Submitted via IRC for ErkleLives
Charter Communications won't be kicked out of New York after all.
Nine months after a New York government agency ordered Charter to leave the state over its alleged failure to comply with merger conditions, state officials have announced a settlement that will let Charter stay in New York in exchange for further broadband expansions. The settlement will enforce a new version of the original merger conditions and require a $12 million payment, about half of which could help other ISPs deploy broadband.
Previously: Charter (Time Warner Cable) Sued by State of New York for Slow Internet
New York State Threatens To Revoke Charter's Cable Franchise For Bullshitting
(Score: 3, Informative) by Thexalon on Monday April 22 2019, @11:19PM (3 children)
Somehow I won't be surprised if those "further broadband expansions" never actually come into existence. Also, it might be worth checking for unusual activity in the bank accounts of the members of the relevant state board or agency.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 1, Interesting) by Anonymous Coward on Monday April 22 2019, @11:59PM (2 children)
They offered us a "broadband expansion" -- double the speed we got from previous network owner Time Warner...but for a big jump in price. What we have now is OK, and Charter already raised the prices a bunch. At least for now they are the only game in our neighborhood, although Verizon FiOS is supposed to be available here later this year.
It's making me look back on the Rigas family, the crooks that created this cable company under the original name Adelphia, with some slight fondness.
(Score: 2) by Thexalon on Tuesday April 23 2019, @12:17AM (1 child)
So if I'm understanding you correctly, it's "Well, at least they were nice enough to use lubricant"?
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 0) by Anonymous Coward on Tuesday April 23 2019, @01:08AM
Yeah something like that. As I understand it, Rigas built the network as a private company, I've got to give him credit for actually making something (although he may have been a dirty dealer all along?) Then he took it public to cash out. But he and his kids kept treating the company as if they owned it and eventually they stole enough money (effectively from shareholders) and/or pissed off enough people, that they got caught.