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CABLEWORLD STAFF

ROAD RUNNER SHANGHAIED IN NYC?

Time Warner Cable joined the fight against Wi-Fi piracy last week with an eight-count suit against a wireless service provider and a Manhattan apartment complex it claims illegally tapped into and resold TWC's Road Runner service. The complaint against iNYC Wireless and London Terrace asks the court to direct iNYC to submit to questioning by TWC to determine whether the alleged theft is ongoing, and to give a full accounting of the revenue iNYC allegedly received from reselling the Road Runner service. The alleged theft was decidedly low-tech: TWC engineers determined that cable lines running out of the superintendent's front door and into wireless transmission equipment were connected to a TWC cable modem.

TIME WARNER REMOVES AOL TATTOO

It's official ? the AOL Time Warner board of directors voted to drop AOL from its name and revert to its old ticker symbol, TWX, within a few weeks. The name change, which was greeted with clapping and cheers when the news was circulated at a CTAM breakfast last Wednesday, comes after several quarters of disappointing performance at the America Online unit following the 2001 merger, and federal investigations sparked by advertising practices at the online unit.

S&P RAISES COMCAST RATING

Credit rating agency Standard & Poor's upped its ratings outlook on Comcast from negative to stable and reiterated the company's triple-B corporate credit rating based on the company's progress in integrating systems it acquired from AT&T Broadband and on the improvement in its operating performance. The QVC sale could help accelerate debt reduction, S&P said.

NCTA TAKES KAITZ UNDER ITS WING

As expected, the Walter Kaitz Foundation will now reside under the NCTA's umbrella and will no longer be a stand-alone nonprofit organization. The Kaitz Foundation, which was formed over 20 years ago to lure people of color to cable, will continue to serve as the industry's lead diversity organization and will continue to have its own board. The group should be able to reduce administrative costs with the move and shift its focus in the wake of the industry's consolidation. A similar setup was designed for Cable in the Classroom last year.

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