Aleteia logoAleteia logo
Thursday 21 January |
Saint of the Day: St. Agnes
home iconLifestyle
line break icon

Comcast Buys Out Time Warner in $45 Billion Merger Deal

Knight 725

Alberto González - published on 02/14/14

The nation’s largest internet and cable services provider is expected to gain about 8 million additional customers as a result of the deal.

Comcast, already the nation’s largest operator of cable and internet services, is about to get bigger.

In a deal announced Thursday, Comcast revealed that it will be buying Time Warner Cable for $45.2 billion. This will grant Comcast access to many new media markets – 43 of the nation’s 50 largest markets, to be exact – as the two companies currently do not have any market overlap.

Brian Roberts, CEO of Comcast, said of the merger, “We believe this transaction is approvable,” Mr. Roberts said. “It is pro-consumer, pro-competitive, and strongly in the public interest.”

Comcast is expected to acquire about 8 million new customers as a result of the deal from such major markets as New York City, Southern California, and Texas, bringing the company’s overall customer base to about 30 million.

The merger will attract the attention of federal regulators, whose approval will be required in order to make the deal complete and ensure its compliance with anti-trust laws.

Alberto González is the Associate Editor of Aleteia’s English edition. His prior endeavors have included working in political campaigns and in the United States Senate. He also maintains an active schedule as a liturgical vocalist and organist.

A native of California, Alberto graduated from the University of California, Berkeley in 2010 with a B.A. in Music and Political Science. He currently lives in the greater Washington, D.C. area.

Support Aleteia!

If you’re reading this article, it’s thanks to the generosity of people like you, who have made Aleteia possible.

Here are some numbers:

  • 20 million users around the world read every month
  • Aleteia is published every day in eight languages: English, French, Arabic, Italian, Spanish, Portuguese, Polish, and Slovenian
  • Each month, readers view more than 50 million pages
  • Nearly 4 million people follow Aleteia on social media
  • Each month, we publish 2,450 articles and around 40 videos
  • We have 60 full time staff and approximately 400 collaborators (writers, translators, photographers, etc.)

As you can imagine, these numbers represent a lot of work. We need you.

Support Aleteia with as little as $1. It only takes a minute. Thank you!

Daily prayer
And today we celebrate...

Top 10
Zoe Romanowsky
20-year-old filmmaker wins award for powerful 1-minute film about...
Cerith Gardiner
Meet the dad who's teaching basic skills on YouTube for kids with...
Jorge Graña
Did you know Martin Luther King appreciated the Rosary?
Philip Kosloski
What are the corporal works of mercy?
Anna Gębalska-Berekets
Couple praises Padre Pio's recipe for a happy marriage
Fr. Patrick Briscoe, OP
Reasons Catholics should read the Bible
Bret Thoman, OFS
Need healing? An exorcist recommends this 12-word prayer
See More
Get Aleteia delivered to your inbox. Subscribe here.