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CR 2000-032 Order Public Hearing On Transfer Of Control Of Cable Television System , y o January 25, 2000 ~.~ :;:~~J$V",,~~ ,." '" o P K \ ~ Council Report 2000-32 . Order Public Hearing on Transfer of Control of Cable Television System Proposed Action Staff recommends adoption of the following motion: Order a public hearing on April 4, 2000 to consider the proposed transfer of control ofKBL Cable Systems ofthe Southwest by virtue of the proposed merger between Time Warner, Inc. and America Online, Inc. to determine whether the proposed transfer of control may have an adverse affect on cable television subscribers. This motion will result in a public hearing being held to determine the effect of the merger of Time Warner and AOL on the cable television subscribers. Overview In January, America Online, Inc. (AOL) and Time Warner, Inc. (TW) allllounced a merger in which both TW and AOL will become wholly-owned subsidiaries of a new holding company call AOL Time Warner, Inc. Because Hopkins is served by KBL Cable Systems of the Southwest, Inc., a subsidiary of TW, the proposed merger and resulting transfer of control requires approval under our franchise and Minnesota Law. . Primary Issues to Consider . Is a public hearing necessary? Supporting Information . Letter from Brian Grogan re: Time Warner Transfer of Control . Minnesota Franchise Transfer Requirements . "Surfing the Web on Your Cable System" . Resolution 2000-12, Approving the Transfer of Control ofKBL Cable Systems mes Genellie , Assistant City Manager ,/ Financial Impact: $ None Budgeted: Y IN Related Documents (CIP, ERP, etc.): Notes: Source: e Council Rep0l1 2000-32 Page 2 . Is a public hearing necessary? A public hearing is not required. The City Council could simply approve a resolution approving the transfer of control. This would be an appropriate course of action if the Council feels that it does not require any additional infonnation about the merger's effect on local subscribers. If, on the other hand, the City Council determines that it wants more information and/or it wishes to allow residents an opportunity to learn more about this merger then it should hold a pubbc hearing. The Southwest Suburban Cable Commission's attorney, Brian Grogan, will be preparing a rep0l1 on the merger for all the cities that he represents that are served by Time Warner. This report could be presented to the Council by Mr. Grogan who would then be able to answer questions. I am sure representatives of Time Warner would also make an appearance. The public would also have an opportunity to find out more about the merger. The public might also have an opportunity to complain about the cost of cable, the lack of certain channels, etc. These are issues that are not really relevant to the merger. Alternatives 1. Schedule a public hearing about the merger 2. Approve a resolution consenting to the change of control of the cable company from Time Warner, Inc. to AOL Time Warner Inc. A proposed resolution is attached. . 3. Take no action, which would also result in consenting to the change of control Staff recommends Alternative #1. e . . . SOUTHWEST SUBURBAN CABLE COMMISSION c/o Moss & Barnett, A Professional Association 4800 N orwest Center, 90 South Seventh Street Minneapolis, MN 55402 Phone: (612) 347-0349 Fax: (612) 339-6686 February 22,2000 VIA E-MAIL, FAX AND U.S. MAIL Gordon Hughes City Manager City of Edina 480 1 West 50th Street Edina, MN 55424 David Childs City Manager City of Minnetonka 14600 Minnetonka Boulevard Minnetonka, MN 55345 Chris Enger City of Eden Prairie 8080 Mitchell Road Eden Prairie, MN 55344 Steve Devich Assistant City Manager City of Richfield 6700 Portland Avenue Richfield, I'vIN 55423 Jim Genellie Assistant City Manager City of Hopkins 10 10 South First Street Hopkins, MN 55343 Re: Time Warner Transfer of Control Our File No.: 40092.1 Dear Gentlemen. On January 10,2000, America Online, Inc. ("AOL") and Time Warner 1ne. ("TW") announced a merger in which both TW and AOL will become wholly-owned subsidiaries of a new holding company called AOL Time Warner Inc. Because your City is served by KBL Cable Systems of the Southwest, Inc., a subsidiary ofTW, the proposed merger and respiting transfer of control requires approval under I) Minnesota Statutes Section 238.081 and 2) your ClilTent cable television franchise with TW. As part of the regulatory approvals necessary for this merger, on or about February 9, 2000, your City received, Federal Communications Commission Form 394 - Application for Franchise Authority Consent to Assignment or Transfer of Control of Cable Television