header-left
File #: 060440    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 5/18/2006 In control: Committee on Public Property and Public Works
On agenda: Final action: 6/15/2006
Title: Consenting to the assignment of Area II cable television franchise from Time Warner Cable Inc. to Time Warner NY Cable LLC, to further assignment of such franchise from Time Warner NY Cable LLC to Cable Holdco Exchange VI LLC, and to change of control of such franchise from Time Warner Inc. to Comcast Corporation, all under certain terms and conditions.
Sponsors: Councilmember Nutter
Indexes: CABLE TELEVISION
Attachments: 1. Exhibit B - ComcastAcqAreaII-ExchangeAgreementComcast&TWCable4-20-05.pdf, 2. Exhibit C - ComcastAcqAreaII-AssumptionAgmtTWNY-draft5-9-06.pdf, 3. Exhibit D - ComcastAcqAreaII-AssumptionAgmtHoldcoVI-draft#2 5-9-06.pdf, 4. Exhibit E - ComcastAcqAreaII-AffirmationOfGuaranty-draft5-2-06.pdf, 5. Bill No. 06044000.pdf, 6. Bill No. 06044000.pdf, 7. CertifiedCopy06044000.pdf
Title
Consenting to the assignment of Area II cable television franchise from Time Warner Cable Inc. to Time Warner NY Cable LLC, to further assignment of such franchise from Time Warner NY Cable LLC to Cable Holdco Exchange VI LLC, and to change of control of such franchise from Time Warner Inc. to Comcast Corporation, all under certain terms and conditions.
Body
WHEREAS, Time Warner Cable Inc. ("TW Cable"), a Delaware corporation and subsidiary of Time Warner Inc., is the operator of a cable television system in Area II of the City of Philadelphia (the "Area II Franchise"), pursuant to a transfer of the Area II Franchise from Urban Cable Works of Philadelphia, L.P. ("Urban Cable"), to which the City consented by ordinance (Bill No. 050858, approved November 21, 2005); and
WHEREAS, TW Cable currently operates the Area II Franchise pursuant to an assignment to and assumption by TW Cable of a Franchise Renewal Agreement (together with amendments and modifications, the "Area II Franchise Agreement") which was executed on December 21, 1999 by the City as franchisor and Wade Communications Partnership, d/b/a Wade Cablevision, as franchisee, as approved by Bill No. 990843 on December 16, 1999, and which Area II Franchise Agreement was transferred to Urban Cable with the City's consent by ordinance (Bill No. 990842, approved December 16, 1999); and
WHEREAS, TW Cable, as a condition to the City of Philadelphia's consent to the transfer of the Area II Franchise to TW Cable from Urban Cable, also entered into an Assumption Agreement with the City of Philadelphia dated December 2, 2005 (the "2005 Assumption Agreement"), by which TW Cable among other commitments agreed to assume and be bound by all of the provisions, terms and conditions of the Area II Franchise Agreement and those certain agreements, understandings, modifications and amendments related thereto, including but not limited to an Assumption Agreement (the "1999 Assumption Agreement") and a Supportin...

Click here for full text