PSC is taking time with Comcast/Time Warner merger
Apr 18, 2015 12:03 am
Scott Waldman in Capital New York reports that New York officials won't make a decision on the proposed merger of Time Warner Cable and Comcast for months, as the federal government and other states also consider what one internet and cable provider that large would mean, Public Service Commission (PSC) chairwoman Audrey Zibelman said April 16. Zibelman did not say when the PSC would vote on New York's $3 billion merger that affects at least 2.2 million customers. She said no decision has been made because the state must take into consideration recent developments. "The federal government has made significant rulings over the past several months that has necessitated further review. Second, this is a complex merger, with potentially large consequences for the state. Other large states, most notably California, are also taking their time to make sure they get the decision right. The FCC, too, has stopped its own review clock several times, so there is nothing unusual about our review in New York,” Zibelman said. Read the full story in Capital New York.