FCC’s Comcast-Time Warner Cable Merger Review Halted Again

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The FCC today said it has stopped the clock on its informal 180-day Comcast-Time Warner Cable merger review for a third time after TWC said it had discovered 31,000 responsive documents it had not produced for the commission. The cable company cited vendor error and that it would have the docs to the FCC by December 30. After FCC staff in a letter “expressed concern about the delays in production of the missing documents and the privilege log,” TWC said it would produce the docs today.

deadline.com
 
Comcast-TW Cable Opposition Heats Up Even With Another FCC Delay https://tv.yahoo.com/news/comcast-tw-cable-opposition-heats-even-another-fcc-215444359.html
Opponents of the Comcast-Time Warner Cable merger are prepping for the next round of verbal brawling on Tuesday, the FCC’s deadline for more comments regarding the pros and cons of the $45 billion deal.Separately, the FCC on Monday implemented another delay of the time clock governing the schedule of its review. The commission said that FCC recently discovered some 31,000 Comcast-TW Cable documents that would not be delivered to the commission until Dec. 30 because of a “vendor delay.” Earlier, 7,000 documents arrived Dec. 9-10 after being withheld because Comcast-TW Cable believed they were protected by attorney-client privilege.Given the data dump, the FCC opted to stop the 180-day time clock, a guiding principle designed to prevent the deal review process from dragging on infinitely, to give staff time to review the documents. With the new Jan. 12 restart date, the FCC is expected to hold its vote on the proposed merger by the end of March.The FCC did not change the Dec. 23 deadline for reply comments to the lengthy response to earlier comments that Comcast filed with the commission on Sept. 24. That filing was noted for its aggressive stance against critics of the deal.Satcaster Dish Network used that against Comcast in its reply comment filed Tuesday. Dish, a company known for its pugnacious approach to dealmaking, has been one of the most vocal industry opponents of the union of the nation’s two largest cable operators.It speaks volumes about the current concerns about the health of traditional pay TV providers that Dish’s 40-plus page reply comment focuses largely on the impact of a combined Comcast-TW Cable on the broadband market. Dish is in the midst of assembling an over-the-top channel package to be distributed via broadband. The filing spells out numerous ways that it fears Comcast-TW Cable could interfere with or squash the nascent service because of its big footprint in broadcast.Dish’s filing calls Comcast’s discussion of arguments made by merger opponents “hectoring, high-handed, strident, shrill… It gives us a view into the post-merger world that the Applicants will create if the commission approves this transaction. … The arrogant tone and sense of entitlement on display provide useful insight into how the combined company will treat the American consumer and competitors if this merger is approved.”In a nutshell, Dish reiterates its view that the expanded Comcast will use its reach and clout to drive consumers to its own services at the expense of competitors. The filing lays out three “choke points” in the process of delivering data and video to the home where Comcast-TW Cable would have enormous sway over key technological decisions.The larger company would also have that much more leverage to demand high fees for carrying NBCUniversal cable channels — or withhold them entirely to prevent a potential competitor from getting off the ground, according to Dish.Dish scoffed at Comcast’s assertion that its broadband pipes would not discriminate against content from rival companies because it would lose broadband customers in the long run. Dish cited Comcast’s internal stats that would appear to indicate that the company has a low churn rate of broadband customers. (Dish’s filing was heavily redacted when referencing financial info and proprietary data.)“Comcast is almost like the Hotel California of broadband, an establishment guests can check into but never leave,” Dish’s filing asserted.More reply comments are expected on Tuesday. The Stop Mega Comcast Coalition, a collection of industry players, including Dish and media watchdog groups, will hold a media conference call to discuss the filings and promo their effort to torpedo the deal.Comcast had no comment on Dish’s filing. The company did respond to the FCC’s delay of the review time clock.“This limited and defined three-week clock stoppage allows FCC staff to review the new materials, and we remain on track for the transaction review to be concluded early in 2015. We are pleased that the FCC did not delay the December 23 reply comment deadline so that work on the transaction will continue, and we’ll be filing our final comments tomorrow.”
 
Federal case on documents could delay Comcast-TWC, AT&T-DTV
Feb 20 2015, 17:03 ET | About: Comcast Corporation (CMCSA) | By: Jason Aycock, SA News Editor
http://seekingalpha.com/news/231527...5:6a304dd5ac071dabfee05f13535e7c87#email_link
Delays may be in store for two very high profile mergers -- Comcast (NASDAQ:CMCSA) with Time Warner Cable (NYSE:TWC) -- as a federal court weighs a dispute over an FCC decision to provide deal opponents access to sensitive documents.
Content companies are arguing that letting merger opponents like Dish Network (NASDAQ:DISH) see hundreds of thousands of pages on their programming-negotiation pricing and strategies "would be highly damaging."
Content lawyer Robert Long says the FCC is "totally unprecedented" in providing the docs; the FCC responds that strong protections are in place and the details about buying power in programming are important in getting informed third-party input to consider approving the deals.
Judges reacted with skepticism toward the FCC's argument, but with no inkling of when they might rule, the timetable for the mergers may have to move later.
More coverage of Comcast-TWC merger http://seekingalpha.com/news/search?query=comcast+TWC+merger
 
Comcast, TWC Shares Drop After Report That Justice Department Might Nix Merger https://www.yahoo.com/tv/s/justice-dept-inclined-block-comcast-183142663.html
Time Warner Cable’s shares are down 5.4% and Comcast is off 2.7% after Bloomberg reported that Justice Department officials are “nearing a recommendation to block” the $45 billion combination of the two largest cable companies. What’s more, the officials are not negotiating with Comcast to come up with terms to ease the lawyers’ fears that the deal would hurt consumers, the news service says citing unnamed sources.As soon as next week, antitrust lCawyers assessing the deal will provide their recommendation to Deputy Antitrust AG Renata Hesse. She and other Justice officials will decide whether to formally ask the courts to stop the merger. The head of Justice’s antitrust unit, Bill Baer, took himself off the case because he represented NBCUniversal in 2011 when Comcast bought the entertainment company.The FCC also is examining the cable mega-merger, and could oppose if it concludes that it would hurt the public.Comcast says that its deal “will result in significant consumer benefits: faster broadband speeds, access to a superior video experience and more competition in business services resulting in billions of dollars of cost savings. These benefits have been essentially unchallenged in the record — and all can be achieved without any reduction of competition. As a result, there is no basis for a lawsuit to block the transaction.”
 
An online report in the Wall Street Journal late Wednesday that claims Federal Communications Commission staff members are recommending the Comcast-Time Warner Cable merger be heard before an administrative law judge has at least one analyst calling the time of death for the $67 billion deal.

According to the Journal report citing people familiar with the matter, FCC staff are recommending that the FCC hold a hearing on the matter, which the paper said would send a clear signal that the agency does not believe the transaction would be in the public interest.

The report comes days after talk that the Department of Justice was looking closely at Comcast’s role in the 2013 decision by online video pioneer Hulu to take itself off the auction block. As part of the regulatory concessions it made as a result of the purchase of NBC Universal, Comcast, a partner in Hulu, agreed to not have any say or involvement in Hulu corporate matters.

multichannel.com
 
Good, I hope it is being rejected, I was dreading being spun off to Great Land Connections

If they turn out to be awful I would have no other choice for service except DSL.
 

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