Wednesday, September 24, 2008
Comcast and Verizon to buy out Time Warner Cable Nationwide. The buyout is to be made Official on January 2, 2009 for $50 billion, according to very high level inside sources at Time Warner Cable. This will make Comcast and Verizon co-number 1 National cable television service providers. This will result in 500 upper management personnel losing their jobs at Time Warner Cable. Upon the Official announcement, Comcast and Verizon will split all the areas that are currently held by Time Warner Cable. This will result in new cable company come to the soon to be the late Time Warner Cable customers. Customers of Time Warner Cable will be sent a letter about the buyout by Comcast and Verizon with there February's 2009 bill, that will explain which company is taking over their area.