WASHINGTON, D.C. -- Cable powerhouse Comcast withdrew its offer to merge with Time Warner Cable, after the companies failed to receive federal regulatory approval. Senator Ron Wyden (D-OR) had actively opposed the deal.
"For the second time this year, Oregonians and consumers across America stood up to Big Cable and won, refusing to make their monopoly any bigger," Wyden says. "The decision will lead to more choices, better services and lower prices, especially for consumers and small businesses."
Comcast has more than 600,000 subscribers in Oregon and Southwest Washington, primarily in the Willamette Valley. The Federal Communications Commission and the Department of Justice both planned to block the deal over monopoly concerns, given that the two companies share a third of cable customers nationwide.
