Comcast’s share would increase to 42% of U.S. homes

Comcast’s share would increase to 42% of U.S. homes


Comcast which is an American mass media company and is the largest broadcasting and cable company in the world by revenue, it’s proposed takeover of Time Warner Cable’s operations in the state would be in the public interest and California Public Utilities Commission is expected to decide that this month.

The takeover be approved but with a number of conditions that have caused Comcast to cry foul as an administrative law judge recommended. These conditions include requiring the company to sign up at least as high a percentage as it has signed up among all homes in its territory or 45% of the low-income households in its area for Comcast’s discounted broadband Internet service.

The public benefit should be greater than if Comcast had chosen to compete with Time Warner Cable instead of buying it, that if the company expects to merge its way into those communities.

The final say on the merger will be for the U.S. Department of Justice and the Federal Communications Commission, which are considering the deal’s overall effect on competition and communications.

By Comcast’s estimate, the deal would increase the company’s share to 42% of U.S. homes. Like most cable companies, Comcast and Time Warner Cable, have studiously avoided competing in communities served by another cable TV operator so the merger doesn’t raise the usual sorts of antitrust concerns.