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Al Franken

Comcast bid for Time Warner Cable faces regulatory resistance

Comcast bid for Time Warner Cable faces regulatory resistance

Comcast Corp.'s legal team met Wednesday with federal regulators to discuss mounting concerns that the company would be too powerful if it is allowed to swallow Time Warner Cable. The $45-billion cable deal, unveiled 14 months ago, is very much in doubt. Comcast's legal team spent several hours Wednesday afternoon with attorneys with the U.S. Department of Justice. The department is probing whether a bulked-up Comcast would stifle competition. In addition, Comcast conferred with the Federal Communications Commission, which is reviewing whether the deal is in the public interest. FCC staff members have three options: They could recommend approval of the Comcast-Time Warner...

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