Comcast, Time Warner deal to get close look from all sides - KMSP-TV

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>>

  • EU hits Russian intelligence chiefs with sanctions

    EU hits Russian intelligence chiefs with sanctions

    Saturday, July 26 2014 12:55 AM EDT2014-07-26 04:55:58 GMT
    European Union ambassadors have reached a preliminary deal on stepped-up sanctions against Russia, targeting its access to European capital markets and trade in the defense sector, dual-use goods and sensitive...
    The European Union on Friday extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine, official documents showed.
  • Family feud sparks revolt at grocery store chain

    Family feud sparks revolt at grocery store chain

    Friday, July 25 2014 9:05 PM EDT2014-07-26 01:05:50 GMT
    It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures.
    It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures. They're grocery store owners.
  • Migrants: Obama urges Latin leaders, GOP to help

    Migrants: Obama urges Latin leaders, GOP to help

    Friday, July 25 2014 7:38 PM EDT2014-07-25 23:38:15 GMT
    President Barack Obama is summoning Central American leaders to the White House to discuss the influx of young immigrants from their countries to the U.S., hoping to show presidential action even as Congress...
    Pressing for swift action, President Barack Obama on Friday urged Central American presidents and congressional Republicans to help ease the influx of minors and migrant families crossing the southwest border of the U.S.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

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