April 24, 2015

Wyden Hails News Comcast will Abandon Takeover of Time Warner Cable

FCC Stands up for Consumers by Pushing Back on Big Cable Monopolies

WASHINGTON - U.S. Senator Ron Wyden (D-Ore.) issued the following statement after the announcement that Comcast would not proceed with its takeover of Time Warner Cable.

For the second time this year, America’s consumers stood up to Big Cable and won, refusing to make their monopoly any bigger,” Wyden said. “The decision will lead to more choices, better services and lower prices – a win for consumers and small businesses.”

Earlier this week, Sen. Wyden along with Sens. Al Franken (D-Minn.), Bernard Sanders (I-Vt.), Edward Markey (D-Mass.), Elizabeth Warren (D-Mass.), and Richard Blumenthal (D-Conn.) sent a letter to the Federal Communications Commission and the Department of Justice asking them to "take a stand for U.S. consumers and businesses and reject Comcast's proposed acquisition of TWC."