Comcast Corp. has dropped its $45.2 billion deal to buy Time Warner Cable Inc., officially pulling the plug after concluding the merger would be rejected by regulators. The merger would have completely changed the cable industry landscape in central Indiana.
Representatives of the two biggest U.S. cable companies were told that FCC officials are leaning against the merger, according to a person with knowledge of the situation. The merger, if completed as planned, would shake up the cable industry in central Indiana.
Elbert Tucker, who spent much of his 30-year TV news career leading stations in Cincinnati and Columbus, Ohio, has been named news director, WISH-TV Channel 8 and sister station WNDY-TV Channel 23 announced Tuesday.
Comcast is prepared to call off the deal if concessions needed to win federal approval are too strict, according to people familiar with the matter. The merger, if completed as planned, would shake up the cable industry in central Indiana.
Staff attorneys at the U.S. Justice Department’s antitrust division are nearing a recommendation to block Comcast Corp.’s bid to buy Time Warner Cable Inc., according to people familiar with the matter.
The arms race in local TV news continues to escalate. WRTV-TV Channel 6 is the latest station to up the ante, with plans to launch a local one-hour news program at 4 p.m. branded “The Now” on April 20.
It’s not clear if Steve Bray is stepping down or was terminated at WISH-TV Channel 8, but sources said he has agreed to stay through the critical television ratings sweeps period, which concludes May 20.