The U.S. Federal Communications Commission on Wednesday paused its informal "shot clock" deadline on the reviews of the proposed mergers of AT&T Inc and DirecTV and of Comcast Corp and Time Warner Cable Inc over the issue of confidential programming agreements.The FCC, which will determine whether the deals are in the public interest, said it will pause its self-imposed, 180-day shot-clock deadline to decide how to handle highly confidential documents related to agreements with media companies.The FCC's review of the $48.5 billion merger of wireless carrier AT&T and satellite TV provider DirecTV on Wednesday was in day 76 of the 180-day deadline. The review of the $45 billion Comcast-Time Warner Cable deal earlier had been stopped at day 85.The FCC is weighing how to resolve a hitch in collecting and reviewing agreements that pay-TV companies have signed with media companies, such as CBS Corp and Twenty-First Century Fox Inc, to offer their content to subscribers.
Twenty-First Century Fox, Inc., formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations. Shares of FOXA fell by 2.73% or $-0.92/share to $32.75. In the past year, the shares have traded as low as $30.67 and as high as $36.56. On average, 15250200 shares of FOXA exchange hands on a given day and today's volume is recorded at 18324692.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.35% or $-0.12/share to $34.50. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 21038400 shares of T exchange hands on a given day and today's volume is recorded at 24581908.
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 2.42% or $-3.38/share to $136.05. In the past year, the shares have traded as low as $115.62 and as high as $155.32. On average, 1994840 shares of TWC exchange hands on a given day and today's volume is recorded at 3632875.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.84% or $-0.65/share to $76.57. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 6638500 shares of TWX exchange hands on a given day and today's volume is recorded at 4194114.
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