Quantcast

AOL, TW AWAIT FTC VOTE TODAY

Please Read The Following While Listening To Tom Petty’s "The Waiting Is The Hardest Part"
The Federal Trade Commission is nearing its decision on the proposed America Online-Time Warner merger, with a vote scheduled this morning (12/14).

The vote may still be put off as previous deadlines in the review have come and gone.

If the vote comes today, the FTC will either issue a consent agreement with major restrictions attached to the deal or decide to take AOL and TW to court in an attempt to block the deal, according to published reports. No official word, however, has come from the FTC on its plans.

The FTC has chiefly expressed concern regarding how the combined company will run its cable operations, an issue that has already led AOLTW to offer rival Internet service providers access to its high-speed network. It is still unclear whether those steps have won over regulators or whether regulators will demand further concessions.

If the FTC approves the merger, the companies then face another potential impasse with the Federal Communications Commission.

In related news, AT&T is set to announce on Friday (12/15) that it is seeking to shed its 25% interest in Time Warner Entertainment, a stake that Wall Street values at up to $10 billion, London's Financial Times reports.

SONG REVENUE: HOPPED UP
Bad Bunny makes the most of his turn at bat. (5/20a)
TOP 20: KENDRICK
LEADS THE WAY
Another record-breaking debut week. (5/18a)
GREEN AS EVER
A think piece—cool! (5/19a)
FEET OF CLAY AND “TAPDANCING AROUND THE CONVERSATION”: KENDRICK LAMAR’S BREAKTHROUGHS
The K-Dot aesthetic examined (5/20a)
LNX BATHED IN STARLIGHT BY SHOF
23 with a bullet (5/19a)
SUPERSTAR RELEASES
Who's next?
MUSIC BIZ SPECIAL
It's Comic-Con for numbers geeks.
THE BIG CHEESE
Theories of evolution from 30,000 feet.
THE NEXT GIANT DEAL
A&R in overdrive.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)