DirecTV Chief Executive Officer Mike White on Thursday called for U.S. regulatory scrutiny of Comcast Corp's proposed purchase of Time Warner Cable Inc and the "effective broadband monopoly" he said it might create in as much as two-thirds of the United States.White said his company, the nation's largest satellite TV provider, was still determining what position to take with Washington regulators who will review the merger. The deal will be reviewed by the Federal Communications Commission and either the U.S. Department of Justice or the Federal Trade Commission, the two agencies that share antitrust oversight in the United States."If the deal is approved as proposed, it clearly represents an unprecedented media concentration in one company," White told analysts on a conference call after DirecTV reported quarterly results."One of the challenges is to try and ensure that it is appropriately scrutinized," he said.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.47% or $0.66/share to $141.66. In the past year, the shares have traded as low as $84.57 and as high as $147.28. On average, 3626370 shares of TWC exchange hands on a given day and today's volume is recorded at 7708227.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.56% or $0.36/share to $64.98. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5145620 shares of TWX exchange hands on a given day and today's volume is recorded at 5193232.
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