Comcast and Time Warner Announce Completion of Distribution of Assets of Texas and Kansas City Cable Partnership.PHILADELPHIA & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Comcast Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMCSA, CMCSK), Time Warner Inc. (NYSE NYSE See: New York Stock Exchange :TWX (TeletypeWriter eXchange Service) A U.S. and Canadian dial-up communications service that became part of Telex. In 1971, the Bell System sold TWX to Western Union. TWX transmitted 5-bit Murray code or 7-bit ASCII code at up to 150 bps. See Telex. ) and Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. today announced that they have completed the previously announced distribution of assets of their Texas and Kansas City Cable Partnership. Under this distribution of the joint venture assets, Comcast received the pool of assets consisting of the partnership's Houston cable systems (the "Houston pool"), which served approximately 790,000 basic video subscribers as of September 30, 2006. Time Warner Cable received the pool of assets consisting of the Kansas City, south and west Texas and New Mexico cable systems (the "Kansas City pool"), which served approximately 782,000 basic video subscribers as of September 30, 2006. Time Warner Cable and Comcast consolidated the financial results of their respective systems starting January 1, 2007. Since July 1, 2006 which was the effective date of the allocation of the assets of the partnership, Time Warner Cable has been entitled to 100 percent of the economic interest in the Kansas City pool and Comcast has been entitled to 100 percent of the economic interest in the Houston pool. On October 2, 2006, as part of this transaction, Comcast refinanced $1.4 billion of partnership debt, which included a payment of $631 million to a subsidiary of Time Warner Cable. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA, CMCSK) (http://www.comcast.com) is the nation's leading provider of cable, entertainment and communications products and services. With 24.1 million cable customers, 11 million high-speed internet customers, and 2.1 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content. Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, AZN Television, PBS KIDS Sprout PBS KIDS Sprout (sometimes referred to as PBS Sprout, KIDS Sprout, or just Sprout) is a US digital cable television channel, video-on-demand (VOD) service, and website providing PBS KIDS shows and original programming for preschoolers and their families. , TV One and four regional Comcast SportsNets. Comcast also has a majority ownership in Comcast Spectacor, whose major holdings include the Philadelphia Flyers NHL NHL Non-Hodgkin's lymphoma, see there hockey team, the Philadelphia 76ers NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= basketball team and two large multipurpose arenas in Philadelphia. About Time Warner Cable Time Warner Cable owns and manages cable systems serving 13.5 million subscribers in 33 states. Passing approximately 26 million homes, Time Warner Cable includes some of the most technologically advanced and best-clustered cable systems in the country, with nearly 85 percent of the Company's customers located in five geographic regions: New York, Texas New York is a hamlet in Henderson County, Texas, USA, about 11 miles east of Athens. Geography New York lies at the intersection of FM 804 and FM 607 in a stereotypically flat portion of East Texas, surrounded mostly by farm land. , Ohio, the Carolinas and southern California. Leveraging its leadership in innovation and quality customer care, Time Warner Cable delivers advanced products and services such as video on demand, high definition television, digital video recorders, high-speed data and Digital Phone. Time Warner Cable is a subsidiary of Time Warner Inc. (NYSE: TWX). About Time Warner Inc. Time Warner Inc. is a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing. |
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