Time Warner Cable
“If the Department of Justice actually filed suit against Comcast, a lot of analysis of Comcast’s business practices would become part of the public record,” a public interest group’s attorney says.
Comcast has officially dropped its $45 billion takeover bid of Time Warner Cable.
Bloomberg News is citing “people with knowledge of the matter” in its report that Comcast is “planning to walk away” from the deal.
Demonstrators gathered outside Comcast Corporation’s annual shareholders’ meeting to show opposition to the company’s proposed merger with Time Warner Cable.
Along with concerns over competition and the impact on customers, politics are part of the debate over Comcast’s bid for Time Warner Cable.
But several members of the US Senate Judiciary Committee were skeptical.
Comcast says that for its business and its customers, it’s critical for the company to be part of the political process.
Chris covers the arrest of former sportscaster Don Tollefson, President Obama’s touting of trade schools, and Pizza Hut’s offer to a West Chester University student. He also talks to Tom McGrath from Philadelphia Magazine.
Chris Stigall spoke with economist and Temple professor Joel Maxcy this morning on Talk Radio 1210 WPHT about Comcast’s attempt to purchase Time Warner Cable.
The Philadelphia-based company wants to buy Time Warner, the industry’s #2 cable television service provider, for $45 billion in stock.
The merger would put the Philadelphia-based industry giant in tens of millions of homes in most major cities.