Comcast says that the closure of its acquisition of Time Warner Cable has been delayed to the middle of 2015, after the Federal Communications Commission (FCC) indicated that it needed more time to conduct a thorough review of the deal.
The FCC had called for large amounts of information from Comcast, Time Warner and their competitors before it could decide if the acquisition is in the public interest. Another major cause of the delay has been a dispute between the FCC and the major TV channel owners over the confidentiality of programmers’ contracts with Comcast and other pay-TV providers.
The deal needs the approval of both the FCC and the Justice Department and Comcast says it has yet to start the process of negotiating with regulators over conditions for possible approval.
