Comcast, Time Warner Looking to Combine As One Company

By: 23 Newsroom
By: 23 Newsroom

WASHINGTON, DC (AP) -- The nation's two largest cable providers... Comcast and Time Warner want to unite as one company. Many on Capitol Hill argue that the joining will lead to higher prices for customers.

If approved, the cable giant would serve 30 percent of the nation's cable subscribers. The company would also claim more than 40 percent of all high-speed internet users which could lead to higher prices for content streamed through Apple TV and Netflix. Comcast and Time Warner executives say their proposed merger will not hurt customers.

The Federal Communications Commission has about six months to decide on the merger. Most experts say they expect the FCC to approve the deal, but with some extra conditions.


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