article_snippet.sent: $45.2 billion proposal to merge with Time Warner Cable Inc., Bloomberg Business reports.
article_snippet.sent: Citing people familiar with the matter, Bloomberg reports that attorneys investigating $45.2 billion proposal to merge with Time Warner Cable Inc., Bloomberg Business reports are concerned that such a merger would harm consumers and consumers may submit consumers review against the merger as early as next week.
article_snippet.sent: $45.2 billion proposal to merge with
article_snippet.sent: The proposed collaboration of the two cable television companies, which have both suffered drops in shares recently, drew criticism from Comcast competitors and groups that oppose media consolidation, according to CNN Money.
article_snippet.sent: And competitors fear that the multi-billion-dollar deal would allow TWC to unilaterally set programming prices for the entire industry, the LA Times reports.
article_snippet.sent: On Friday, a group of companies, public interest groups, and associations wrote a letter to FCC Chair Tom Wheeler opposing the deal that would combine the nation's biggest and second biggest cable television operators. '
article_snippet.sent: TWC would, among other things: control over half of the high-speed residential broadband connections in the United States; dominate pay-TV across the nation; combine even stronger distribution muscle with NBC-Universal's 'must-have' video programming; and control critical advertising and set top-box inputs,' a letter to FCC Chair Tom Wheeler opposing the deal that would combine the nation's biggest and second biggest cable television operators stated according to Reuters. '...
article_snippet.sent: the Federal Communications Commission should reject this merger because this merger would result in too much power in the hands of one company.'
highlights_snippet.sent: $45.2 billion proposal to merge with Time Warner Cable Inc.
  
highlights_snippet.sent: Attorneys with the DOJ's antitrust division are concerned that the merger would hurt consumers .
  