Comcast Gets a Merger Approval, But Objects to New Low-Income Requirements
California seeks more cheap Internet for the poor. Comcast says it's too hard.
By Jon Brodkin
Feb 14, 2015
California has tentatively approved Comcast's $45.2 billion acquisition of Time Warner Cable, but Comcast isn't entirely happy because some of the conditions demanded by the state "create a more intrusive regulatory regime."
The proposed approval with conditions came yesterday from Public Utilities Commission Administrative Law Judge Karl Bemesderfer. Comcast Executive VP David Cohen quickly wrote a response criticizing Bemesderfer's proposed conditions.Read more