and other relevant materials to be filed with the SEC when they become available, and will also be contained in the preliminary proxy statement/prospectus of Charter when it becomes available.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication regarding the proposed acquisition of Time Warner Cable by Comcast and the proposed transaction between Comcast and Charter, including any statements regarding the expected timetable for completing the transactions, benefits and synergies of the transactions, future opportunities for the respective companies and products, and any other statements regarding Comcast’s, Time Warner Cable’s and Charter’s future expectations , beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are “forward-looking” statements made within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are often, but not always, made through the use of words or phrases such as “may”, “believe,” “anticipate,” “could”, “should,” “intend,” “plan,” “will,” “expect(s),” “estimate(s),” “project(s),” “forecast(s)”, “positioned,” “strategy,” “outlook” and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the timing to consummate the proposed transactions; the risk that a condition to closing either of the
proposed transactions may not be satisfied; the risk that a regulatory approval that may be required for either of the proposed transactions is not obtained or is obtained subject to conditions that are not anticipated; the parties’ ability to achieve the synergies and value creation contemplated by the proposed transactions; the parties’ ability to promptly, efficiently and effectively integrate acquired operations into their own operations; and the diversion of management time on transaction-related issues. Additional information concerning these and other factors can be found in Comcast’s, Time Warner Cable’s and Charter’s respective filings with the SEC, including Comcast’s, Time Warner Cable’s and Charter’s most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Comcast, Time Warner Cable and Charter assume no obligation to update any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.