Comcast Makes TWC Case at FCC

Comcast execs led by executive VP David Cohen pitched the Time Warner Cable deal to Federal Communications Commissioners. Their take, according to one pitchee, boiled down to no harm, no foul in three key areas:

1. No horizontal harms because the sub count would come in under the FCC's old 30% cap on a cable's subs, which a court threw out.
2. No vertical harms because Comcast has already been there, done that via the FCC's conditions on the merger with NBCU, which conditions will extend automatically to the Time Warner Cable systems when they become Comcast systems.
3. No broadband harms because Comcast is still subject to the FCC's anti-blocking and anti-discrimination rules through 2018 (and likely longer as a condition of the new deal, which would then apply those conditions to TWC as well). And because the broadband market has changed, and regardless of how many broadband subs the combined companies will have, it is hardly the only broadband game in town.

[March 10]