It’s only been a few days since Comcast and Time Warner Cable got tired of waiting for the inevitable regulatory objections to their wedding and called off the whole $45 billion marriage. While Comcast can enjoy the single life for a bit before deciding what to do next, TWC is already being linked to multiple suitors. First there was news that Charter, who was originally rejected in favor of Comcast’s bigger, sexier proposal, was once again standing outside TWC’s window with a boombox over its head. Now come rumors that TWC may be trying to make some merger magic happen with Cox. [More]
While many opponents of the Comcast/Time Warner Cable merger were setting off fireworks last Friday to celebrate the defeat of this deal that would have concentrated nearly 60% of the nation’s high-speed broadband accounts under one company, realists among us are pointing out that the end of that ill-fated engagement does nothing to change the already dismal competition landscape in many markets. [More]
Today’s headlines are all about Comcast failing to buy Time Warner Cable, but there weren’t just two players in the game. Another company is losing out: Charter would have been the lucky recipient of all the mega-merger’s spun-off customers, giving them greater consolidation over markets mainly in the midwest. But with the failure of the mega-merger, TWC is now minus one new owner, and Charter is minus all those new paying customers. So if a new deal i already in the works, well, color us unsurprised. [More]
We were skeptical from the start, but obviously someone at Comcast believed that the company would eventually be allowed to acquire Time Warner Cable for the massive sum of $45 billion. Yet this morning the nation’s largest pay-TV and Internet provider walked away from the mega-merger that would have given it unprecedented market share in both of these industries and control over cable and broadband service for the two largest cities in the U.S. So how did we get here? [More]
As it was predicted yesterday, so it has come to pass: after 15 months of trying to get it approved, and opposition not only from consumers, consumer advocates, and lawmakers but also from regulators, Comcast is giving up on its dreams of acquiring Time Warner Cable and walking away entirely from the merger.
Following reports that both the Dept. of Justice and the FCC could use their authority to throw up roadblocks to the long-delayed $45 billion acquisition of Time Warner Cable, Comcast is now reportedly planning to give up on the deal. [More]
While it’s already been reported that antitrust lawyers at the Dept. of Justice are leaning toward moving to block the $45 billion merger of Comcast and Time Warner Cable, staffers at the FCC — the other regulatory body reviewing the merger — are recommending a move that could signal opposition to the deal from both agencies. [More]
Consumer Advocates Say There Are No Conditions That Would Make Comcast, Time Warner Cable Merger Acceptable
Comcast representatives are reportedly meeting with regulators today to discuss the status of the cable colossus’s pending $45 billion acquisition of Time Warner Cable. While some reports claim that antitrust lawyers at the Dept. of Justice are leaning toward suing to block the merger, others believe that the DOJ and FCC will attempt to put conditions on the deal in order to approve it. But consumer advocacy groups say that there are no conditions that would make this merger palatable. [More]
As we head into the final stretch of regulatory review for the pending $45 billion of Comcast and Time Warner Cable — and with the Dept. of Justice possibly prepping to block the deal — a group of U.S. Senators has written to U.S. Attorney General Eric Holder and FCC Chair Tom Wheeler urging them to prevent these two companies from getting hitched. [More]
The Comcast and Time Warner Cable merger is not going as smoothly as either company had hoped. With each passing day, the FCC seems less likely to rubber-stamp their approval, and rumor has it that the Justice Department is leaning against the corporate marriage. With momentum building, merger opponents are taking the chance to push back even harder, and that includes U.S. Senator Al Franken.
In the wake of a report that antitrust attorneys at the U.S. Dept. of Justice are leaning toward blocking the pending $45 billion merger of Comcast and Time Warner Cable, it looks like the cable giants are going to meet with the DOJ later this week to discuss the status of the deal. [More]
It’s been well over a year since Comcast announced its $45.2 billion plan to buy Time Warner Cable and regulators at the FCC and Justice Dept. have yet to indicate publicly whether they plan to approve the deal or sue to block it. However, a new report claims that antitrust lawyers at the DOJ are leaning toward putting the kibosh on this marriage of the nation’s two largest cable operators. [More]
With Comcast set to take over Time Warner Cable’s millions of California customers, state regulators there have been scrutinizing the deal to see how it would affect consumers. Earlier this year, the state’s Public Utilities Commission (CPUC) suggested a number of conditions that would make the merger more acceptable, but today a CPUC commissioner publicly called for the state to block the marriage of Comcast and TWC, at least in California.
The new rule of the internet might well be: where Google goes, competition flows to follow. And so, Time Warner Cable customers in Charlotte are about to see a big boost in internet speeds long before a Fiber rollout comes to their town.
Baseball season is only days away, and the L.A. Dodgers are fresh off a 94-win division title season. Yet a large number of Dodgers fans can’t watch the games on TV because the cable sports channel owned by the team and Time Warner Cable has yet to reach deals that would let other pay-TV operators in the region carry the station. And TWC’s answer to these fans is mind-bogglingly idiotic. [More]