FCC Green Lights Adelphia Cable Sale
The Federal Communications Commission on Thursday approved a $17 billion sale of bankrupt cable provider Adelphia to Time Warner and Comcast. The decision stipulates that both companies must give competitors access to local sports programming.
Because Time Warner and Comcast offer both television programming and cable distribution to customers, the FCC banned the companies from preventing the sale of regional sports broadcasts to other providers. However, FCC Commissioner Michael Copps warned that even with the requirement in place, the consolidation of the cable industry could mean higher bills for consumers.
5 Comments
