Home The Internet Dodges A Bullet: The Comcast-Time Warner Merger Is Reportedly Dead

The Internet Dodges A Bullet: The Comcast-Time Warner Merger Is Reportedly Dead

Ding-dong, the merger’s dead.

After the FCC reportedly told Comcast it would oppose its $45 billion acquisition of Time Warner Cable, Comcast is apparently ready to walk away from the deal, Bloomberg reports. The result: Two mostly terrible cable companies won’t turn into one entirely terrible cable company—one that would have controlled between a third and half of the U.S. broadband market.

FCC staff reportedly said the merger would threaten competition and innovation, and thus would likely harm consumers. When reached for comment, the Internet had one response: “Well, duh.”

So you can also breathe a sigh of relief now. Though to be safe, you might want to wait until tomorrow, when Comcast is likely to announce it’s officially abandoning the deal.

Do Not Pass Go

Nobody likes you, Anthropomorphic Comcast Remote.

The merger’s death is a big win for consumers and the open Internet. Neither Time Warner and Comcast face much competition in their respective territories. Linking the two companies into one mega-ISP would only serve to consolidate their power over other media and Internet companies and give them an even stronger grip on the pipes that connect us to the Internet.

See also: With Time Warner, Comcast Wants Total Control Of The Internet Pipes

This is the latest unexpectedly Internet-friendly action by the FCC. Back in February, the FCC’s chairman, Tom Wheeler, offered his plan to reclassify the Internet as a utility in order to preserve net neutrality.

Lead image courtesy of ShutterstockComcast remote photo by Steven Depolo

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.