Tuesday, April 28, 2015

The FCC and Comcast

So last Friday, Comcast abandoned its $45.2 billion dollar deal to acquire Time Warner. This Wired article intimates that "signals from the Department Justice and the Federal Communications Commission made clear that the merger wouldn’t be approved, and Comcast decided to cut its losses." The article is interesting in how it outlines, very briefly, the looming disapproval of the FCC and DJ as a symptom of a string of agreement violations made by Comcast after it's purchase of NBC Universal had been approved. Thus, Comcast's rejection has opened the door to other corporations "eyeing Time Warner Cable [...] and thanks to Comcast, it [Charter Communications] now has a playbook for what not to do."


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