“Comcast Corp. and Time Warner Cable Inc. are slated to sit down for the first time on Wednesday with Justice Department officials to discuss potential remedies in hopes of keeping their $45.2 billion merger on track, according to people familiar with the matter,” reports the Wall Street Journal.
The parties haven’t met face-to-face to hash out possible concessions in the more than 14 months since the deal was announced.
Staffers at both the Justice Department and the Federal Communications Commission remain concerned a combined company would wield too much power in the broadband Internet market and give it unfair competitive leverage against TV channel owners and new market entrants that offer video programming online, said people with knowledge of the review. (WSJ)
Today’s Question: Do you support the proposed Comcast-Time Warner merger?