New York – Comcast Walking Away From $45B Time Warner Cable Deal

    0

    FILE - A truck bearing a message is parked near a group of local residents and consumers organizations opposing Comcast's proposed merger with Time Warner Cable, as they protest the deal outside the Comcast Shareholders Meeting in Philadelphia, Pennsylvania, May 21, 2014. ReutersNew York – Comcast is dropping its $45 billion bid for Time Warner Cable after heavy regulatory pushback.

    Join our WhatsApp group

    Subscribe to our Daily Roundup Email


    The combined company would put nearly 30 percent of TV and about 55 percent of broadband subscribers under one roof.

    That would give the resulting behemoth unprecedented power over what Americans watch and download.

    Competitors, consumer groups, and politicians have criticized the deal, saying it would lead to higher prices and less choice.

    Even with the Comcast deal squashed, cable companies are likely to keep combining as costs rise for the shows, sports and movies they pipe to subscribers and video customers decrease.

    Many analysts expect that Charter Communications Inc., which lost out on its bid for Time Warner Cable Inc. to Comcast Corp., to resurrect its effort.


    Listen to the VINnews podcast on:

    iTunes | Spotify | Google Podcasts | Stitcher | Podbean | Amazon

    Follow VINnews for Breaking News Updates


    Connect with VINnews

    Join our WhatsApp group