Latest news with #CoxCommunications
Forbes
3 days ago
- Business
- Forbes
Charter-Cox Merger Review And The Rule Of Law
Charter Communications and Cox Communications, two broadband and cable providers, are seeking merger approval from the Department of Justice and Federal Communications Commission. Biden antitrust enforcers — which often relied on static market share snapshots to pursue antitrust claims, failing to consider broader market dynamics — might have sued to block this deal, only to be later overruled by the courts, which was a common occurrence during the Biden Administration. However, with the Trump administration restoring traditional antitrust norms grounded in law, precedent, and full-market analysis, the Charter-Cox deal should have a clear path forward. Why Specifics Matter Charter and Cox operate broadband services in largely distinct territories. Charter serves 41 states, focusing mainly on suburban and urban markets, while Cox's footprint is largely concentrated in areas that Charter hardly services, such as Arizona, Kansas, Oklahoma, and the City of Las Vegas. This geographic separation indicates the merger will not eliminate direct competition. Moreover, today, broadband competition extends well beyond cable providers. Fixed wireless, fiber entrants, and 5G networks have significantly diversified consumer choice. As for cable, an outsized number of American families have ceased paying for it. There were 68.7 million cable TV subscribers in 2024, compared to 98.7 million in 2016. Add it all up, and it becomes clear that the scale created by this merger will strengthen the combined company's ability to innovate and compete against streaming platforms and wireless alternatives rapidly reshaping the market. Modern Economically-Based Case Analysis Supports Approval Prior to the mid-1970s, the U.S. Supreme Court routinely upheld federal government merger challenges, viewing virtually any merger as anticompetitive, without regard to close factual or economic analysis. In General Dynamics(1974), however, a merger between two competing coal companies, the High Court applied a more nuanced approach. It recognized that the acquired firm did not have sufficient uncommitted coal reserves to be a significant future competitive force, and therefore its acquisition did not pose a substantial competitive threat. Although the Supreme Court has not reviewed mergers since the mid-1970s (Congress repealed a law mandating direct appeals of mergers from lower courts to the Supreme Court), it has applied a fact-based, economically-sensitive approach in non-merger antitrust cases. Federal judges have taken this approach to heart in key merger analyses. The district court in FTC v. Steris Corp. (2015) emphasized that speculation about potential future competition does not suffice to block a deal without concrete evidence. Charter and Cox are not current competitors in overlapping markets, and no credible evidence suggests this merger will harm consumer choice or raise prices. Efficiency claims also should matter as Supreme Court Justice (then appeals court judge) Brett Kavanagh stressed in FTC v. Whole Foods Market and United States v. Anthem. The Charter-Cox deal is fully consistent with this principle because it is projected to provide $500 million in annual savings, which will enable substantial investment in rural broadband and next-generation network upgrades. Though he did not author merger cases as an appeals court judge, in his other antitrust opinions Supreme Court Justice (and former antitrust professor) Neil Gorsuch showed dedication to the 'underlying economic efficiency rationale that undergirds modern mainstream antitrust analysis.' Furthermore, the merger should pass muster under Brown Shoe, the Supreme Court's multifactor test for assessing whether a transaction may substantially lessen competition. Although its factors are characterized as 'overinclusive, underinclusive, or irrelevant' by the leading antitrust treatise writer, Professor Herbert Hovenkamp, Brown Shoe is still referenced in current federal merger guidelines and thus cannot be ignored. The Brown Shoe factors center around eliminating existing rivalry, raising entry barriers, and accelerating harmful concentration. None of these are present in Charter-Cox, given the companies' minimal overlap, the influx of new broadband competitors, and the absence of any evidence that consumer choice or pricing would be harmed. Past approvals of transactions such as AT&T/DirecTV and Comcast/NBCUniversal underscore that agencies have recognized the benefits of increased scale when paired with clear consumer advantages. Those deals involved greater overlap and more complex competition issues than Charter-Cox, and yet they were approved, albeit with conditions to preserve competition. This deal presents none of those overlap concerns while offering tangible public-interest benefits, including accelerated broadband expansion and improved service quality. Statutes Mean What They Say — and They Matter Here The Clayton Act only allows the DOJ and FTC to challenge mergers when there is evidence that they may substantially lessen competition, which does not appear to be the case here. Further, Congress has empowered agencies to review mergers, but those powers are not unchecked. The Communications Act asks that the FCC approve license transfers if they serve the 'public interest, convenience, and necessity.' The Charter-Cox merger includes commitments to expand fiber infrastructure and improve broadband access, especially in underserved rural areas, directly advancing the FCC's statutory mandate to promote widespread, reliable, high-speed internet service. Judicial and Congressional Checks on Agency Overreach Courts require agencies to provide reasoned, evidence-supported analyses, and they don't hesitate to override agency decisions when necessary. Congress also plays a vital oversight role over federal enforcement through the House and Senate Judiciary and Commerce Committees. This legislative check preserves the constitutional separation of powers and guards against regulatory overreach. Conclusion Agencies respecting statutory boundaries and basing their decisions on economic evidence is important, because it is how companies and consumers gain the predictability needed to plan investments that drive innovation and infrastructure. On the other hand, when agencies ignore these limits, the merger approval process turns into a politicized one, where power is shifted from markets to government negotiators. When federal merger enforcement decisions become unpredictable, the rule of law erodes, and regulatory uncertainty deepens. The Trump administration thus far has indicated that it seeks to enhance predictability by reinstituting a commonsense fact-based economically-centered merger review policy. Here's hoping that it will demonstrate its commitment to such an approach by fully assessing the hard facts and recognizing the factors that support the Charter-Cox deal.
