Comcast, Time Warner deal to get close look from all sides - Dallas News | myFOXdfw.com

The Willis Report: Comcast, Time Warner deal to get close look from all sides

Posted: Updated:

By Gerri Willis
FOX Business Network

The proposed $45 billion marriage of Comcast and Time Warner Cable has caught the eye of regulators and Congress, but the real impacts will be felt in American living rooms.

The two companies rate among the lowest with consumers in term of customer satisfaction. And, despite the fact that executives called the merger "pro-consumer," Americans complain about wait times for cable service providers and rising prices already.

Monthly cable bills have nearly tripled in the last decade to $128 a month for triple play – phone, Internet and cable TV services.

Although many consumer experts are predicting the merger will raise cable prices, others say that changes may be slow to come because it will take at least nine months to a year to get the merger approved by federal regulators.

Meanwhile, some in Congress say they plan to hold hearings to give the deal a closer look. The House Judiciary Committee and the Senate Commerce Antitrust Subcommittee have both announced plans to examine the deal in detail.

But it may not just be prices that are an issue when and if the deal is approved. Service may also be an issue. Consumer Reports has said Comcast dropped streaming speeds sharply for Netflix, a popular content provider with its "House of Cards" series, which scored record downloads this past weekend.

Ultimately, regulators will decide if the deal goes through. The Obama administration recently blocked the merger of AT&T and T-Mobile.

Comcast and Time Warner appear to already be positioning themselves for scrutiny by the Justice Department. They say that the two companies currently don't compete in any single ZIP code in the country, and that even post-merger, the company will be available to only 30 percent of American households, typically regarded as an acceptable level.

Interact with Gerri on Twitter @GerriWillisFBN and Facebook for more information, or to voice your concerns and questions.

  • BusinessMore>>

  • 5 food writers subpoenaed in 'pink slime' lawsuit

    5 food writers subpoenaed in 'pink slime' lawsuit

    Tuesday, July 29 2014 8:56 PM EDT2014-07-30 00:56:34 GMT
    Several food writers, including a New York Times reporter, have been subpoenaed as part of a company's $1.2 billion defamation lawsuit against ABC related to the network's coverage of a meat product derided...
    Several food writers, including a New York Times reporter, have been subpoenaed by a meat producer as part of its $1.2 billion defamation lawsuit against ABC in regards to the network's coverage of a beef product...
  • Senate passes highway bill, sends it back to House

    Senate passes highway bill, sends it back to House

    Tuesday, July 29 2014 8:47 PM EDT2014-07-30 00:47:27 GMT
    The Senate is scheduled to take up legislation Tuesday to keep federal highway money flowing to states, with just three days left before the government plans to start slowing down payments.
    The Senate voted Tuesday to keep federal highway money flowing to the states into December but only after rejecting the House's reliance on what lawmakers called a funding "gimmick" and moving to force a post-election...
  • Twitter 2Q results soar, stock flies high

    Twitter 2Q results soar, stock flies high

    Tuesday, July 29 2014 8:37 PM EDT2014-07-30 00:37:26 GMT
    Stronger-than-expected results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
    The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices