Comcast takes a move to make merger easy
April 29 , 2014
Comcast announced today that it will get rid of 3.9 million of its subscribers in order to make its merger with Time Warner more easy with regulators.
The Wall Street Journal noted that the company will sell 1.4M subscribers to Charter Communications and become the second-largest pay TV company.
"Comcast wanted to do this deal now with Charter so it could get in front of regulators...at the same time as the Time Warner Cable deal," a source said. An analyst mentioned that the deal is "a transformative event" for Charter, which "sets them up over time to consolidate ... the rest of the cable industry."