Methods and systems are provided for adaptive management of local networks (e.g., in-premises networks, which may access or be connected to cable or satellite networks). A network device (e.g., a gateway device) may be configured to function as a network manager in a local network, to manage internal connections and/or communications within the local network. The managing may comprise assessing effects of the internal connections and/or communications on external connections and/or communications with one or more devices and/or networks external the local network; and setting and/or adjusting based on the assessed effects, one or more communication parameters associated with each one of the internal connections and/or communications. The effects of the internal connections and/or communications may result from utilizing one or more physical mediums that are shared with and/or are commonly used by the external connections and/or communications with one or more devices and/or networks external the local network.