The proposed $45 billion merger between Time Warner and Comcast was one of last year's biggest deals. Following FCC pushback and inquiries made by the Justice Department, Comcast has now pulled the plug on the pact in anticipation of the inevitable legal process that could have been a death sentence for the merger anyway. According to NPR, the Justice Department and FCC "were concerned about having such a huge player in broadband." Both cable providers create a lot of their own content, including Comcast-absorbed NBC Universal, and increased demand for a la carte services like HBO Now shows that consumers don't want to pay for pricey, overstuffed cable packages just to get their high speed internet. Read More: Why You Should Worry About the Comcast-Time Warner Deal "We structured this deal so that if the government didn’t agree, we could walk away," said Comcast CEO Brian Roberts Friday. The deal's collapse,...
- 4/24/2015
- by Ryan Lattanzio
- Thompson on Hollywood
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