Comcast CEO: Merger With Time Warner Is 'Pro-Consumer,' 'Pro-Competitive'Play
Comcast has agreed to buy Time Warner Cable for $45.2 billion in stock. The deal will combine the two largest U.S. cable companies and, according to the National Cable Television Association, the merged company will account for almost three quarters of the cable industry.
The merger needs to pass regulatory muster. Some consumer groups charge there's already little choice of providers, channels and costs. Derek Thompson, business editor for The Atlantic, joins Here & Now's Jeremy Hobson to discuss the merger deal.
- Derek Thompson, business editor for The Atlantic. He tweets @DKThomp.
This segment aired on February 13, 2014.