D.C. Critics Blast Comcast’s Plans to Merge With Time Warner Cable

Originally posted on Variety:

It was only a few years ago that Comcast went through the rigorous, year-long process to secure regulatory approval of its acquisition of NBCUniversal. Now, with its plans for the country’s largest cable system to acquire the second largest, it is ready to do it again.

Comcast will face what is likely to be a 6- to 12- month process for securing regulatory approval, with the FCC and either the Department of Justice or the Federal Trade Commission charged with giving the transaction the greenlight. It will have to make the case to the FCC that its acquisition is in the public interest, and to the DOJ or the FTC (depending on which entity scrutizes the transaction) that it is not anti-competitive.

Their case for regulators approving the $45.2 billion transaction is that they do not compete with Time Warner Cable in local markets, and that its rivals from satellite…

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