Justice Department to block Comcast / Time Warner Merger
The New York Times report says that while Comcast may negotiate deals and conditions with which to try and disparage the huge amount of negative opinion on the deal, the process hasn’t even been officially started with the Justice Department or the FCC. This leads many to believe that the deal may not take place at all, if these unnamed sources are anything to go by. Executive Directors for both Comcast and Time Warner seem confident that the deal will continue whilst main rival Charter have openly announced they will look to merge with other, smaller companies in a bid to compete. None of these sources were able to mention a time scale for how long it will take for negotiations to take place, and even if the report by the Department of Justice and FCC recommend blocking the deal, it can still continue with authority from the senior officials of the division.No one knows how long it may take for the various reviews to come to a conclusion, and even if the report recommends blocking the deal, it could be overruled by the division’s senior officials. More information will likely become available when Time Warner Cable announce their report alongside quarterly earnings 30th of April or through Comcast’s slightly later report on 4th of May.