Comcast occupies Crimea, I'm sorry, California
Comcast will be, by far, the dominant cable company in California, if the proposed acquisition of Time-Warner Cable and today’s announcement of a pie-slicing deal with Charter Communications come to pass.
In order to get the Time-Warner purchase past federal regulators, Comcast wants to trim back what would be its combined customer base to 30 million homes, which is about half the cable TV subscribers in the U.S. So this morning it announced a scheme to spin off some Time-Warner subscribers into a company effectively controlled by Charter Communications (which would become the second biggest cable operator in the U.S.),… More