Comcast Defends Merger Deal with Time Warner Cable

In response to Rep Tony Cárdenas' (D-CA) announcement that he is strongly opposed to Comcast's merger with Time Warner Cable, Comcast issued a statement outlining why Rep Cárdenas is wrong. In a 13 paragraph statement, Comcast wrote, “The Comcast-Time Warner Cable transaction has undisputed benefits for consumers -- including faster Internet speeds, better video products, broadband programs for low-income Americans, more competition for small businesses, and better diversity practices, including more diverse programming for consumers....We’re proud of our record in California. We have invested nearly $10 billion in the state since 1996. We’ve invested throughout the state, from our cable systems in Northern and Central California, to our innovation center in Silicon Valley, to NBCUniversal’s facilities at Universal City, which has been transformed into a state-of-the-art media and entertainment space."