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Time Warner Cable Customers Beg Regulators To Block Sale To Comcast
An anonymous reader sends this report from Ars Technica:
New York is shaping up as a major battleground for Comcast's proposed acquisition of Time Warner Cable. While the $45.2 billion merger will be scrutinized by federal officials, it also needs approval at the state level. TWC has 2.2 million cable TV, Internet, and phone customers in 1,150 New York communities, and hundreds of them have called on the New York Public Service Commission to block the sale to Comcast. Comcast doesn't compete against TWC for subscribers, and its territory in New York is limited but includes a VoIP phone service offered to residential and business customers in 10 communities. "Both Time Warner Cable and Comcast already have monopolies in each and every territory in which they do business today, and combining the companies will reinforce those individual territorial monopolies under a single corporate umbrella, with NBC-Universal thrown in to boot," resident Frank Brice argued in a comment to the PSC posted yesterday.
As a slight point of clarification, one member of the public was granted time during the hearing to speak, and said person pre-request it and was asked to submit their script for review. It was not a "we will now open the floor" situation.
Thirty four characters live here.
You forgot the part where lobbyists give them $10 million
18 million in 2013 : http://www.opensecrets.org/lob...
3 million so far in 2014: http://www.opensecrets.org/lob...
so 21 million.