U.S. regulators should approve the proposed $45.2 billion merger of two biggest U.S. cable providers Comcast Corp and Time Warner Cable Inc , but set "clear conditions," Washington Post's editorial board said on Tuesday. Public interest groups and some lawmakers have opposed a merger, saying it would allow Comcast to raise cable television rates and gain more power over what Americans watch on TV or online.In Tuesday's newspaper, the newspaper's editorial board said these concerns were not enough for the Federal Communications Commission to "take the severe step" of blocking a deal, but warranted conditions "that allow a crackdown" if cable companies begin to treat competitors and upstarts unfairly."The government's smartest move is not to block the merger, but to make clear that regulators will respond if big industry players begin to violate basic principles of market fairness," the editorial said.The FCC will determine whether the merger is in the public interest and the Justice Department must decide whether it complies with antitrust law.
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 0.65% or $-0.88/share to $133.53. In the past year, the shares have traded as low as $89.81 and as high as $147.28. On average, 3623670 shares of TWC exchange hands on a given day and today's volume is recorded at 888316.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.65% or $-0.41/share to $62.61. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5903570 shares of TWX exchange hands on a given day and today's volume is recorded at 2398673.
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