A Petition To Block The Charter-Time Warner Cable Merger Has Over 200,000 Signatures

February 18, 2016 11:18 AM | 1 min read | Make a Comment
Loading...
Loading...
ColorOfChange, an online civil rights organization "comprised of Black folks from every economic class," announced in a press release that it has joined nearly a dozen groups and more than 200,000 individuals in opposing a merger between Charter Communications, Inc. CHTR and Time Warner Cable Inc TWC. According to ColorOfChange, its members and supporters delivered more than 28,000 signatures to the Federal Communications Commission calling on the organization to block any Charter and Time-Warner Cable merger. "If this merger passes, New Charter and Comcast together would form a national broadband duopoly controlling nearly two-thirds of existing customers and the telecommunications wires connected to nearly 8 out of every 10 U.S. homes," the civil rights organization said. "Under this scenario, customers are likely to see industry-wide price increases and other harmful practices designed to stifle online video competition, such as arbitrary data caps and overage penalties. A New Charter and Comcast duopoly could make Internet even more unaffordable for Black communities that need access as an economic lifeline."
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: NewsRumorsCharterCharter Time Warner MergerCivil Rights OrganizationsColorOfChangeComcastTime Warner
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!