Lawmakers expressed concern about combining the top two U.S. cable operators at a congressional hearing Thursday to discuss Comcast's plan to merge with Time Warner Cable Inc.While none of the lawmakers asked federal regulators to block the transaction, both Republicans and Democrats cautioned there were potential negatives in the $45 billion deal.Representative Blake Farenthold, a Texas Republican, worried about whether smaller programmers would be able to sell video to cable operators."I don't want to sound hostile to this merger," he said, but constituents and interest groups have raised such concerns.
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 1.46% or $-2.07/share to $139.24. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 3561420 shares of TWC exchange hands on a given day and today's volume is recorded at 2824468.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.32% or $0.22/share to $68.04. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5578920 shares of TWX exchange hands on a given day and today's volume is recorded at 4845187.
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