He got to see the opening ceremony, but I think he was on the phone 20 times a day while he was in Sochi. When we went through security checkpoints, he was cradling his phone to his ear.NBCUniversal head Stephen B. Burke • Discussing Comcast CEO Brian L. Roberts, who brokered the deal to buy Time Warner Cable while he was in friggin’ Sochi. That’s rich.
In a massive, $45.2 billion deal, Comcast has plans to acquire Time Warner Cable, a move that combines the two largest cable companies into one. This is despite a previous $61 billion offer for the company by smaller competitor Charter.
“It wasn’t exactly a profile in courage. You had members saying they hoped it passed but unwilling to vote for it.” — Rep. Devin Nunes (R-CA) on the House vote to pass a clean debt-ceiling bill.
The Obama administration is working on a new cybersecurity policy, and nobody likes it.
Speaking of cybersecurity, Bitcoin exchanges are getting spammed right now.
Klout got acquired for $100 million despite the fact that everyone hates it.
If Comcast is violating the administration’s orders, it should face significant penalties so consumers know they can count on the administration to protect it from anticompetitive conduct.Senator Al Franken • In a statement, after sending a letter to the FCC and Department of Justice, requesting an investigation of possible violations of the conditions that Comcast agreed to when the company merged with NBC last year. “When the Obama administration signed off on Comcast’s merger with NBC Universal, it laid out a set of rules to prevent Comcast from squashing its competitors,” added Franken. Comcast has denied allegations of wrongdoing, saying that its On Demand service is subject to cable rules, but not internet regulations. source (via • follow)