Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Time Warner Cable Acquires NaviSite for $230 Million

Time Warner Cable Inc. announced today it had reached a deal to acquire NaviSite, a cloud services and Web-hosting company, for $230 million in cash. Time-Warner, which is the second largest cable-TV provider in the U.S. as well as a significant player in residential broadband, said the transaction would expand its commercial broadband business by providing an entry into the business of selling managed services for small- and medium-size companies. The transaction is expected to close in the second quarter of 2011.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald