Monday, August 11, 2014

Competition? We don't need no stinkin' competition!-------Proposed Comcast deal could reshape state cable TV market

Proposed Comcast deal could reshape state cable TV market | Crain's Detroit Business:
"A $45 billion acquisition proposed by Comcast Corp. could completely reshape the Michigan cable TV market — affecting thousands of local jobs, hundreds of thousands of customers, tens of millions of dollars in local asset investments, and various community programs.
The Federal Communications Commission last month started its 180-day review clock on the all-stock acquisition deal for Philadelphia-based Comcast (NASDAQ: CMCSA) to buy New York City-based Time Warner Cable Inc. (NYSE: TWC), and Comcast still hopes to close on the deal by year's end.
But to appease federal regulators, a side deal for Comcast to shed 3.9 million customers and come in below a 30 percent market share among U.S. cable households after the acquisition will mean turning over nearly all its Michigan customers to a new, as-yet unnamed public company formed by St. Louis-based Charter Communications.

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