Sen. Franken: Reports On Comcast-Time Warner Deal Collapse "Huge Victory" If True

WASHINGTON -- Reacting to reports on Thursday that a massive proposed merger between Comcast and Time Warner Cable has collapsed, Sen. Al Franken (D-Minn.), a vocal critic of the deal, said that the news was a "huge victory" if substantiated.

"This transaction would create a telecom behemoth that would lead to higher prices, fewer choices, and even worse service," he said in a statement. "We need more competition in this space, not less. If reports of the collapse of the deal are true, it would be a huge victory for American consumers.”

Bloomberg reported on Thursday that Comcast is scrapping its proposed $45.2 billion acquisition of Time Warner Cable. Both the Federal Communications Commission (FCC) and the U.S. Department of Justice were reportedly leaning against the transaction.

Franken has emerged as a vocal critic of the deal in Washington. He wrote an op-ed in TechCrunch earlier this week calling Comcast "greedy and dishonest" and claiming that the cable company "deliberately misled" the public during the debate on net neutrality. Cable and telecom companies suffered a major defeat recently on the open Internet issue, with the FCC adopting strong rules that ban Internet service providers from prioritizing certain web traffic.

http://www.huffingtonpost.com/2015/04/23/comcast_n_7130782.html

Senator Franken was the first and the strongest opponent of this monopoly.