WASHINGTON -- Sen. Al Franken said Thursday he was relieved to hear that Comcast was dropping its bid to buy Time Warner Cable.
After a year of railing against it, Sen. Al Franken relieved Comcast dropped bid to buy Time Warner
After a year of railing against it, Sen. Al Franken relieved Comcast dropped bid to buy Time Warner
April 24, 2015 at 12:36AM
Franken, a Democrat on the Judiciary Committee, has been angry about the bid since the beginning, saying it will only make service more expensive and competition worse for consumers. He pushed federal regulators and the Department of Justice and the Federal Communications Commission to oppose the deal.
Just last week, Franken led a letter with five other senators asking federal regulators to halt it.
"I'm glad that over the last 15 months, more and more people have come to see it the way I do" he said, in a statement. "This transaction would create a telecom behemoth that would lead to higher prices, fewer choices and even worse service. We need more competition in this space, not less."
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