In a move that shows how deplorable cable and phone companies truly are, Time Warner Cable will soon start testing metered Internet access in an attempt to curb use of its services.
According to CNET News.com's Jonathan Skillings, "In a test of metered Internet access that's set to begin Thursday, subscribers who go over their limit for uploading and downloading material will be charged $1 per gigabyte."
"The tiered pricing will work this way, for the Internet portion of subscription packages that also include phone or video use: At the low end, users will pay $29.95 per month for service at a speed of 768 kilobits per second, with a 5GB monthly cap. At the high end, users will pay $54.90 per month for service at 15 megabits per second, with a 40GB cap," he continued.
"We think it's the fairest way to finance the needed investment in the infrastructure," Kevin Leddy, Time Warner Cable's executive vice president of advanced technology, said in Monday's AP story.
Is this really what we've come to? A system that penalizes you for using the one tool that will carry almost every industry going forward?
Time Warner Cable and the rest of these cable and phone companies should be ashamed of themselves.… Read more
Some customers of Time Warner Cable in Beaumont, Texas, may soon end up paying more for their Internet access than other customers.
In a test of metered Internet access that's set to begin Thursday, subscribers who go over their limit for uploading and downloading material will be charged $1 per gigabyte, according to an Associated Press story, citing a Time Warner Cable executive.
The trial run for the metered Web use was expected. The company had said in January that it would test the new pricing model in Beaumont as a way to limit the use of peer-to-peer applications … Read more
Update 1:15 p.m. PT: I added information about the addition of real-time quotes on Yahoo Finance.
Real-time stock trading data aren't easy to come by on the Internet, but Google, CNBC, and The Wall Street Journal now can show real-time Nasdaq stock prices on their Web sites, the companies announced Monday.
Previously, the Nasdaq data had been available only with a 15-minute lag on the sites.
"With universal access to the Internet and the real-time nature of the Web, investors need real-time data, and now they don't have to pay for it," said Adena … Read more
Updated at 3:47 p.m. PDT to include questions from audience.
CARLSBAD, Calif.--Yahoo's Jerry Yang and Sue Decker may have gotten a tough time from Walt Mossberg, but perhaps they should consider themselves lucky.
Next up at the D6 conference here was Time Warner CEO Jeff Bewkes. A humorous video poked plenty of fun at the executive culminating in a discussion of whether D host Kara Swisher would cut off Bewkes' genitalia.
Clearly prepared, Bewkes came onstage covering his crotch.
Probably a good idea. In the first 30 seconds, Swisher fired off questions on everything from The … Read more
MUJI's second store in New York, located at 620 Eighth Avenue, will offer exactly 2,170 items at the time of the opening, and all products will share the same strict MUJI rule: no branding. The name "MUJI" comes from the Japanese word "Mujirushi Ryohin" that essentially means quality without a name. Some people call MUJI the Japanese IKEA, but I'm not … Read more
Over the years, I've become inured to David Brooks' predictable platitudes about politics and culture. He's been wrong so often on the big story of our times--the war--that I automatically tune out his musings on contemporary culture. But after stewing all weekend about his most recent New York Times column, I've got to get this off my chest.
Writing about the ascent of the "alpha geek"--a contradiction in terms?--Brooks cobbles together a series of easy generalizations regularly tossed around as shorthand to explain more complex developments. Call it cliche as socio-economic analysis. To … Read more
Breaking up is hard to do. But in the case of Time Warner, it's simply the right thing to do.
News of the company splitting comes as no surprise. The cable piece of the business has been operating as a separate company for a while now. And investors have been clamoring for the company to make it official. Time Warner corporate announced plans for the split a month ago.
But now the full details of the split have been revealed. And the blogosphere is full of commentary on what a great deal it is for Time Warner corporate, namely … Read more
Time Warner has agreed to separate from its cable division, the company said Wednesday.
As part of the separation, Time Warner Cable has declared a one-time dividend of about $10.9 billion to stockholders, $9.25 billion of which will go to Time Warner.
"Separating the two companies...will help their management teams focus on realizing the full potential of the respective businesses and will provide investors with greater choice in how they own this portfolio of assets," Time Warner CEO Jeff Bewkes said in a release. "We're bullish on Time Warner Cable's prospects, but … Read more
Here's the first installment of Train Wreck's first recurring post: Dysfunctional Executive Watch. It'll show up whenever there's enough material. Enjoy the lunacy, and let us know if you've got something to report.
You've got fraud On Monday, the Securities and Exchange Commission filed civil charges against eight former executives of AOL Time Warner for fraudulently inflating online advertising revenue by more than $1 billion. Four of the executives agreed to pay millions in fines and return ill-gotten gains. Charges against the other four, including former CFO John Michael Kelly, are still pending.
The company had previously agreed to fork over $500 million to settle civil and criminal charges brought by the SEC and the Justice Department.… Read more