Comcast Emerges as Potential Bidder for Time Warner Cable

Could also strike a deal with Charter Communications to split up the network

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Comcast Corp., the nation’s largest cable operator, is mulling a bid to acquire Time Warner Cable Inc., which is also being pursued by the considerably smaller Charter Communications.

Time Warner Cable approached the much larger Comcast, but Comcast may also want to work with Charter to break up Time Warner Cable’s assets, sources tell the Wall Street Journal. Time Warner executives are resistant to any deal that will not maximize shareholder value, according to the Los Angeles Times.

A Comcast-Time Warner merger would put the cable company in the same league as satellite TV providers like DirectTV and Dish Network, stave off increasing programming costs, and convince cable subscribers to stick around.

But it’s not clear how serious Comcast is about a deal and whether federal regulators would approve it.

[Wall Street Journal]

5 comments
Jacobs_DNO
Jacobs_DNO

God please help us. I will never go back to Comcast if this goes through. This will only send prices for basic cable and internet SKYROCKETING.

bluzrider
bluzrider

The Cable TV model seems to have its days numbered, with the advent of newer technologies and companies like NetFlix, and Hulu, I would think that some day soon, people will actually have the chance to choose what they want to pay for when it comes to entertainment, sports, and news on television, and not have to pay for programming that they don't want, need or use.

 Unless these companies already have their hands in the mix, (and they most likely do) with newer technologies and start actually developing the next generation of television, I see the end of them.


But this is more than likely wrong, because of their cozy relationship with the FCC, and congress and making and passing  laws in their favor. A newer technology and/ or a newer company probebly doesn't stand a chance against the likes of Comcast, and the government

Once again, who loses? Us, the consumer

victoria123
victoria123

It seems like Comcast is heading in the direction of Ma Bell. It already owns a stake in NBC it doesn't seem legal especially since they already have a monopoly in most areas that they operate.

ken.kinetics
ken.kinetics

Let's hope the FCC kills this quick.  We already overpay for mediocre bandwidth & program packages. 

bluzrider
bluzrider

@ken.kinetics That all depends on how much money the guys on K Street throw at the regulators.