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State PSC to investigate proposed Time Warner-Comcast merger

Rochester Business Journal
May 19, 2014

The state Public Service Commission will thoroughly investigate Comcast Corp.’s proposed merger with Time Warner Cable Inc. to make sure the state and New York customers benefit, Gov. Andrew Cuomo announced Monday.

New regulations signed into law by Cuomo last month shift the burden to cable companies to prove a proposed merger is in the public interest, Cuomo said.

Previously, the PSC was required to approve mergers unless it found the transaction was not in the public’s interest.

“The state is taking a hands-on review of this merger to ensure that New Yorkers benefit,” Cuomo said in a statement.

The PSC will review the merger’s impact on state policies, such as efforts to expand broadband in under-served areas and to provide better broadband in schools, officials said. It also will review protections offered to low-income customers and the impact of the merger on consumer pricing and telecommunications competition industrywide.

The proposed $45.2 billion merger was announced Feb. 13. In addition to New York’s PSC, the merger requires approved federally and by other states in which the companies operate.

Time Warner Cable serves 2.6 million subscribers statewide.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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