The Presidential Daily Brief

Intriguing

  1. Comcast-Time Warner Merger Likely Dead

    Sometimes you just have to walk away. Comcast had planned a $45 billion takover of Time Warner Cable, but early reports say the joining of the two biggest cable companies in the U.S. is never going to happen. The news is a huge blow for Comcast higher-ups, who met with the FCC and the Justice Department in an attempt to allay fears about lack of competition hurting consumers. But now the FCC is planning to block the deal, and Comcast will almost certainly just have to take its marbles and go home.

    Bloomberg, Deadline

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