Critics, business pundits and free press advocates alike have been knocking on the doors for the Federal Communications Commission's amidst the impending merger of Time Warner Cable and Comcast. Critics say that the buyout will have negative impact on internet users all over America as well as harsh economic repercussion in the future.
The imminent merger of two of the biggest media companies in America will undoubtedly create domination on both media and the internet market according to experts. Thousands of individuals have already voiced out their concerns and most notably their opposition to the $45 billion mega-merger of the two companies. Advocacy group Common Cause and Consumers Union have already submitted more than 600,000 comments about the buyout, the group has until Tuesday to plea their cause.
Policy counsel for Consumers Union Delara Derakhshani stated in a recent press release that; "Americans are overwhelmingly opposed to this disastrous merger. They know that combining two companies with terrible track records for providing lousy service at high prices will make an already bad situation worse. We need more competition to give consumers real choices, not an even bigger Comcast that will dominate the market and be even less responsive to its customers' needs." Consumers Union and the Common Cause advocacy group have already sent a joint reply to the Federal Communications Commission highlighting the point that "Comcast's distorted view of the marketplace."
Despite Comcast's strong view on their standpoint, the Federal Communications Commission issued an official statement that they are delaying its review of the impending mega-buyout. The government agency stated that Time Warner Cable did not provide the requested document on the allotted time table. The review of the merger will be resumed on Jan. 12. 2015.
The Federal Communications Commission said that Time Warner Cable informed them that it had inappropriately withheld a total of more than 7,000 documents requested by the FCC. Time Warner has also stated in an official statement hat it will produce more than 30,000 additional documents to support their proposed merger with Comcast.