Yahoo
5 days ago
- Business
- Yahoo
Younger employees use AI at work but don't want to tell their bosses, survey shows
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. Although many millennials and Generation Z workers use artificial intelligence tools at work, about half are hesitant to admit how much of their work is created by AI, according to an Aug. 5 report from Cox Business. Workers said they use AI agents to enhance their workplace productivity by summarizing documents or meeting notes, brainstorming ideas or creative content, analyzing data, creating reports and coding or debugging. 'Our survey highlights valuable insights into how organizations can better align with the expectations of their younger employees,' Jeff Breaux, executive vice president and chief commercial officer for Cox Communications, said in a news release. 'This presents a tremendous opportunity for companies and their IT teams to enhance their strategies around tech investment, rollouts, training and policies; ensuring they meet the evolving needs of a workforce that is rapidly becoming the majority,' Breaux said. In a survey of more than 1,000 Gen Z and millennial workers in the U.S., 47% said they feared that AI could replace their jobs — a top reason they don't want to disclose their AI use. In addition, 30% said they're unfamiliar with their company's AI policy or their company doesn't have a defined policy. More than 60% reported using personal apps or software at work rather than their workplace's tools, creating a growing 'shadow IT' issue that could lead to security risks, the report found. Nearly 70% of younger workers said they feel overwhelmed by the number of tech tools provided by their workplace. However, only 16% feel they have real influence over tech decisions at work. In the next three years, Gen Z and millennial workers predict AI tools will replace some job roles but create new opportunities, increase productivity and efficiency, enhance creativity and innovation and improve decision-making and strategic planning. Looking ahead to 2026, Gen Z workers said employers should focus on improving cybersecurity, and millennials said workplaces should focus on workflow optimization. In another survey, nearly half of Gen Z workers said their bosses don't appreciate the benefits of AI tools at work, according to a report from UKG. In addition, 90% said AI will save them time at work, and 70% said they've taught themselves most of the AI skills they use for their jobs. Recommended Reading Applicants say they are using AI tools in the job hunt Sign in to access your portfolio
Business Journals
01-08-2025
- Business
- Business Journals
How desktop as a service (DaaS) is helping business leaders rethink IT — and win
For many companies navigating hybrid work, aging hardware and overburdened IT teams have become major roadblocks to growth. The solution? A growing number of organizations are turning to desktop as a service (DaaS) — a cloud-based platform that delivers secure, virtual desktops to employees anywhere, on any device. This shift isn't just about convenience. It's a strategic move that helps businesses reduce costs, improve security and empower a more agile workforce. A smarter way to work Traditional desktop management is time-consuming and resource-intensive. IT teams are often stuck managing updates, patches and hardware issues. DaaS changes that by centralizing desktop environments in the cloud. Employees can access their workspaces from anywhere, while IT gains full control and visibility from a single dashboard. The result? Lower capital expenses, streamlined operations and a workforce that's equipped to perform at its best. Security without stress With cyber threats becoming more sophisticated, security is top of mind for every business leader. DaaS offers built-in compliance features, end-to-end encryption and multifactor authentication — ensuring sensitive data stays protected. And because desktops are managed centrally, lost or stolen devices no longer pose a major risk. From cost center to growth engine Unlike traditional virtual desktop infrastructure (VDI), which requires significant upfront investment, DaaS operates on a flexible subscription model. Businesses pay only for what they use, freeing up capital for innovation and growth. For forward-thinking companies, DaaS isn't just an IT solution — it's a competitive advantage. Powered by RapidScale RapidScale, a Cox Communications company, is a leader in hybrid and managed cloud services, offering enterprise-grade DaaS solutions tailored to modern business needs. With a focus on security, scalability and 24/7 expert support, RapidScale helps organizations transform their IT infrastructure and empower their workforce. To learn more about how DaaS can work for your business, visit
Yahoo
01-08-2025
- Business
- Yahoo
Charter Receives Stockholder Approvals Necessary to Complete Cox Communications Transaction
STAMFORD, Conn., July 31, 2025 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its stockholders have approved the proposals necessary to complete Charter's previously announced transaction with Cox Communications, Inc. ("Cox") at its special meeting of stockholders this morning. More than 99% of the votes cast voted in favor of each of the proposals required to complete the transaction. Charter expects to complete its previously announced transaction with Cox in mid-2026, subject to the receipt of regulatory approvals and other customary closing conditions. About CharterCharter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, supported by a 100% U.S.-based workforce, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice. More information about Charter can be found at Cautionary Note Regarding Forward Looking Statements This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding, among other things, the proposed transaction between Charter and Cox Communications. