Comcast Corp-Time Warner Cable merger supported by Washington Post
The merger of Comcast Corp and Time Warner Cable Inc. are still pending US regulatory approval. The deal was valued USD45.2 billion and would merge two of the biggest cable providers in the United States.
On Tuesday, the editorial board of Washington Post said that the merger would push through based on “clear conditions.”
Some legislators and groups opposed the merger as they said it would only let Comcast charge higher cable TV rates. They also said that it would only allow Comcast to have more authority to direct what shows are to appear on TV and online.
Meanwhile, on Tuesday Washington Post’s editorial cited that these concerns were not crucial for the US regulatory authorities to “take the severe step” and halt the merger between the two companies. The post added that the conditions for the merger warranted to “allow a crackdown” in any case that the cable firms start to unfair competition.
Comcast started trading this morning at USD48.75.