NEWS
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This is an unofficial announcement of Commission action.  Release of the full text of a Commission order constitutes official action.
See MCI v. FCC. 515 F 2d 385 (D.C. Circ 1974).
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FOR IMMEDIATE RELEASE: NEWS MEDIA CONTACT:
April 24, 2015 Neil Grace, 202-418-0506
Email: neil.grace@fcc.gov
STATEMENT FROM FCC CHAIRMAN TOM WHEELER
ON THE COMCAST-TIME WARNER CABLE MERGER
FCC Chairman Tom Wheeler issued the following statement today after Comcast announced its decision 
to abandon its $45 billion dollar bid to acquire Time Warner Cable. Comcast's announcement comes after 
the Federal Communications Commission staff informed the companies of their serious concerns that the 
merger risks outweighed the benefits to the public interest. 
"Comcast and Time Warner Cable’s decision to end Comcast’s proposed acquisition of Time Warner 
Cable is in the best interests of consumers. The proposed transaction would have created a company with 
the most broadband and video subscribers in the nation alongside the ownership of significant 
programming interests. 
"Today, an online video market is emerging that offers new business models and greater consumer 
choice. The proposed merger would have posed an unacceptable risk to competition and innovation
especially given the growing importance of high-speed broadband to online video and innovative new 
services.
I am proud of our close working relationship throughout the review process with the Antitrust Division of 
the Department of Justice. Our collaboration provided both agencies with a deeper understanding of the 
important issues of innovation and competition that the proposed transaction raised.” 
- FCC –
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