The U.S. Senate Judiciary Committee will hold a hearing on Comcast's plan to merge with Time Warner Cable in April and another on retransmission issues in late March, the committee said on Wednesday.Senator Patrick Leahy, who chairs the committee, said the panel would meet on April 2 to discuss plans by Comcast , the No. 1 U.S. cable operator, to purchase TWC for $45.2 billion. TWC is the No. 2 U.S. cable operator. Both companies are major broadband Internet providers.On March 26, the panel will discuss the Satellite Television Extension and Localism Act, known as STELA, which expires at the end of 2014 and tackles, among other issues, the retransmission of broadcasting content by satellite companies. Congress must reauthorize the measure.The planned Comcast merger with Time Warner Cable has raised eyebrows even though the companies directly compete against each other in very few 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 fell by 0.67% or $-0.94/share to $138.56. In the past year, the shares have traded as low as $89.81 and as high as $147.28. On average, 3431330 shares of TWC exchange hands on a given day and today's volume is recorded at 1961205.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.62% or $-0.42/share to $67.26. In the past year, the shares have traded as low as $55.17 and as high as $70.77. On average, 5477540 shares of TWX exchange hands on a given day and today's volume is recorded at 5198903.
Source