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation: (i) the effect of the announcement of the proposed transaction on the ability of Charter and Cox Communications to operate their respective businesses and retain and hire key personnel and to maintain favorable business relationships; (ii) the timing of the proposed transaction; (iii) the ability to satisfy closing conditions to the completion of the proposed transaction (including stockholder and regulatory approvals); (iv) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (v) the ultimate outcome and results of integrating operations and application of Charter's operating strategies to the acquired assets and the ultimate ability to realize synergies at the levels currently expected as well as potential dis-synergies; (vi) the impact of the proposed transaction on our stock price and future operating results, including due to transaction and integration costs, increased interest expense, business disruption, and diversion of management time and attention; (vii) the reduction in our current stockholders' percentage ownership and voting interest as a result of the proposed transaction; (viii) the increase in our indebtedness as a result of the proposed transaction, which will increase interest expenses and may decrease our operating flexibility; (ix) litigation relating to the proposed transaction; (x) other risks related to the completion of the proposed transaction and actions related thereto; and (xi) the factors described under "Risk Factors" from time to time in Charter's filings with the SEC. Many of the forward-looking statements contained in this communication may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity," "tentative," "positioning," "designed," "create," "predict," "project," "initiatives," "seek," "would," "could," "continue," "ongoing," "upside," "increases," "grow," "focused on" and "potential," among others. All forward-looking statements speak only as of the date they are made and are based on information available at that time. Charter assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. View original content to download multimedia: SOURCE Charter Communications, Inc.
Malaysian Reserve
25-07-2025
- Malaysian Reserve
Cox Mobile Survey Shows 86% of Sandwich Generation Say Managing Online Safety for Teens and Aging Parents Adds Stress to Their Lives
ATLANTA, July 25, 2025 /PRNewswire/ — They're called the sandwich generation, those in their late 30s to 50s juggling teenagers and aging parents, and they're feeling the pressure when it comes to digital safety. Connecting the Digital Dots: Online Habits and Safety Concerns Across Three Generations, a new survey from Cox Mobile shows that 86% of this cohort feels managing online safety for their children and parents adds stress to their lives. Nearly 1 in 3 say that stress can feel overwhelming. Why it Matters: Worries are turning into reality. Online predators, inappropriate content, cyberbullying, and identity theft top the list of concerns for those in the sandwich generation. When it comes to their teens: Roughly one in three respondents report that their teens have been exposed to inappropriate content over the past 12 months. More than a quarter have experienced cyberbullying. 20% encountered online predators. And for their parents: More than a third said that their parents had experienced phishing scams, malware, and/or data breaches in the last year. 60% are worried about the risk of identity theft. Across the board, respondents consider social media one of the greatest threats to online safety. 'Technology has incredible potential to foster connection, learning, and independence across all generations, but families shouldn't have to navigate the digital landscape alone,' said Jill Murphy, chief content officer at Common Sense Media. 'When we equip parents and caregivers with practical tools and knowledge, digital safety becomes less overwhelming and more integrated into everyday family life.' Some Good News: Most sandwich generation respondents report discussing online safety with their teens and parents regularly – many do so daily or several times a week. They are coaching them to take more precautions, such as creating strong, unique passwords (62%), enabling multi-factor authentication (56%), and removing unsafe apps and channels altogether (53%). 'Today's families are more digitally connected than ever, and for the sandwich generation, this means managing technology use and ensuring safety for themselves, their teens, and their aging parents,' said Colleen Langner, Chief Residential Officer of Cox Communications. 'Our Cox Mobile research shows that this generation is actively taking steps to protect their families online. We're here to make that job a little easier for people of all ages with tools and guidance that help make online safety feel less overwhelming and more manageable.' Additional Findings and Resources: Beyond the Sandwich Generation, Connecting the Digital Dots reveals how teens and older adults are navigating screen time, social media, mental health, and AI use. To view the full findings and access online safety resources, visit About the Connecting the Digital Dots Survey Cox Communications commissioned a blind survey of U.S. teens, seniors, and the sandwich generation in May of 2025 to learn more about their online habits and safety concerns. Respondents to the survey included a total of 500 teens between the ages of 13 and 17, 500 seniors aged 65+, and 600 parents (ages 39 – 59) of teens between the ages of 13 and 17 with aging parents. The margin of error for this survey is +/-4% for each age group. About Cox Communications Cox Communications is committed to creating meaningful moments of human connection through technology. As the largest private broadband company in America, we own network infrastructure that reaches more than 30 states. Our fiber-powered wireline and wireless connections are available to more than 12 million homes and businesses and support advanced cloud and managed IT services nationwide. We're the largest division of Cox Enterprises, a family-owned business founded in 1898 by Governor James M. Cox that is dedicated to empowering others to build a better future for the next generation.
