Pennsylvania's two U.S. senators urged regulators on Thursday to approve "as soon as possible" Comcast's plan to merge with Time Warner Cable, saying there were many potential benefits from the proposed tie-up that is opposed by some consumer groups and rival companies. Senators Bob Casey, a Democrat, and Pat Toomey, a Republican noted that Pennsylvania-based Comcast Corp has pledged to speed up Internet speeds for Time Warner Cable customers. Their letter to Federal Communications Commission Chairman Tom Wheeler also cited the potential for additional jobs and charitable contributions in their state by the larger company.In February, No. 1 U.S. cable company Comcast said it planned to purchase No. 2 Time Warner Cable Inc for $45 billion. Furious critics complained the mega deal would create a giant with too much control over what Americans watch on TV and where they go on the Internet."We urge you to approve the merger as soon as possible," the Senators wrote to the FCC, which must determine whether the deal is in the public interest. It is reviewing the mergers alongside the Justice Department, whose approval is also needed after it conducts an antitrust review.Critics of the Comcast-Time Warner Cable merger on Wednesday announced a coalition to press regulators to block the transaction. The "Stop Mega-Comcast" coalition includes satellite company Dish Network Corp, consumer advocacy group Public Knowledge and TheBlaze, conservative commentator Glenn Beck's media company.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 1.18% or $0.83/share to $71.39. In the past year, the shares have traded as low as $52.75 and as high as $79.57. On average, 2258230 shares of DISH exchange hands on a given day and today's volume is recorded at 499736.
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 traded higher by 2.02% or $2.93/share to $148.13. In the past year, the shares have traded as low as $128.78 and as high as $155.32. On average, 2877790 shares of TWC exchange hands on a given day and today's volume is recorded at 538307.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 1.06% or $0.88/share to $84.09. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 5322700 shares of TWX exchange hands on a given day and today's volume is recorded at 1257497.
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