Please note: Over-the-air viewers in Milwaukee need to re-scan televisions on Friday, October 18 to continue to receive CBS58, WMLW, MeTV, Telemundo Wisconsin, Heroes & Icons, Bounce, Decades, Start TV, Movies! and most other local channels. Those viewers unable to currently receive these stations over-the-air should see improved reception on October 18. Cable and satellite viewers are not impacted.

Further information on the re-scan can be found at:

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Time Warner Cable merger with Comcast affecting you?

MILWAUKEE- Comcast and Time Warner executives announced a $45 billion merger Thursday morning.

According to the companies, each Time Warner Cable share will be exchanged for 2.875 shares of CMCSA, equal to Time Warner Cable shareholders owning approximately 23 percent of Comcast’s common stock, with a value to Time Warner Cable shareholders of approximately $158.82 per share based on the last closing price of Comcast shares.

The transaction will generate approximately $1.5 billion in operating efficiencies and will be accretive to Comcast’s free cash flow per share while preserving balance sheet strength.

The merger will also be tax free to Time Warner Cable shareholders.

According to Christopher Terry, a UW-Milwaukee lecturer and Media policy expert, customer cable and internet services will likely be affected and people will also see a rate spike.

For the two companies, the deal obviously makes sense in terms of dollar signs and leverage within TV markets.

Terry said, in his opinion, for the average person there is no upside to the deal.

It may be months before consumers see any changes because this deal needs to be vetted by federal regulators.

In a joint release, the companies say that this transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create operating efficiencies and economies of scale.

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