“Executives from Comcast Corp. and Time Warner Cable Inc. faced a tough audience in Congress Wednesday, as lawmakers questioned whether the proposed combination of the nation’s two largest cable companies would provide benefits to consumers,” Brent Kendall reports for The Wall Street Journal.
“Senate Judiciary Committee Chairman Patrick Leahy (D., Vt.), during a three-hour hearing on the $45 billion deal, said the merger wouldn’t lead to lower cable bills but would reduce the number of competitors in the cable and broadband space. ‘How specifically does it help the consumer?’ he asked,” Kendall reports. “Comcast Executive Vice President David L. Cohen said there was nothing in the transaction ‘that will cause anyone’s cable bills to go up.’ Consumers, he said, ‘are in the driver’s seat, both for broadband and in particular for video. There are a vast number of competitive choices.'”
“Mr. Cohen said the merger would provide consumers with faster broadband, greater network reliability and access to a wider range of video choices,” Kendall reports. “Lawmakers have no direct role in deciding whether the cable merger receives government approval. That decision lies with the Justice Department and the Federal Communications Commission, which are in the early stages of their regulatory reviews. That process could take the better part of a year.”
Read more in the full article here.
Comcast document mentions future Apple set-top box – April 8, 2014
Comcast makes case for Time Warner Cable merger to U.S. regulators – April 8, 2014
Will Apple and Comcast change the future of TV? – March 26, 2014
WSJ’s Apple / Comcast story not accurate, news being overblown on Wall Street – March 25, 2014
An Apple, Comcast tie-up would likely invite U.S. DOJ, FCC scrutiny – March 25, 2014
Apple-Comcast TV deal? Don’t hold your breath – March 24, 2014
3 major hurdles for any Apple-Comcast streaming TV deal – March 24, 2014
Something smells fishy about that Comcast–Apple TV story – March 24, 2014
The ‘Apple television’ is the magical unicorn of consumer tech – March 24, 2014
Apple has built a team cable industry insiders – March 24, 2014
Apple’s cable box replacement to feature dramatically overhauled interface, big emphasis on gaming, sources say – March 24, 2014
Apple in talks with Comcast about streaming-TV service; companies discussing deal to bypass web congestion – March 24, 2014