Monday, January 18, 2021

REGULATORY ISSUES DELAY COMCAST-TIME WARNER CABLE MERGER

August 27, 2014 by · 1 Comment 

Comcast now expects to complete its $45.2-billion acquisition of Time Warner Cable early next year. In an SEC filing on Tuesday the company indicated that the merger, which it had previously forecast would be completed by the end of this year, had been delayed by regulatory issues. The deal would bring Comcast’s subscriber base to 29 million and also bring it into the top two U.S. markets, New York and Los Angeles. The FCC and the FTC are currently reviewing the merger and have asked the company to provide answers to many questions raised by lawmakers, consumer groups, unions and competing cable operators. On Tuesday, Netflix, in an FCC filing, called the merger a significant threat to "edge" providers and predicted it would stifle online innovation. Sinclair Broadcast Group said that it "would result in a dramatic increase in the merged entity’s bargaining power and control over the video programming industry" and potentially drive smaller competitors out of business.