Tuesday, September 30, 2014

FCC Asks For Comcast Contracts

The Federal Communications Commission is pushing for media companies to submit details of their programming agreements with Comcast Corp., as it reviews the cable giant's proposed $45 billion merger with Time Warner Cable.

The Wall Street Journal reports the agency believes the documents—which cover details of the carriage arrangements between Comcast and TV channel owners—contain information that would be relevant in its review, according to a person familiar with the matter.

Media companies, though, are pushing back. Though many of them would like to see the FCC put in place strict conditions on a deal to restrain Comcast's market power, they don't want to reveal details of their contracts with the cable giant, fearing that would give competitors an advantage.

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