The U.S. Senate Judiciary Committee plans to hold a hearing on March 26 to examine how the proposed merger of Comcast Corp and Time Warner Cable Inc would affect consumers, the committee's chairman said on Monday. Although U.S. lawmakers have no formal role in reviewing mergers and acquisitions, Senator Patrick Leahy, a Vermont Democrat, said in a statement that the deal "touches on important policy questions" about how Americans access pay TV and the Internet."It also presents a critical moment to discuss net neutrality principles that have allowed the Internet to remain an open marketplace for ideas," Leahy 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 fell by 0.98% or $-1.38/share to $139.16. In the past year, the shares have traded as low as $85.67 and as high as $147.28. On average, 3777360 shares of TWC exchange hands on a given day and today's volume is recorded at 5235103.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.43% or $0.28/share to $65.01. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5174920 shares of TWX exchange hands on a given day and today's volume is recorded at 5367884.
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