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As Comcast Takes Next Step in TWC Merger, Opposition Groups Band Together (TVNewser)
Comcast took the next step in its $45 billion acquisition of Time Warner Cable Tuesday morning by filing a joint Applications and Public Interest Statement with the FCC. In a blog post about the filing, Comcast EVP David Cohen argued that the deal is good for consumers, especially current TWC customers. Those opposed to the deal, understandably, don’t think so. Fifty groups sent a letter to the attorney general and FCC chairman Tuesday asking that the deal be blocked. Capital New York The 650-page document filed with the FCC outlines the reasons Comcast believes the proposed merger with TWC would be in the public interest. Much of the document spelled out in granular detail arguments made by Comcast in its original announcement of the proposed deal, but there are some notable new takes. Comcast now sees itself as a tech company, in competition with Google, Facebook and Netflix just as much as traditional competitors like DirecTV and Verizon. Comcast argues that it doesn’t compete with TWC, as they do not operate in the same areas. Variety Critics have claimed the Comcast-TWC merger, which would create an entity that controls 30 percent of the country’s pay-TV market, is decidedly not in the public interest because it would result in fewer choices and higher prices for consumers. Moreover, the combination “could compromise the open nature of the Internet,” Sen. Al Franken told Justice Department officials last month. CNET Last week, Comcast filed a Hart-Scott-Rodino notification with the U.S. Department of Justice, which will begin the antitrust review of the merger. And on Wednesday, Cohen will testify about the merger before the U.S. Senate Judiciary Committee. Now that the official filing has been made in the merger, which was announced in February, the FCC will have a self-imposed deadline of 180 days to review and make its decision. USA Today Facing a growing number of customers flocking to streaming video and content providers demanding more payment for programs, TWC agreed in February to be bought by Comcast for $45 billion. The acquisition would give Comcast access to key media markets that it has coveted, including New York and Los Angeles, and occupy about 40 percent of the Internet service market, or about 32 million customers.