Franchise ("Form 394") from TW. Form 394 is TW's application seeking consent to the proposed transfer of control of the City's cable television franchise. A number of procedural requirements control cable television franchise transfer requests. Under federal law, the City has 120 days from the date of receiving Form 394 to act upon the . February 22, ?OOO Page 2 transfer request. Thus, the deadline for City action is approximately Monday, June 8, 2000 The City's failure to act within that time serves as an implied approval of TW' s transfer request. Minnesota Statutes ~ 238.083 and your franchise with TW impose further procedural requirements on the City. Minnesota law requires that the City either approve the transfer request within thirty (30) days ofreceiving Form 394 or determine the need for a public hearing. Your franchise provides that a public hearing may be held at the time of a proposed transfer of control in order to assess whether the transaction may have an adverse effect on the City's cable television subscribers. There is no requirement that a public hearing must be held, however, if the City chooses not to hold a public hearing, it must approve the proposed transfer of control within thirty (30) days of February 9, 2000. . If a public hearing is deemed necessary to determine whether the proposed transfer of control will have an adverse effect on the City's cable television subscribers, the public hearing must be held within thirty (30) days of the date the City makes its determination Notice of the public hearing must be published fourteen (14) days in advance of the public hearing. A final decision by the City regarding TW's transfer request must be issued within thirty (30) days of the closing of the public hearing. We have attached a chart describing the procedural requirements to assist your review. Under state and federal law as well as the City's franchise, the City may review the qualifications of the prospective controlling party. These qualifications fall into three (3) categories; legal, technical and financial. On behalf of a number of clients which we represent, Moss & Barnett will be preparing a report regarding the legal, technical and financial qualifications ofTW based on the proposed transfer of control. We will review the voluminous information provided by TWas part of Form 394 and may seek additional information to clarify unanswered questions. Mr. Michael Nixt, an attorney in our office and former CP A with Coopers and Lybrand, will perform a review ofthe financial qualifications ofTW under the proposed transfer of control. We intend to issue our report to a number of franchising authorities which will outline our recommendations regarding the legal, technical and financial qualifications of TW under the proposed transfer. Our report will also incorporate appropriate closing documentation including a detailed resolution and related documents. Historically, the Southwest Suburban Cable Commission has undertaken such a review at the time of a proposed transfer although past transfers may be more accurately described as an "assignment" of the franchise to a new entity as opposed to a "transfer of control" as is proposed in the pending transaction. e As part of recent transfer reviews of other cable operators, many cities around the country have been considering the issue of whether cable operators should provide competitive Internet Service Providers ("ISPs"), such as AOL, with "open access" to their cable lines. We have . . e February 22,2000 Page 3 enclosed a brief summary of the "open access" issue we published in a recent Moss & Barnett newsletter for :he City's review. Given that AOL, the largest ISP in the country, is a party to this proposed merger some industry observers have speculated that the open access issue may playa significant role in local transfer considerations. For your convenience, we have also enclosed a proposed resolution which the City may consider if it chooses not to hold a public hearing. We have also enclosed a sample motion which may be used to call a public hearing if the City deems appropriate. If you have any questions, please do not hesitate to contact me. Very truly yours, E~r Brian T. Grogan TLG/tlh Enclosures ,] 4')(11) I . . . Minnesota Franchise Transfer Requirements ':~~~~~~g~:'~~~;:::::.:.::::Rffl!Mr~~:.~~f~~:':~!~~::<:::..,':::.:::':.; ...:.....:~~~~~g.:. ..ij...!.:..~~~~~I~I:I~~~~i:.lf!.!... ''''II.l,;r! :::::t;'~4i~:~:.ng~t:t~k:.. ..u:: :~~S'PPFtY~: u ...... :::Sla:le:<: . . · .>W~.t.t~~:ieq*=e$~}( ...... ..' .:Wri"~#'f~pl)'... ..' .... . (tOmeiJY . ... ....:.. :'" .' .. Ptiblich~~pdgu . .l'tQtice <)fl1f~~ring. AppI;'Q~:dm'(feni~" . Local* :.... Wtitt~n ~~q)1e$( ......., .. .:..