News - FCC Approves Comcast-AT&T Cable Merger
FYI......rf FCC Approves Comcast-AT&T Cable Merger By David Ho Associated Press Writer Wednesday, November 13, 2002; 3:55 PM The $29.2 billion merger of Comcast and AT&T Broadband was approved by federal regulators Wednesday, clearing the way for creation of the nation's largest cable television company. The Federal Communications Commission decision is contingent on AT&T and Comcast selling their combined 25 percent ownership of Time Warner Entertainment. The FCC voted 3-1 for the deal over the objections of consumer groups, which filed a motion last week asking the agency to delay its decision. The groups claim the new cable giant would limit customers' choices in television viewing and Internet access. But FCC Chairman Michael Powell said "the benefits of this transaction are considerable, the potential harms negligible." <snip> http://www.washingtonpost.com/wp-dyn/articles/A49326-2002Nov13.html
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Richard Forno