Consumer advocates and U.S. lawmakers are worried that Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc will create a company with too much power to decide what Americans can watch on television and do online, and they expect intense regulatory scrutiny of the deal.Their concerns are intertwined with a recent court decision to overturn U.S. open Internet rules, which enforced the principle that Internet service providers should treat all Web traffic equally and should not give preferential treatment to their own movies, websites and content. Comcast, a major provider of Internet services, is committed to network neutrality until 2018.Separately, some media companies are concerned that Comcast would attempt to pay them less for their television shows, movies and other content, and have scheduled discussions with their attorneys with an eye toward lobbying regulators in Washington, said an antitrust attorney who spoke privately to protect business relationships.Comcast's proposed takeover of Time Warner Cable would combine the country's top two cable providers into a colossus that could reshape the U.S. pay television and broadband Internet industry. The deal would put Comcast in 19 of the nation's 20 largest TV markets.
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 7.02% or $9.5/share to $144.81. In the past year, the shares have traded as low as $84.57 and as high as $146.19. On average, 3290400 shares of TWC exchange hands on a given day and today's volume is recorded at 26664542.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.71% or $-0.46/share to $64.60. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5095120 shares of TWX exchange hands on a given day and today's volume is recorded at 5307848.
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