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Paul Merrell

Comcast Plans to Drop Time Warner Cable Deal - Bloomberg Business - 0 views

  • Fourteen months after unveiling a $45.2 billion merger that would create a new Internet and cable giant, Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said. The decision marks a swift unraveling of a deal that awaited federal approval for more than a year. Opposition from the U.S. Justice Department and Federal Communications Commission took shape over the past week, leaving officials of the two companies to conclude the deal wouldn’t pass muster.
  • Comcast’s board will meet to finalize the decision on Thursday, and an announcement may come as soon as Friday, said one of the people, who asked not to be identified because the information is private. Time Warner Cable executives plan to tell shareholders on an earnings conference call next Thursday how the company can survive independently, the person said.
  • On Wednesday, FCC staff joined lawyers at the Justice Department opposing the transaction. That day, FCC officials told representatives of the two companies they are leaning toward concluding the merger doesn’t help consumers, a person with knowledge of the matter said. The FCC’s plan to call a hearing effectively killed the deal’s chances of success. An FCC hearing can take months to complete and drag out the approval process beyond the companies’ time frame for completion. Bloomberg News reported last week that Justice Department staff was leaning against the deal. Senators including Al Franken, a Democrat from Minnesota, also voiced opposition. “Comcast’s withdrawal of its proposed merger with Time Warner Cable would be spectacularly good news for consumers,” Michael Copps, a Democratic former FCC commissioner working with Common Cause to oppose the deal, said in a statement.
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    Looks like all that online lobbying from the internet community worked. 
Gonzalo San Gil, PhD.

Despite Throwing Money At Congress, Comcast Finds Merger Support Hard To Come By | Tech... - 0 views

    • Gonzalo San Gil, PhD.
       
      # ! It would be fine If it'd mark the beginning of the end # ! of lobbying so the start of clean politics...
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    [from the money-can't-buy-you-love dept Poor Comcast. Despite throwing millions of dollars at think tanks, consultants, PR reps, editorial writers, various front groups and a myriad of other policy tendrils, genuine, meaningful support for the company's $45 billion Time Warner Cable acquisition is still apparently hard to come by. ...]
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    [from the money-can't-buy-you-love dept Poor Comcast. Despite throwing millions of dollars at think tanks, consultants, PR reps, editorial writers, various front groups and a myriad of other policy tendrils, genuine, meaningful support for the company's $45 billion Time Warner Cable acquisition is still apparently hard to come by. ...]
Gonzalo San Gil, PhD.

One year later, Comcast's megamerger faces unknown fate, dubious public | Ars Technica - 0 views

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    "$45 billion Time Warner Cable buy has taken longer than Comcast expected." [# ! #Media #mergers are #drowning the #World # ! ... in #contents and #information #murkiness...]
Gonzalo San Gil, PhD.

How the US could block the Comcast/Time Warner Cable merger | Ars Technica - 0 views

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    "Comcast's $45.2 billion acquisition of Time Warner Cable (TWC) is expected to be thoroughly scrutinized by the Department of Justice (DOJ) and Federal Communications Commission (FCC), and it could be blocked if the agencies decide the merger would significantly reduce competition and harm consumers"
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    "Comcast's $45.2 billion acquisition of Time Warner Cable (TWC) is expected to be thoroughly scrutinized by the Department of Justice (DOJ) and Federal Communications Commission (FCC), and it could be blocked if the agencies decide the merger would significantly reduce competition and harm consumers"
Gonzalo San Gil, PhD.

With Comcast-Time Warner merger looming, AT&T will acquire DirectTV | Ars Technica - 0 views

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    # ! The bigger the Media Companies,the smaller the freedom of expresion... of choice... the lowerthe culture levels... "by Nathan Mattise - May 19 2014, 12:15am CEST Telecom 50 Today, AT&T announced that it will acquire DirectTV in a stock-and-cash transaction for $95 per share based Friday's closing prices, a transaction worth nearly $48 billion. The deal merges the second largest US wireless company with the second largest US pay-TV distributor."
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    # ! The bigger the Media Companies,the smaller the freedom of expresion... of choice... the lowerthe culture levels... "by Nathan Mattise - May 19 2014, 12:15am CEST Telecom 50 Today, AT&T announced that it will acquire DirectTV in a stock-and-cash transaction for $95 per share based Friday's closing prices, a transaction worth nearly $48 billion. The deal merges the second largest US wireless company with the second largest US pay-TV distributor."
Paul Merrell

Comcast-NBC: Internet issues bog down Comcast-NBC merger - latimes.com - 1 views

  • One company is the nation's biggest cable TV provider. The other owns a TV network, several popular cable channels and a movie studio.But when it comes to the $30-billion merger of Comcast Corp. and NBC Universal, the regulators and lawmakers who will decide the fate of the deal aren't focusing on the big screen or the small screen. They're looking at the Internet.Welcome to a media marriage, circa 2010.
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