Ilya Marritz covers business for WNYC.
Mayor “Concerned” Over Comcast Bid for Cable Subscribers
Monday, August 25, 2014
Mayor Bill de Blasio is raising questions about Comcast's bid to purchase Time Warner Cable.
In a letter to the Chairman of the Federal Communications Commission, the mayor said recent mergers have already reduced competition in the cable industry, and consumers and businesses are paying more each year for their cable TV and high speed internet subscriptions.
Before Comcast is allowed to acquire Time Warner Cable, the mayor wants to see Comcast demonstrate a real commitment to serving low-income customers with reduced-rate broadband packages.
Time Warner Cable has around 2.6 million subscribers in New York State and owns NY1. New York Gov. Andrew Cuomo has also said he has concerns about the proposed merger, and has ordered a review of the likely impacts.