FCC staff leaning against Comcast deal

[n2doc]

By BROOKS BOLIEK

Federal Communications Committee staff want the agency to block Comcast’s $45 billion bid for Time Warner Cable, according to multiple sources with knowledge of an internal FCC briefing Wednesday.

For the agency to go that route, it would likely send the issue to an administrative law judge for a hearing, a step that could drag out the review for months or even years and is widely seen as tantamount to killing the deal.

The development marks another sign that the merger faces serious regulatory hurdles in Washington.

A report from Bloomberg News last week said staff attorneys in the Justice Department’s antitrust division are poised to recommend against the deal due to concerns it would stifle competition in the cable and broadband industries.


Read more: http://www.politico.com/story/2015/04/fcc-staff-leaning-against-comcast-time-warner-cable-deal-117275.html#ixzz3Y8zvauVi

[onehandle]

1. Meanwhile Comcast has made a deal to build a third giant skyscraper here in Philly.

The second one has just started being built.

Comcast wants 'too big to fail' status.

[Orrex]

2. I think that they plan to build the third one on top of the second one.

[Octafish]

3. That will be a relief.