Cable giant Comcast has officially abandoned its bid to buy Time Warner cable. "Today, we move on" were the words of Comcast chief executive Brian Roberts in a written statement released this morning.
The $45.2 billion deal disintegrated after meetings this week between corporate executives and federal regulators revealed the government was mobilizing to block the deal.
Here & Now's Jeremy Hobson speaks to Michael Regan of Bloomberg News about the what the end of the deal means for the cable industry.
This segment aired on April 24, 2015.