Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Time Warner Cable Inc    TWC   US88732J2078

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Time Warner Cable : 400,000 People Join Chorus of Protest Against Comcast-Time Warner Cable Merger

04/10/2014 | 04:24am US/Eastern

WASHINGTON, April 9 -- The FreePress issued the following news release:

The Senate Judiciary Committee is set to scrutinize the proposed Comcast-Time Warner Cable merger began on Wednesday -- and 400,000 Americans have already signed petitions urging Washington to reject the deal.

The petitions, organized by public interest groups Common Cause, Consumers Union, Daily Kos, Demand Progress, Free Press and Working Families, will be delivered to the Federal Communications Commission and the Department of Justice, which are charged with reviewing the deal.

If the merger is approved, Comcast will become the dominant cable company for two-thirds of the country and will control over half of the nation's next-generation broadband customers.

"Comcast has unleashed an army of lobbyists in Washington to win approval of this deal," said Craig Aaron of Free Press. "But the cable giant can't fool the American people, who are tired of sky-high prices, lousy customer service and too few companies controlling what they can watch or download. Combining the two largest cable companies would be anti-competitive, anti-consumer and just plain bad for America."

"Consumers are fed up with Comcast and Time Warner Cable, which already rank toward the bottom when it comes to customer satisfaction," said Delara Derakhshani of Consumers Union. "This merger is a bad deal for consumers that would give Comcast even greater control of the market and little incentive to improve prices or customer service. It's no wonder so many consumers are voicing their opposition to this mega-merger."

"Our country lags behind the rest of the developed world on Internet service, speed and affordability," said Dan Cantor of Working Families. "We should narrow the digital divide by investing in infrastructure -- but this mega-merger would only threaten to make that gap worse."

"This merger is a bad deal for the American public and should be denied outright," said Rachel Colyer of Daily Kos. "No conditions will make this agreement acceptable, as we've already seen Comcast did not fulfill agency-mandated merger conditions in the recent past."

"Comcast and Time Warner Cable may have scores of lobbyists, but policymakers in Washington should listen instead to the hundreds of thousands of everyday people who are saying enough is enough," said Todd O'Boyle of Common Cause. "These two firms have abysmal records of customer service and unseemly influence peddling. A merger should be unthinkable."

"The market for Internet service already has too few players, not too many," said David Segal of Demand Progress. "That's why Americans already suffer some of the slowest and priciest Internet access in the developed world. We need to be fostering a more competitive environment -- not one where a few corrupt behemoths can throw around their political clout and corner the market."

On Tuesday, more than 50 public interest groups submitted a letter (http://wwww.freepress.net/sites/default/files/resources/Letter_Opposing_Comcast-TWC_Merger_4-8-14.pdf) urging the Federal Communications Commission and the Department of Justice to block the deal.

TNS 24HariRad-140410-30FurigayJane-4697915 30FurigayJane

(c) 2014 Targeted News Service

React to this article
Latest news on TIME WARNER CABLE INC
03/26 TIME WARNER CABLE : Uses KZO Innovations to Support its Video-based Active Learn..
03/25 COMCAST : BRIEF: Mid-2015 for TWC closing, Comcast says
03/25 TIME WARNER CABLE : Wilmington 'all-digital' warning sent 'in error'
03/25DJComcast Pushes Back Deal Closing Date -- Update
03/25 COMCAST : says $45B Time Warner Cable deal to take longer
03/25DJComcast Pushes Back Closing for Time Warner Cable Merger to Middle of 2015
03/24 COMCAST : gets social to shake bad customer-service reputation
03/20 TIME WARNER CABLE : Henderson to live-stream City Commission meetings
03/18 TIME WARNER CABLE : MILITARY $63,700 Federal Contract Awarded to Time Warner
03/17 AT&T-DirecTV merger escapes heat as all eyes on Comcast
Advertisement
Chart
Duration : Period :
Time Warner Cable Inc Technical Analysis Chart | TWC | US88732J2078 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF