Comcast

FILE – This Feb. 11, 2011 file photo shows the Comcast logo on one of the company’s vehicles, in Pittsburgh. Comcast has agreed to buy Time Warner Cable for $45.2 billion in stock, or $158.82 per share, in a deal that would combine the top two cable TV companies in the nation, according to a person familiar with the matter who spoke on condition of anonymity because it had not been announced formally. An announcement is set for Thursday morning, Feb. 13, 2014, the person said. (AP Photo/Gene J. Puskar, File)

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 02/13/14, 9:19 PM PST | Updated: 10 hrs ago

The $45.2 billion merger of Comcast Corp. and Time Warner Cable, the nation’s two biggest cable providers, will likely draw an intense review from federal regulators, while TWC customers could see new technology and improved service, officials said Thursday..

Comcast Chairmen and CEO Brian L. Roberts said in a teleconference Thursday that he believe the deal would pass a review with the Federal Trade Commission and U.S. Department of Justice.

“On the regulatory front we think the transaction is approvable. It’s pro consumer … and in the public interest, Roberts said. “It will not reduce competition in any market because our markets do not overlap. We don’t compete in even one ZIP code.”

California illustrates his point. Time Warmer has about 2 million subscribers in Southern California from roughly Ventura County to San Diego and the South Bay through the Inland Empire. Comcast’s coverage base is concentrated in Northern California

Customers will benefit because the merger brings into play “efficiencies of scale” that will allow Comcast to quickly implement improvements in equipment and add content, Roberts said.

The combined company will have 30 million subscribers after Comcast divests itself of three million subscribers that could go to other providers, the company said.

Free Speech, a Washington-based consumer advocacy group, posted on its Website that the merger would be a disaster for consumers.

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