BIG WIN: Mega merger Comcast-TWC deal ends

Everyday people standing together in the U.S. managed to stop Big Telecom getting even bigger. This proves by working together we really can succeed in taking on Big Telecom’s high prices and abysmal service.  Article by Emily Steel for The New York Times Regulators declared victory on Friday after Comcast and Time Warner Cable confirmed that they had aborted their $45 billion merger, which would have created a truly national cable company with unprecedented control over the future of the country’s television and broadband markets. The unraveling of the deal came after Attorney General Eric Holder told Justice Department lawyers at a meeting two weeks ago that they had his support in deciding to challenge the transaction, according to a person with knowledge of the discussions who spoke on the condition of anonymity because of the sensitivity of the issue.

Everyday people standing together in the U.S. managed to stop Big Telecom getting even bigger. This proves by working together we really can succeed in taking on Big Telecom’s high prices and abysmal service. 

Article by Emily Steel for The New York Times

Regulators declared victory on Friday after Comcast and Time Warner Cable confirmed that they had aborted their $45 billion merger, which would have created a truly national cable company with unprecedented control over the future of the country’s television and broadband markets.

The unraveling of the deal came after Attorney General Eric Holder told Justice Department lawyers at a meeting two weeks ago that they had his support in deciding to challenge the transaction, according to a person with knowledge of the discussions who spoke on the condition of anonymity because of the sensitivity of the issue.

- Read more at The New York Times