comcast time warner deal

Remember that the Federal Communications Commission, which must also approve the merger, has a broader mission beyond just trust-busting: Regulators there are supposed to judge whether mergers are “in the public interest” before waving one through (or at least imposing conditions on it). Traditionally “public interest” has included factors including competition, localism and diversity. Perhaps a solid record of screwing over millions of customers should be a consideration, too.

Reports: Comcast to buy Time Warner Cable

CNBC, Reuters and The Wall Street Journal reportthat Comcast and Time Warner Cable have agreed to merge in a $45 billion deal, according to sources. 

The official announcement is expected Thursday morning, CNBC reports. 

Follow updates on Breaking News

Photo: A cable truck returns to a Time Warner Cable office in San Diego, Calif., on Dec.11, 2013. (Mike Blake / Reuters)

Comcast, Time Warner Cable confirm $45.2 billion merger deal

CNBC: Comcast said Thursday it had reached an agreement to acquire Time Warner Cable in an all-stock transaction worth $158.82 a share.

Comcast Chairman and CEO Brian Roberts told CNBC that he’s confident that the deal will be approved—saying the companies wouldn’t have agreed to the deal otherwise.

The new company would be by far the largest cable provider in the nation with more than 33 million subscribers.

Follow updates on this merger at Breaking News

Photo: Getty Images via NBCNews.com