#~~~i~:t~~~r~~~. ::'.N6~~~~~~Ub"( . ....'~~~gi ...;.~t~r~~~~t~l~$~ug> ... u """,-,... .. ..... ",-"" ". . ..,.," ... " . .. ......".... . 47 V.S.C. 537(a) and 47 C.F.R ~ 76.502 47 C.F.R ~ 76.502 47 C.F.R ~ 76.502 47 U.S,c. 537(e) Minn. Stat. ~ 238.083 (subd. 2) " " (subd. 3) (subd. 4) Typically required under franchise Often required under franchise State law NfA Must identify buyer's legal, tech. and financial qual. City may question accuracy of information Operator must respond to Cit), request for information on Form 394 within 10 days H city denies transfer request must be based on buyer's qualifications or statutory violation Must make written request for transfer approval City must reply in writing by either approving transfer or determining need for public hearing H public hearing is held, must determine if transfer will result in adverse impact on subscribers City must publish notice of public hearing in local paper City must approve or den)' transfer request in writing, approval cannot be unreasonably withheld Ol)erator makes written request for transfer Allow public input Notice on newspapel Jf general circulation Grantee must file with City written evidence of transfer~ become si nator to franchise Must submit to each city at least 120 days before closing Must notify operator within 30 days of receipt Operator could extend 120 day review period if ih'Dored City must take action on Form 394 within l20 days of receipt At least 90 days prior to closing City must reply within 30 days from receipt of written notice City must hold public hearing within :iu days of determination of need for ublic hearin Must be published 14 days in advance of hearing Cit)"s decision must be reached within 30 days following the public hearing Cit)' determines whether to exercise right of first refusal Varies Notice in newspaper published 14 days in advance of Public Hearin Typically within 30 days of closing of transfer 312945/1 * All Southwest Suburban Cable Commission Franchises contain transfer provisions which parallel the procedural requirements of the state law at Section 238. . . . SURFING THE WEB ON YOUR CABLE SYSTEM Cable television operators nationwide are beginning to provide access to the Internet over their cable wires. Subscribers lease or buy "cable modems" that connect to the computer and allow access to the Internet via cable, as opposed to local phone lines. Cable modem service is often much faster than connections via phone lines and is a very attractive service offering. Typically, the cable operator has an affiliation with an Internet service provider (ISP), such as Road Runner or @Home, which subscribers use to obtain access to the Internet. There has been considerable debate over whether cable television operators must allow unaffiliated ISPs, such as America Online, "open access" to their cable modem platforms. Intending to provide more competition and choice for subscribers, some local franchising authorities have taken an aggressive approach by conditioning franchise renewals or transfers on open access requirements. All who have done so have thus far found themselves in court. One case that has gained national attention on this issue is AT&T Corp. v. City of Portland, 43 F. Supp. 2d 1146 (D. Org. 1999). In this case the City of Portland and Multnomah County, Oregon, in reviewing the proposed transfer of control ofTCI to AT&T, passed a resolution requiring AT&T to allow unaffiliated ISPs to connect their equipment directly to AT&T's cable modem platform, bypassing @Home, its proprietary cable ISP . AT&T refused the open access requirement, which essentially led to a denial of the proposed transfer. AT&T and Tel sued the City and County in federal district court, where the City and County received a favorable decision. AT&T has since appealed, and a decision from the Ninth Circuit Court of Appeals is expected sometime in February or. March of 2000. Faced with ongoing criticism, AT&T recently announced its commitment to provide open access to its cable and fixed wireless systems and afford subscribers a choice ofISPs. This will become effective next year for subscribers served by AT&T's fixed wireless systems and in mid- 2002 for subscribers of AT&T's broadband cable systems, after AT&T's exclusivity contract with cable ISP, @Home, expires. Whether others will follow AT&T's lead is unknown. Many cable operators argue that it is bad policy to mandate access to new technologies and infrastructures that are privately owned and financed. The Federal Communications Commission has so far maintained a hands-off approach, intending to have competition controL Local governments have pointed out that without regulation, cable providers may oe able to monopolize the Internet, and subscribers will not be able to select their ISP of choice We will provide an update on the status of the Portland decision and any further developments on this issue in the months to come. 31294K'! . . . RESOLUTION NO. APPROVING THE TRANSFER OF CONTROL OF KBL CABLE SYSTEMS OF THE SOUTHWEST~ INe.