Comcast, Time Warner Slam Opponents of Merger

Comcast and Time Warner Cable on Wednesday came out swinging against opponents of their proposed merger. Critics are concerned that the acquisition would threaten both consumers, who could potentially face higher prices, as well as competition.

However, the two companies claimed that opponents like Netflix, Dish, Discovery and Viamedia are either peddling misinformation or opposing the merger to promote their own interests. That's according to a filing by Comcast and Time Warner Cable with the U.S. Federal Communications Commission (FCC) that runs hundreds of pages long,

Comcast called out Netflix specifically, saying the company tried to gain undue business leverage, according to the Wall Street Journal. Comcast cited an e-mail from Netflix CEO Reed Hastings to Comcast executives "in which he praised a paid interconnection deal the companies struck early this year to improve Netflix streaming quality for Comcast subscribers, saying the arrangement 'worked well for both of us for the long term,'" according to the Journal.

Comcast said Hastings had a different take on the matter during the merger proceedings and has since opposed the Comcast-TWC deal. In response, Netflix CEO Reed Hastings said he checked his e-mail for the comments Comcast attributed to him and "didn't find them," the Wall Street Journal reported. The Netflix exec said his position against paying for interconnection never changed, but "we felt we had no choice but to sign" the deal, according to the Wall Street Journal.

Announced in February, Comcast's plan is to acquire Time Warner via a $45.2 billion stock swap. If the deal between the two largest cable companies in the U.S. goes forward, it would result in an organization with control of over one-third of the nation's market. The merger requires the approval of both the FCC and the U.S. Justice Department.

Comcast: EUOverheated RhetoricEU

The proposed merger is being opposed by a...

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