Comcast Argues Benefits of Time Warner Cable Deal - NBC 10 Philadelphia

Comcast Argues Benefits of Time Warner Cable Deal



    Comcast-Tme Warner Merger Proposal

    Executives from Comcast spent the day in Washington, DC to tell congress about the impact there proposed merger will have on consumers. NBC10's Ted Greenberg has the details. (Published Thursday, April 10, 2014)

    Comcast presented its case for its $45 billion takeover of Time Warner Cable, saying the deal benefits consumers and doesn't limit competition.

    It filed hundreds of pages of documents with the Federal Communications Commission yesterday after filing a notice Monday with the Justice Department.

    Today, Comcast Corporation executive vice president David Cohen testified before the U.S. Senate Judiciary Committee.

    Comcast says the $45 billion takeover will allow it to boost Internet speeds for Time Warner Cable Inc. customers, provide better video on demand service and broaden its commitment to "Net neutrality" -- the idea that Internet providers should not discriminate against Web traffic.

    Comcast says online alternatives have created competition in video, while there is at least one broadband competitor in almost all of its markets.

    Comcast is the parent company of NBC10.