The U.S. Federal Communications Commission on Friday paused its informal 180-day countdown to deciding the fate of two mergers - Comcast Corp's with Time Warner Cable Inc and AT&T Inc's with DirecTV. The agency cited the pending court decision related to how it should handle disclosures of the companies' various contract agreements with media firms. The countdown, known as a "shot clock," is non-binding."At this time, we believe it is prudent to pause the informal 180-day transaction clocks because the commission would be advantaged by knowing the resolution of the pending Petition for Review before the transaction clocks reach the 180-day mark, which both are slated to do by the end of March," the FCC said in the announcement.
DIRECTV, is a provider of digital television entertainment in the United States and Latin America. Shares of DTV fell by 1.0% or $-0.86/share to $85.28. In the past year, the shares have traded as low as $72.28 and as high as $89.46. On average, 2402360 shares of DTV exchange hands on a given day and today's volume is recorded at 1613751.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in five geographic areas including New York State, the Carolinas, the Midwest, Southern California and Texas. Shares of TWC fell by 1.21% or $-1.9/share to $154.73. In the past year, the shares have traded as low as $128.78 and as high as $159.94. On average, 2149890 shares of TWC exchange hands on a given day and today's volume is recorded at 1567056.
Time Warner Inc. (Time Warner), is a media and entertainment company. Shares of TWX fell by 1.16% or $-0.98/share to $83.59. In the past year, the shares have traded as low as $59.87 and as high as $88.13. On average, 4465220 shares of TWX exchange hands on a given day and today's volume is recorded at 2087760.
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