News

Comcast defends Time Warner merger as review kicks off

Comcast defends Time Warner merger as review kicks off

TOO BIG?:Comcast's 175-page filing with the Federal Communications Commission formally launches the regulatory review of the proposed $45.2 billion merger between the No. 1 and No. 2 cable operators. Photo: Reuters

By Alina Selyukh and Liana B. Baker

WASHINGTON/NEW YORK (Reuters) – Comcast Corp’s merger with Time Warner Cable Inc would not deprive consumers of TV or broadband choices and would help the two companies compete against newcomers including Google Inc and Apple Inc in the video market, Comcast told U.S. regulators on Tuesday.

Comcast’s 175-page filing with the Federal Communications Commission formally launches the regulatory review of the proposed $45.2 billion merger between the No. 1 and No. 2 cable operators. The U.S. Department of Justice will conduct the antitrust review and the FCC will examine whether the deal is in the public interest.

In the filing, Comcast reiterated that Comcast and Time Warner Cable do not directly compete in any markets, meaning no consumer would lose a choice of an Internet or cable provider, as Comcast instead would boost the quality of Time Warner Cable’s services and bring faster Internet speeds.

Comcast has pledged to divest some cable subscribers so the combined company would serve just under 30 percent of the U.S. pay television video market. The company said it would serve between 20 and 40 percent of the U.S. broadband subscribers.

Opponents have raised concerns that the combined company will have too much power over what Americans can watch on television and do online.

In Tuesday’s filing, Comcast argues that such concerns are unwarranted, especially given the growing competitiveness of both the video and the Internet markets.

All of Comcast’s and Time Warner Cable’s businesses compete with “array of sophisticated companies with national or even global footprints,” including satellite and telecom companies, the companies said in the filing.

Comcast’s filing comes a day before the company’s executive vice president, David Cohen, and Time Warner Cable’s finance chief, Arthur Minson, are scheduled to testify in Congress. They are expected to face questions about the combined company’s reach into broadband markets.

(Editing by Matthew Lewis)

What's On 'KLH?

Hire Me MKE

HireMeMKE_620x400

Looking for a job around the Milwaukee area? Check out some openings>>

Wanna Play DJ?

HEYMOM

You can host your own show Sunday night at 6 on ‘KLH!

Recent Headlines

in National, World

Israel warns of long Gaza war as Palestinian fighters cross border

Fresh
Israeli soldiers patrol outside the northern Gaza Strip on July 28, 2014.

Israeli Prime Minister Benjamin Netanyahu dashes any hopes of a swift end to the three-week conflict as Palestinian fighters launched an audacious cross-border raid.

in Music

Glen Matlock denies new Sex Pistols reunion

John Lydon, right, and Glen Matlock of The Sex Pistols perform at the Roxy in West Hollywood, Calif., on Thursday, Oct. 25, 2007.

Sex Pistols star Glen Matlock dashes fans' hopes of another reunion by insisting he hasn't had any contact with John Lydon in five years.

in Music

Aretha Franklin storms out of fast food joint

FILE - In this May 11, 2013 file photo, Aretha Franklin performs during McDonald's Gospelfest 2013 at the Prudential Center in Newark, N.J.Franklin won’t say what has caused her latest health problems, but says she’s had a “miraculous” recovery and is looking forward to performing soon.In a phone interview on Tuesday, Aug. 20, Franklin said that she recently had a cat scan and that it showed she was 85 percent improved. The 71-year-old has canceled several concerts and public appearances and blamed it on unspecified treatment.

Aretha Franklin stormed out a Johnny Rockets in Ontario, Canada last week after a nasty encounter with a rude employee.