article_snippet.sent: Comcast is abandoning Comcast bid to buy Time Warner Cable for $45.2billion and  create a mega-size TV and internet provider, Comcast was reported today.
article_snippet.sent: Bloomberg, followed by the New York Times, reported Thursday afternoon that Comcast is planning to 'walk away' from the deal rather than fight the deal out with the federal government.
article_snippet.sent: An announcement from the telecoms giant, already the biggest cable company in the country, could come as early as tomorrow. 
article_snippet.sent: Comcast and Time Warner Cable declined to comment on Thursday.
article_snippet.sent: Time Warner Cable's shares dipped slightly in trading on Thursday - though Comcast stocks were actually up after the news . '
article_snippet.sent: Time Warner Cable's says Time Warner Cable's has, except for one circumstance when the FCC found Time Warner Cable's wasn't promoting a stand-alone Internet service.
article_snippet.sent: Comcast says Comcast fixed that.
article_snippet.sent: Many analysts expect that Charter, which lost out on Charter bid for Time Warner Cable to Comcast, to resurrect Time Warner Cable effort if Comcast is rebuffed. '
article_snippet.sent: Other cable deals that don't involve Comcast might be allowed to go through,' McDowell said.
article_snippet.sent: Comcast had also said the deal would help Comcast cut costs, including for programming — the shows and movies Comcast pipes to subscribers.
article_snippet.sent: http://www.dailymail.co.uk/wires/ap/article-3052969/Reports-say-Comcast-plans-drop-45B-Time-Warner-Cable-bid.html#ixzz3YAkxSfYl Follow us:
highlights_snippet.sent: Announcement that Comcast is 'walking away' from deal could come Friday .
  