~ THE CABLE TELEVISION FRANCHISEE, RESULTING FROM THE MERGER OF TIME WARNER, INe. AND AMERICA ONLINE, INC. INTO AOL TIME WARNER, INe. WHEREAS, on or about November 19, 1996, the City of Hopkins, Minnesota ("City") passed and adopted Ordinance No. 96-790, granting a Cable Television Franchise ("Franchise") currently held by KBL Cable Systems of the Southwest, lnc. ("Franchisee"), a subsidiary of Time Warner, Inc., doing business as Time Warner Cable (collectively, "TW"); and WHEREAS, on January 10, 2000, a certain Agreement and Plan of Merger ("Merger Agreement") was made and entered into by and among TW and America Online, Inc. ("AOL"); and WHEREAS, the Merger Agreement contemplates the merging of a to-be-formed TW subsidiary and a to-be-formed AOL subsidiary with a parent holding company known as AOL Time Warner, Inc. CAOL Time Warner"); and WHEREAS, TW and AOL have requested consent by the City to these mergers and the resulting transfer of control of the Franchisee to AOL Time Warner; and WHEREAS, under the Franchise and applicable state and federal law, the proposed mergers and resulting transfer of control of the Franchisee require consent from the City; and WHEREAS, based on information obtained and on the repOlts and information received by the City from TW and AOL, the City has found no reason to disapprove of the proposed transfer of control of the Franchisee to AOL Time Warner. NOW, THEREFORE, the City Council for the City resolves as follows: 3156]~!1 . The Franchise is in full force and effect, and the Franchisee is the lawful holder of the Franchise. 2. The Franchisee will remain the lawful holder of the Franchise after consummation 1. of the mergers contemplated under the Merger Agreement. 3. The City hereby consents to and approves of the proposed transfer of control of the Franchisee subject to: a. Closing of the transaction contemplated within the Merger Agreement pursuant to the terms and conditions described in information provided to the City by TW and AOL. b. AOL Time Warner or the Franchisee notifying the City in writing of the completion of the mergers and the transfer of control within thirty (30) days of the date of closing. The Franchisee, within thirty (30) days of the date of closing, providing the City with a signed acceptance of this Resolution in the form attached hereto and incorporated herein by reference. d. AOL Time Warner, TW, or the Franchisee, within thirty (30) days of the date of adoption of this Resolution, reimbursing the City for all reasonable . c. . costs, expenses, and professional fees related to the City's review and action on the proposed mergers and the transfer of control. 4. The City hereby waives any right of first refusal which the City may have to purchase the Franchise, or the cable television system serving the City, but only as such right of fIrst refusal applies to the request for approval of the mergers and the transfer of control now before the City. 3lS(dXil 2 . . . 5. In the event the mergers of the TW and AOL subsidiaries into AOL Time Warner contemplated by the foregoing resolutions is not completed, for any reason, the City's consent shall not be effective. 6. To the maximum extent permitted by all applicable local, state, and federal laws, this Resolution shall not be construed to in any way relieve the Franchisee nor limit the Franchisee from any liability under the Franchise. This Resolution shall take effect and continue and remain in effect f)"om and after the date of its passage, approval, and adoption. A motion to approve the foregoing Resolution No. was made by Council Member and duly seconded by Council Member The following Council Members voted in the affirmative: The following Council Members voted in the negative: Passed and adopted by the City Council for the City this _ day of ,2000. ATTEST: CITY OF HOPKINS, MINNESOTA By: By: Its: J1561g/l 3 e . . ACCEPTANCE OF THE RESOLUTION APPROVING THE TRANSFER OF CONTROL KBL Cable Systems ofthe Southwest, Inc. hereby agrees to comply with the terms and conditions of this Resolution No. Subscribed and sworn to me this day of ,2000 Notary Public lJ5G1Xil and the Franchise referenced therein. KBL CABLE SYSTEMS OF THE SOUTHWEST, INe. By Its 4